Collection Industry News

Source-site Equities research analysts expect that PRA Group, Inc. (NASDAQ:PRAA) will post $251.09 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for PRA Group’s earnings. The lowest sales estimate is $246.86 million and the…

Source-site Synchrony Financial is closely monitoring the possibility that regulators will curb late fees across the credit card industry, but it’s not overly concerned about the potential revenue impact, executives said Friday. Analysts asked about credit card late fees during…

Source-site Bombarded with calls and letters from bill collectors, Nila Payton can’t recall precisely how she ended up owing $4,000 in medical debt to her employer, UPMC. But she knows more than half came from a rough 2018, after she…

Source- site In a letter to three representatives of consumer advocacy groups, CFPB Acting General Counsel Seth Frotman indicated that due to “repeated reports of confusion” caused by the CFPB’s November 2020 advisory opinion (AO) on earned wage access (EWA) programs, he plans…

Source-site As part of the Biden administration’s focus on enforcement of the No Surprises Act (NSA), the Consumer Financial Protection Bureau (CFPB) has issued a bulletin (the Bulletin) indicating that it will closely review the practices of those engaged in…

Source- site To settle Federal Trade Commission charges that it engaged in deceptive and unfair practices, Dun & Bradstreet (D&B) has agreed to an order requiring substantial changes in the firm’s operations that will benefit small- and mid-sized businesses. Under the proposed order,…