Payments Industry Trends

Online Debt Negotiation Tools: Reduce My Compliance Risk and Make More Money?
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Topics: Electronic Payments, Payments Industry Trends, Payments Compliance, Retail Payments, Urgency Payments

As we all know, there is a significant shift in today’s consumers’ preferred method of communication.  Most consumers would rather avoid the direct dialogue with a live agent call, and the idea of any mail that is not email seems ancient.  As collections firms derive methods and develop strategies to accommodate this shift, the benefit that have resulted from this change should not be overlooked.

Read More > November 12, 2019

2017 CFPB Report Trends

Topics: Merchant Processing, Payments Industry Trends

The Consumer Financial Protection Bureau, or CFPB, is a government agency responsible for consumer protection in the financial sector. In 2017, the CFPB received an average of more than 24,000 complaints per month. Here are the most notable CFPB complaint trends of 2017.

Read More > June 5, 2018

Delinquencies On the Rise in CFPB’s Consumer Credit Market Report

Topics: Payments Industry Trends, Payments Compliance

Credit cards play a critical role in America’s economy, In 2009, Congress passed the Credit Card Accountability Responsibility and Disclosure Act (the CARD Act) to ensure that credit issuers and…

Read More > January 18, 2018

CFPB Reports a Drastic Increase In Riskier, Longer-Term Auto Loans

Topics: Payments Industry Trends, Payments Compliance

As the country recovered from The Great Recession, the auto industry led the industrial-sector back to best-ever sales numbers in 2017. Part of its resurgence was due to a shift…

Read More > December 19, 2017

Managing America’s Student Loan Debt

Topics: Payments Industry Trends

Since 2013, the Consumer Finance Protection Bureau (CPFB) has received thousands of comments about America’s student loan practices. The agency’s oversight and interventions can’t come soon enough, as the country’s…

Read More > December 15, 2017

CFPB’s October Complaint Report Focus: Service Members & Financial Services Industries

Topics: Payments Industry Trends, Payments Compliance

Since its inception in 2010, the Consumer Finance Protection Bureau (CFPB) has been overseeing the ongoing activities of America’s financial products & services markets. Acting as both an administrator and…

Read More > November 28, 2017