Creditors News

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Auto Loan Delinquency Rates Remain Flat in Fourth Quarter 2009

While the auto delinquency rate showed no change from the third quarter to the fourth quarter of 2009, the year-over-year rate decreased over 5 percent.

Mar 4, 2010

U.S. Foreclosure Activity Decreased 10 Percent in January

For the 11th straight month, more than 300,000 U.S. properties received foreclosure filings.

Mar 4, 2010

Proposed Rule Bars Mortgage Relief Companies from Charging Up-Front Fees

The FTC proposed rule places restrictions on for-profit companies offering mortgage relief services.

Mar 4, 2010

Avoid Multiple Parties Collecting on the Same Account

Creditors and collection agencies should exercise caution to ensure only one entity engages in collection activity on a given account.

Mar 4, 2010

Nominations for the Creditors International Division Seat on the ACA Board of Directors Are Open

Nominations will be accepted through May 31, 2010.

Mar 1, 2010

Retail Sales for 2010 Forecasted to Increase

Positive economic indicators are boosting consumer confidence.

Feb 4, 2010

Bankruptcy and its Impact on Co-signers

If a primary borrower has filed for bankruptcy protection, whether a creditor or collector may attempt to collect a debt from a co-signer will depend on the type of bankruptcy filed.

Feb 4, 2010

Record Foreclosure Filings on U.S. Properties in 2009

December foreclosure actions mark the tenth straight month of over 300,000 notices.

Feb 4, 2010

Usual Weekly Earnings Summary Released for Fourth Quarter 2009

Weekly earnings increase in fourth quarter.

Feb 4, 2010

Case Summary - State Garnishment Exemptions

A judgment creditor who properly asserted its rights to garnishment is not required to include garnishment exemptions provided by state law.

Feb 4, 2010

Connecticut AG Sends Letters to Card Issuers about Raising Interest Rates

The Connecticut Attorney General asks banks and financial institutions to reverse all interest rates and fee increases since January 2009.

Jan 19, 2010

Performing Mortgages Continue to Drop

Serious mortgage delinquencies increased to 3.6 percent of prime mortgages, up almost 20 percent from the previous quarter and more than double a year ago.

Jan 7, 2010

Credit CARD Act: Are You Ready?

The majority of the Credit CARD Act’s provisions go into effect on Feb. 22, 2010.

Jan 7, 2010

Pending Home Sales Down in November

Pending Home Sales Down in November

Jan 7, 2010

Auto Delinquencies Forecasted to Fall and Rise in 2010

Auto Delinquencies are forecasted to rise 7 percent by the end of the year.

Jan 7, 2010