Bad Debt Rises at Minnesota’s Hospitals; Charity Care Falls

Thirteen Minnesota hospital systems reported a bad-debt increase of $ 15 million between 2013 and 2014 even as charity care costs - reported by 10 hospital systems - fell by about $ 37 million in the same period, according to an analysis by the Minneapolis Star Tribune. Collection & Credit Risk

By |2015-03-25T04:16:36-05:00March 25th, 2015|FCRA|Comments Off on Bad Debt Rises at Minnesota’s Hospitals; Charity Care Falls

CFPB Takes Aim at Referral Fees

The long-standing practice of banks and mortgage lenders paying real estate brokers and homebuilders for referrals could soon be coming to an end. Collection & Credit Risk

By |2015-03-21T02:42:47-05:00March 21st, 2015|FCRA|Comments Off on CFPB Takes Aim at Referral Fees

Collection Practices Targeted in New CFPB Credit Card Study

The Consumer Financial Protection Bureau announced Tuesday it’s adding two new topics - debt collection practices and ability-to-repay standards - to a planned second credit card market study that could lead to new rules and enforcement actions Collection & Credit Risk

By |2015-03-19T02:02:53-05:00March 19th, 2015|FCRA|Comments Off on Collection Practices Targeted in New CFPB Credit Card Study

Live from Newark!

Today, we held a field hearing on arbitration in Newark, N.J. The event featured remarks from Director Richard Cordray, as well as testimony from consumer groups, industry representatives, and members of the public. The live event has now ended, but we’ll have a recording available here soon. Consumer Financial Protection Bureau

By |2017-05-20T11:45:10-05:00March 11th, 2015|FCRA|Comments Off on Live from Newark!

Credit Card Debt Soars; Forecast Calls for More

U.S. credit card debt jumped by $ 57.1 billion - up 47% - in 2014 compared to 2013 and the forecast calls for the total to reach $ 60 billion this year, according to a new survey from CardHub. Collection & Credit Risk

By |2015-03-10T23:08:24-05:00March 10th, 2015|FCRA|Comments Off on Credit Card Debt Soars; Forecast Calls for More

Credit Card Balances at Seven-Year High; Delinquency Rates Hold Steady

The credit card delinquency rate remained steady in Q4 compared with a year earlier, while total outstanding credit card balance increased 5%. The increase indicates record growth, the highest yearly jump seen since 2008, according to a TransUnion report. Collection & Credit Risk

By |2015-02-28T18:21:48-06:00February 28th, 2015|FCRA|Comments Off on Credit Card Balances at Seven-Year High; Delinquency Rates Hold Steady

Credit Default Rates Continue Acceleration

Consumer credit default data through January shows a slight upward move in default rates from lows experienced last year, according to Tuesday’s report by S&P Dow Jones Indices and Experian. Collection & Credit Risk

By |2015-02-22T16:09:11-06:00February 22nd, 2015|FCRA|Comments Off on Credit Default Rates Continue Acceleration

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