Since the economic downturn began in the U.S. in 2008, the fortunes of ARM companies have largely mirrored the broader business environment. Debt collection agencies are particularly susceptible to high unemployment, inflated consumer bankruptcies, and plummeting housing pricing. Combined with a general tightening of credit standards, the ARM industry is more tied to macroeconomic trends than ever before.
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Federal Court Ruling Deals Blow to Nonprofit Credit-counseling Agencies
12 September 2006
FDIC Cracks Down on Payday Lending
12 September 2006
Nigerian National Sentenced in ChoicePoint ID Theft Case
12 September 2006
Core U.S. Consumer Inflation Rises 0.2%, as Expected
12 September 2006
Core Inflation is One Constant in Economy
12 September 2006
Barclays 2005 Profit Up But Bad Debts Weigh Heavy
12 September 2006
Mortgage Fraud Soars
12 September 2006
Counties Sending Check Bouncers to School
12 September 2006
American Express Suspends Credit-card Issuance in Taiwan Over Defaults
12 September 2006
California Sues H&R Block over Refund Loans, Claims Deceptive Collection Practices
12 September 2006
Financial Education Push Launched for U.S. Troops
12 September 2006
Cerberus Group takes Lead in GMAC Talks
12 September 2006
U.S. Purchase Mortgage Activity Falls to 2-year Low
12 September 2006
Consumer Sentiment Fades in February
12 September 2006
E-Loan Founder Launches Person-to-Person Online Loan Service
12 September 2006
Washington Mutual Settles Class-Action Collection Practices Suit
12 September 2006
Suicides Prompt Government Action on Debt Collectors
12 September 2006
Wachovia-Westcorp Deal gets Final Approval
12 September 2006
Santander gets Antitrust OK for Wells Fargo Unit Acquisition
12 September 2006
Fed's Fisher says U.S. Savings Rate will Improve
12 September 2006