finanzen.net
16.08.2019 16:00
Bewerten
(0)

Tightening Credit Management: Third Party Collections Augment Bank Card Issuers' Strategies to Control Loss

BOSTON, Aug. 16, 2019 /PRNewswire-PRWeb/ -- The Consumer Finance Protection Bureau is in the process of modernizing the Fair Debt Collection Practices Act (FDCPA), which is an appropriate move for the credit card industry. It is the perfect time for credit card issuers to consider their current collections strategies while the economy is performing well. Mercator Advisory Group's latest research report, Credit Card Charge-Off Collections Takes Brains not Brawn The report explains the importance of third-party collection agents and why proposed regulatory updates are appropriate for the U.S. credit card business.

Readers will learn how the credit card aging process works, why third-party agencies help manage financial institution account overflow, and how the FDCPA creates guard rails for the industry.

"The timing of the original Fair Debt Collection Practices Act was perfect. Revolving debt in the U.S. hit $50 billion," comments the author of the research report, Brian Riley, Director, Credit Advisory Service at Mercator Advisory Group. "Today, the U.S. credit card market has more than $1 trillion of revolving debt. Loss rates are at normal levels, yet more than 1 million U.S. cardholders end up at collection agencies each year. FDCPA was born in a world before cellphones, email, and texts. FDCPA 2.0 addresses all these functions and curtails litigation in zombie debt. Both are appropriate next steps," says Riley.

Highlights of the research report include:

  • A thorough explanation of credit card aging
  • Bankrupcy trends (2006–2019F)
  • Revolving debt trends in the U.S. (1968–2027F)
  • Charge-off rates for U.S. credit cards (2006–2023F)
  • Percentage of U.S. consumer accounts placed at collection agencies (2006–2018)
  • Regulatory controls impacting third-party collections
  • Customer complaints about collections by type
  • Collection process flow

This research report contains 22 pages and 11 exhibits.

Companies and other organizations mentioned in this research report include: ACI Alorica, Banco Bradesco, Citi, Encore Capital Group, Equifax, Experian, Expert Global Solutions,FICO, NCO, Portfoliio Recovery Associates, PRA Group, TransUnion

Members of Mercator Advisory Group's Credit Advisory Service have access to these reports as well as the upcoming research for the year ahead, presentations, analyst access, and other membership benefits.

For more information and media inquiries, please call Mercator Advisory Group's main line: 1-781-419-1700, or send email to media (at) mercatoradvisorygroup (dot) com.

For free industry news, opinions, research, company information and more, visit us at http://www.PaymentsJournal.com.

Follow us on Twitter @ http://twitter.com/MercatorAdvisor.

About Mercator Advisory Group

Mercator Advisory Group is the leading independent research, and advisory services firm exclusively focused on the payments and banking industries. We deliver pragmatic and timely research and advice designed to help our clients uncover the most lucrative opportunities to maximize revenue growth and contain costs. Our clients range from the world's largest payment issuers, acquirers, processors, merchants and associations to leading technology providers and investors. Mercator Advisory Group is also the publisher of the online payments and banking news and information portal PaymentsJournal.com.

 

SOURCE Mercator Advisory Group

Werbung
Werbung
Börse Stuttgart Anlegerclub

Die richtige Strategie für die Börsenkrise

Stecken Sie nicht den Sand in den Kopf, sondern kaufen Sie die richtigen Aktien. Erfahren Sie im aktuellen Anlegermagazin mehr über attraktive Qualitätsaktien und zyklische Aktien
Kostenfrei registrieren und lesen!

Heute im Fokus

DAX geht fester aus der Woche -- US-Börsen schließen lustlos -- Kone schlägt thyssenkrupp-Beteiligung bei Aufzugfusion vor -- Goldman Sachs kappt Apple-Kursziel -- VW, Deutsche Bank im Fokus

TLG Immobilien will weitere Anteile an Aroundtown. Google, Amazon & Co. betroffen: US-Abgeordnete fordern interne Unterlagen von Tech-Konzernen ein. Bundesregierung ist gegen Einführung von Facebooks Kryptocoin Libra. Londoner Börse lehnt 35-Milliarden-Euro-Offerte aus Hongkong ab. RIB Software hebt Prognose für 2019 an.

Umfrage

Sind Sie in Gold investiert?

Online Brokerage über finanzen.net

finanzen.net Brokerage
Handeln Sie für nur 5 Euro Orderprovision* pro Trade aus der Informationswelt von finanzen.net!

ETF-Sparplan

Oskar ist der einfache und intelligente ETF-Sparplan. Er übernimmt die ETF-Auswahl, ist steuersmart, transparent und kostengünstig.
Zur klassischen Ansicht wechseln
Kontakt - Impressum - Werben - Pressemehr anzeigen
Top News
Beliebte Suchen
DAX 30
Öl
Euro US-Dollar
Bitcoin
Goldpreis
Meistgesucht
Microsoft Corp.870747
Deutsche Bank AG514000
Daimler AG710000
Scout24 AGA12DM8
Apple Inc.865985
Amazon906866
Allianz840400
Wirecard AG747206
BMW AG519000
TeslaA1CX3T
E.ON SEENAG99
BASFBASF11
Ballard Power Inc.A0RENB
CommerzbankCBK100
adidasA1EWWW