Three of the largest publicly traded debt collection companies—Encore Capital Group, Navient and PRA Group—recently held their Q3 2023 earnings calls. As public companies with required market disclosures, their earnings calls offer an opportunity to glean macro-insights on the collections world and the economy in general.
High interest rates have had a significant impact on the mortgage market and their effect is likely to continue as rates continue to increase, the Consumer Financial Protection Bureau (CFPB) said in a report.
ALEXANDRIA, Va. (Nov. 16, 2023) – The National Credit Union Administration Board held its tenth open meeting of 2023 and approved a final rule that amends the charitable donation accounts section of the NCUA’s incidental powers regulation. In addition, the NCUA’s Chief Financial Officer briefed the Board on the performance of the National Credit Union Share Insurance Fund for the third quarter of 2023.
The Federal Trade Commission is announcing the Voice Cloning Challenge to help promote the development of ideas to protect consumers from the misuse of artificial intelligence-enabled voice cloning for fraud and other harms.
The Federal Trade Commission has provided the Consumer Financial Protection Bureau (CFPB) with its annual summary of activitiesto protect consumers in the debt collection arena.
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