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Navigating Rising Credit Delinquencies and Lending Challenges

November 2024

Consumers are facing a troubling rise in credit delinquencies alongside a slowdown in new lending activity. Factors such as inflation and increased living costs are straining household budgets, with only 44% of Americans able to…

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AI & Automation Leading the way for the Shifting Collections Industry

November 2024

The debt collection industry is on the brink of a transformative shift, where adapting to digital innovation and heightened regulatory demands is no longer optional—it’s essential for survival. One major trend is the rise of…

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Judges Argue Legal Finance Disclosure is Unnecessary for Justice

October 2024

At the ILFA 2024 conference, a panel of judges emphasized that mandatory legal finance disclosure is unnecessary and could harm litigation efficiency. Judges highlighted that such disclosure rarely addresses conflicts of interest and disrupts case…

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Complex Warranty Claim Processing Drives 3rd Party Growth

October 2024

A recent study by WarrCloud shows the cost of processing new auto warranty claims increased by 28% since 2020. Processing a single claim now takes 47% more time, with dealerships seeing a 17% rise in…

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Rate Cuts and Economic Relief Create Opportunity for Home Service Providers

October 2024

Jobber’s 2024 Q2 Home Service Economic Report highlights that the Home Service industry experienced modest growth, primarily driven by an increase in average invoice size. The industry is expected to grow in the second half…

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