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Legal collections took a backseat to other financial processes in the wake of the recession. But with the job market showing strength and the related assumption that defaulting borrowers are regaining the capacity to pay back debt, its expected collection revenue via litigation will grow in 2016.
February 16 -
Digital is a big reason why the biggest banks have moved ahead of regional banks in satisfaction surveys, but there are several others, a J.D. Power & Associates executive says.
February 16
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Bank of America awarded Chief Executive Officer Brian Moynihan $16 million for his work last year, raising his compensation 23%.
February 12 -
American International Group is expanding bets on property lending and safe fixed-income securities after hedge-fund investments soured.
February 12 -
The Chicago, Des Moines and Cincinnati FHLBs have grown their life insurance company membership the most in recent years.
February 12 -
Low borrowing costs and rising home values are just two of several reasons owning a home is far less burdensome than it was a decade ago.
February 12 -
Fannie and Freddie have been selling pools of delinquent mortgages at auction to the highest bidders. Community groups say the Federal Housing Finance Agency should be giving preferential treatment to nonprofits and community development financial institutions.
February 12
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The IRS won't meet the March 1 deadline to sign contracts with private debt collection agencies to collect unpaid tax debt.
February 12 -
SunTrust is turning to fintech to help it provide better payments solutions to its business customers. The approach is novel because so much of fintech innovation centers on overhauling retail banking.
February 12 -
For the second year of their Financial Solutions Lab competition, the Center for Financial Services Innovation and JPMorgan Chase are looking for companies that would help people prepare for and weather financial shocks.
February 12
