What is Integrated Resourcing?
The debt collection industry is facing major obstacles to profitability, including a decline in revenues due to competitive contingency rates and increased costs from payroll and compliance regulations. Revenue is a huge concern with a decrease in commission and recovery rates. The 2014 ACA Benchmarking Survey shows that the median commission rate stood at 25.6% while the 2017 Ernst & Young report states that commission fees dropped from 18.1% to 13.9% between 2013 and 2016, a decline of more than 12% in a short period of time [1].
Read the Whole Story »
A group of 12 Republican Senators have sent a letter to CFPB Director Rohit Chopra in which they urge him “to reverse course and stop using inappropriate tactics to harm financial institutions’ reputations and customer relationships in order to advance your liberal policy preferences.”
Read the Whole Story »
POTOMAC, Md. -- Women in Consumer Finance (WCF) recently renewed its partnership with industry innovator Spring Oaks Capital to support The Magic of Connection for attendees at its annual unique in-person professional development experience. This year’s event will be held December 5-7, 2022, in Palm Springs, California.
Read the Whole Story »