Editorial News

Tech-Driven Debt Collection Agencies Set New Benchmark in 2025, Helping Businesses Accelerate Payment Recovery and Cash Flow Efficiency

As global businesses face tighter cash flow challenges and rising delinquencies, a new wave of tech-driven debt collection agencies is transforming how companies recover outstanding payments. As global businesses face tighter cash flow challenges and rising delinquencies, a new wave…

US creditors can now DM debtors on social media

Debt collectors are now allowed to contact Americans on social media and by text message, according to new rules enacted by a US agency this week. The rule from the Consumer Financial Protection Bureau (CFPB) opens the door for creditors…

New home sales soar 20% in August to a three-year high

Sales of newly built homes rose a much larger-than-expected 20.5% in August compared with July to the highest level since January 2022, according to the U.S. Census. It is also the largest one-month gain since August 2022. Sales were 15.4%…

‘America’s Deficit Reckoning’: How the U.S. debt spiral could spark a crisis

Independent analyses — by sources ranging from Yale University to the Wharton School to the Congressional Budget Office – have each said that President Donald Trump’s budget plan will add trillions of dollars to the U.S. deficit over the next 10 years.  What’s at stake if…

The Fed held interest rates steady, but some credit card APRs keep going up. Here’s why

Even with the Federal Reserve on the sidelines, credit card rates are edging higher. In June, credit card interest rates rose for the third straight month, hitting the highest level since December, according to a recent report by LendingTree. Now, the average annual percentage rate is just…

OCC’s Hood Emphasized AI Oversight and Inclusion in Financial Services

On April 29, Acting Comptroller of the Currency Rodney Hood delivered pre-recorded remarks at the National Fair Housing Alliance’s Responsible AI Symposium.  In his speech, Hood reiterated the OCC’s commitment to deploying AI responsibly within the banking sector and highlighted the agency’s…

March 2025 Consumer Litigation Filings: Everything Up

By David N. Anthony on April 23, 2025 Posted in All Entries, Consumer Financial Protection Bureau (CFPB), FCRA, FDCPA, State Attorneys General, CFPB + FTC, TCPA According to a recent report by WebRecon, court filings under the Fair Credit Reporting Act (FCRA), Fair Debt Collection Practices Act (FDCPA), the Telephone Consumer…

Key Driver Transforming The Debt Collection Agencies Market 2025: Rising Consumer Debt Levels Fuel Growth In The Market

The Business Research Company’s Debt Collection Agencies Global Market Report 2025 – Market Size, Trends, And Global Forecast 2025-2034 LONDON, GREATER LONDON, UNITED KINGDOM, March 31, 2025 /EINPresswire.com/ — Get 20% off on Global Market Reports until March 31st! Use…

Landlords Have a New Hardball Tactic: Tanking Your Credit Score

Landlords are turning to a hardball tactic to go after their tenants in rent disputes: tanking their credit scores. When David Murray moved out of his St. Louis apartment two months early, he thought he had settled up by giving…

Canadian toll deadbeats cost NY, NJ millions as Port Authority sees overall loss of $1.53B in 4 years

Canadian drivers are racking up over a million-dollars-a-year in unpaid tolls, penalties and other fees on Port Authority crossings in New York and New Jersey, according to documents reviewed by The Post. The Port Authority of New York and New…