Credit and Collection News

October 31, 2024

Experian: Americans Are Embracing Gen AI to Make Smart Money Moves

COSTA MESA, Calif.--(BUSINESS WIRE)--New Experian® research released today highlights a strong interest among U.S. consumers in using generative AI for personal financial management. The global technology and data company surveyed consumers across the country to understand current perceptions about generative ...

Amex relaunches Velocity credit cards: what’s new?

November 5, 2024

Amex launches two new Velocity credit cards

Virgin Australia’s rolling revamp of its Velocity Frequent Flyer program now sees the return of two “refreshed” co-branded American Express Velocity credit cards. Leading the pack is the American Express Velocity Platinum card, which lets you earn status credits on ...

October 31, 2024

PRA Group Announces Amendment and Extension of North American and United Kingdom Credit Agreements

NORFOLK, Va., Oct. 31, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, announced today that it amended and extended its North American Credit Agreement on October 28, 2024 and its ...

October 31, 2024

Credit Union Collects Cash For Hurricane Relief

Arsenal Credit Union Supports Red Cross Hurricane Relief Paper Shred Event Turns Into Impromptu Fundraiser Every day, we take for granted the fact that we have shelter, can flip on electricity or can just turn on the faucet for running ...

November 3, 2024

Credit Card Interest Rates Remain High Despite Fed Cuts: Strategies for Consumers

Credit Card Rates Remain Stubbornly High Despite Fed Rate Cuts, Straining American Consumers Minimal Decrease in Credit Card Interest Rates Despite a recent half-point reduction in the Federal Reserve's interest rate, the average credit card interest rate has only decreased ...

November 6, 2024

Capital One, Discover Stocks Surge on Hope Merger Will Sail Through Under Trump

Capital One, Discover Stocks Surge on Hope Merger Will Sail Through Under Trump© Angus Mordant/Bloomberg If investors were worried that Capital One’s proposed $35 billion bid to buy Discover Financial Services would face roadblocks, the market is sending a strong ...

November 6, 2024

CMBS Delinquency Rate Nears 6%

Trepp's October report on CMBS delinquency continued the upward trend, increasing 28 basis points to 5.98%. And it all came down to the office sector. Outside of office, all the CRE property types in CMBS loans either saw lower or ...

US central bankers are still widely expected to cut the Fed’s benchmark interest rate by a quarter of a percentage point on Thursday, but traders are betting rates will only be cut twice in 2025 when Donald Trump takes office. REUTERS

November 6, 2024

Here’s why Donald Trump’s election win could mean fewer Fed rate cuts

President-elect Donald Trump’s impending return to the White House appears to put the Federal Reserve on a slower and shallower path for interest rate cuts, with a slew of new policies embraced by the Republican leader poised to juice the economy and stall, or reverse, the slowdown in inflation ...

October 31, 2024

Fiserv and Clover Serve up New Tools for Small Businesses

Fiserv has introduced a new suite of tools for small businesses. The offering, rolled out via the payments and financial services technology solutions company’s Clover point-of-sale and business management service, was designed with restaurants, retailers and service-based businesses in mind, per a ...

November 3, 2024

CFPB and the Centers for Medicare & Medicaid Services (CMS) Take Action to Stop Illegal Billing of Lowest-Income Medicare Recipients

Image by Tung Nguyen from Pixabay New statement warns healthcare providers, Medicare Advantage plans, and debt collectors about improper billing and collections November 1, 2024 - WASHINGTON, D.C. – On Thursday, the Consumer Financial Protection Bureau (CFPB) and the Centers for Medicare & Medicaid ...