Debt collector Financial services Personal loans 
True Accord
JANUARY 21, 2025
With inflation proving more sticky than policymakers had hoped and uncertainty around how the new administrations policies might affect it, it may take longer for people to see lower interest rates on their mortgages, car loans and credit card balances, which could prove challenging to household budgets.
True Accord
APRIL 5, 2023
On the regulatory front, the Consumer Financial Protection Bureau (CFPB) hit the ground running for 2023 with new guidance on subscription fees, proposed rulemaking on non-bank company terms and conditions, and issued an annual report sizing up the three credit reporting companies. The final amended rule will go into effect on July 20, 2023.
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True Accord
JULY 5, 2022
Missed payments on certain loans are already on the rise. The Wall Street Journal reported that borrowers with credit scores below 620 (subprime) with car loans, personal loans or credit cards that are over 60 days late are “rising faster than normal.” We all knew this was coming.
Collection Industry News
MARCH 15, 2021
SACRAMENTO – More than a year into the COVID-19 pandemic, the California Department of Financial Protection and Innovation (DFPI) continues to expand efforts to protect consumers from financial impacts of the lethal virus that has ravaged the state’s economy and killed more than 53,000 Californians.
Collection Industry News
AUGUST 17, 2024
From consumer research conducted in 2022, we found that 1 in 2 UK adults have encountered harassment or aggression from debt collectors. This contributes to the traditional debt collection industry’s average engagement rate of below 1%, high complaints, and a generally poor reputation. The golden thread between them all?
True Accord
OCTOBER 12, 2022
And, collections and charge off rates for auto leases, personal loans and bank cards are higher than pre-pandemic. Amidst all the economic gloom, there was a silver lining for many borrowers in the form of student loan forgiveness. Also noteworthy in debt collection regulations: In September, the U.S.
Better Credit Blog
APRIL 5, 2022
Don’t go into too many details, but let the debt collector know if you’re trying to buy a house but can’t because of the negative information on your credit report. Then kindly ask the debt collector to remove collections from your credit report out of goodwill. Ability Recovery Services.
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