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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Collateral-Backed Lending Led to Economic Crisis: FDIC Chair
14 May 2009
U.S. Consumer Credit at Risk of Default Exceeds $33 Billion, According to Kaulkin Ginsberg Consumer Finance Report
14 May 2009
TransUnion Introduces First Generic Credit Score to Honduras
13 May 2009
Sitel Risk Management Launches New Service Offering for Small Balance Collections
12 May 2009
Australian Employment Expectations Fall to Lowest Recorded Level
12 May 2009
West Virginia AG Sues Web of Companies Over Fraudulent Credit Counseling Scheme
12 May 2009
Fewer Consumers Have Credit Card Debt but Interest Rates Rising
11 May 2009
Bernanke at Fed Meeting: More Banking Oversight Needed
8 May 2009
NY Attorney General Cuomo Announces Nationwide Investigation into Debt Settlement Industry
8 May 2009
New Horizons Debt Relief Earns Accreditation From U.S.O.B.A.
7 May 2009
The Rose Law Firm Launches ConsumerHelp911.com
7 May 2009
ASK THE EXPERTS: Specific Advice on Surviving the Downturn
6 May 2009
Executive Change: Richard Hunt Named President of CBA
6 May 2009
Solve Debts Sees Increased Flexibility by Debt Collectors
4 May 2009
Asset Acceptance Earns $4.6 million in Q1, Above Analyst Estimates
1 May 2009
Western Union, Consumer Portfolio Service and VeriSign Team to Offer Mobile Bill Payment Solution
30 April 2009
Collection Industry Index Declines Nearly 4 Percent, A Reflection Of Continuing Economic Challenges
30 April 2009
TransUnion Credit Risk Index for U.S. Consumers Reaches Record Level
29 April 2009
Veda Advantage: Australian Debt Report
29 April 2009
U.S. Economy Shrinks at 6.1 percent Pace in First Quarter
29 April 2009