Since the economic downturn began in the U.S. in 2008, the fortunes of ARM companies have largely mirrored the broader business environment. Debt collection agencies are particularly susceptible to high unemployment, inflated consumer bankruptcies, and plummeting housing pricing. Combined with a general tightening of credit standards, the ARM industry is more tied to macroeconomic trends than ever before.
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State Mulls Legislative Changes that May Affect Debt Collectors
12 September 2006
HSBC Profit Soars, But Bad Debts are Piling Up
12 September 2006
Core Inflation Increased at 11-year High in June
12 September 2006
State Credit Unions will Now Offer Payday Loans
12 September 2006
Non-Profit to Call 994,001 Homeowners with Adjustable Rate Mortgages to Warn of Rate Shock
12 September 2006
First Data Study Re-Confirms Debit as the Fastest Growing Payment Method
12 September 2006
Apollo Enterprise Solutions Named Leading Consumer Collections Automation Technology Provider
12 September 2006
IMF Sees Soft Landing for U.S. Economy
12 September 2006
Genpact to Acquire MoneyLine Lending Services
12 September 2006
U.S. Attorney Announces Multiple Identity Theft and Mortgage Fraud Indictments
12 September 2006
Board May Use Collection Agency for Unpaid Bills
12 September 2006
Senators Urged to Cap Payday Loan APR to 36% for Military Personnel
12 September 2006
Judge Rules Part of New Bankruptcy Law Unconstitutional
12 September 2006
Bank of America notifying customers about stolen data
12 September 2006
Senator Reid Victim of Identity Theft
12 September 2006
Wachovia Unveils New Payment Card Strategy
12 September 2006
UK Getting Tougher on Child Support Debt Collection
12 September 2006
Federal Credit Freeze Override Currently Making Way through House
12 September 2006
Health Management Earnings Fall on Bad Debt
12 September 2006
Credit Card Companies to Pay $336 mln Over Currency Fees
12 September 2006