Ultimas Notas

I2CREDIT Nº 1

Collectors face a challenge with increased amounts of delinquent accounts

Opportunity for overseas services in Latin America
The enormous debt and credit card delinquency levels were the mainstay of the Miami-held 6th Latin American Congress on Credit and Collections. These debts could reach 55 million dollars in 2009.

Por: Laura Rivera | Mercado de Dinero USA

Mortgage activity surges at US banks

US banks are having trouble handling a surge of mortgage applications spurred by dramatically lower interest rates, after record loan defaults and thousands of job cuts have stretched mortgage industry resources to the limit.

Por: Saskia Scholtes in New York | Financial Times (Copyright The Financial Times Limited 2008)

Retailers Want In on Stimulus Plan

The country's largest retail trade association asked President-elect Barack Obama Tuesday to add a series of sales tax-exempt shopping days to a coming economic stimulus package in an effort to revive consumer confidence and spur spending.

Por: Ann Zimmerman

Tougher rules for credit card issuers in works

Washington - Cash-strapped consumers can expect a special delivery this holiday season: sweeping new rules on credit cards.
Federal regulators will unveil final rules within the next several weeks to restrict credit card practices seen as unfair or deceptive. Proposals would prohibit institutions from practices such as increasing rates on an outstanding balance, except under limited circumstances; applying consumers’ payments over the minimum so as to maximize interest charges; and giving consumers an unreasonably short time to make payments.

Por: Ruth Mantell | McClatchy Tribune

Lose Confidence in Your Bank? Turn to the Web

When the financial sector took a dive this fall, the entrepreneurs behind a new batch of personal finance sites worried that they were in the wrong place at the wrong time.
After all, if people no longer trusted their banks, why would they trust some start-up with their most private financial information?

Por: Claire Cain Miller | The New York Times

Top Two Successful Credit Card Debt Recovery Strategies

The senior executives of many card issuers are increasing their expectations of recovery operations as more recovered dollars are contributing to reported earnings. At the same time, the challenges
facing recovery executives, such as increased chargeoffs, lower collectability in contingency networks, and lower proceeds from debt sales, are making such expectations more difficult to meet.

Por: Kaulkin Media

Anatomy of a Meltdown, Ben Bernanke and the financial crisis.

Some are born radical. Some are made radical. And some have radicalism thrust upon them. That is the way with Ben Bernanke, as he struggles to rescue the American financial system from collapse. Early every morning, weekends included, Bernanke arrives at the headquarters of the Federal Reserve, an austere white marble pile on Constitution Avenue in Foggy Bottom.

Por: John Cassidy | The New Yorker