Total U.S. card balances hit $916 billion in September 2022 — almost identical to where they were in December 2019, according to a new report from credit rating agency Equifax. Balances have risen 9% year to date and are up roughly 23% from their pandemic low in April 2021, the Wall Street Journal reported.
Resource Management Services, Inc. started in business in 1986 to audit and consult with creditors regarding their third-party vendor management and oversight. We continue to provide those auditing and consulting services. Our first newsletter was called Agency Examiner, and we’re going back to our roots with the AgencyExaminer.com site. Watch for more in the way of news you need to know, profiles of agencies, attorneys, vendors, etc, AND more resources and content. We continue to be here for you – with the information and sources for oversight, management, operations and new technology in the collection and recovery space. Bookmark us at https://agencyexaminer.com (Agency Examiner) Or sign up for our twice weekly 3-news – it’s Wednesdays and Fridays – and it’s complimentary. Sign up here: Subscribe to Newsletter | Agency Examiner
As the regulator questions the bank’s hiring practices, Wells Fargo also seeks to settle with a consumer watchdog on lending practices.
ALEXANDRIA, Va. (Nov. 1, 2022) – The National Credit Union Administration today released the results(opens new window) of the 2021 Credit Union Diversity Self-Assessment (CUDSA). The NCUA administers the voluntary CUDSA as a tool to help federally insured credit unions assess, guide, and monitor their diversity, equity, and inclusion (DEI) efforts and compare their progress with peer organizations.
The Consumer Financial Protection Bureau has responded to a request to dismiss an enforcement action from TransUnion, signaling its stance on challenges to the constitutionality of the bureau’s funding structure.
.jpg)
.jpg)