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

Revolving Credit Falls; Overall Credit Grows

Revolving consumer credit, which is mostly made up of credit card loans, fell in November by the largest amount in a year, according to a report Thursday from the Federal Reserve Board. Collection & Credit Risk

By |2015-01-10T23:52:51-06:00January 10th, 2015|FDCPA|Comments Off on Revolving Credit Falls; Overall Credit Grows

Consumer Default Rate Falls to 10-Year Low

Default rates fell slightly in July to the lowest mark in more than 10 years, according to the S&P/Experian Consumer Credit Default Indices released Tuesday. Collections - Credit Card

By |2014-08-19T21:27:11-05:00August 19th, 2014|FCRA|Comments Off on Consumer Default Rate Falls to 10-Year Low

Citigroup to Pay $7B Fine; Profit Falls

Citigroup, the third-largest U.S. bank by assets, will pay roughly $ 7 billion in fines and consumer relief to settle an investigation into risky subprime mortgages and resolve government claims that it misled investors about the quality of mortgage-backed bonds sold before the 2008 financial crisis. Collections - Other Consumer

By |2014-07-18T09:44:32-05:00July 18th, 2014|FCRA|Comments Off on Citigroup to Pay $7B Fine; Profit Falls

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