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Government & Collections
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| California Restricts Taking of Homes, Properties |
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| While most of the focus on Tuesday’s elections was on Democratic presidential candidates Barack Obama and Hillary Clinton, California voters were overwhelmingly approving a law to ban government from seizing homes for private development projects, typically done through “eminent domain” procedures.The new law, Proposition 99, passed with more than 67 percent of the vote. The mea |
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| Topic: Government & Collections |
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| House Cuts Funds for IRS Privatization Program |
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| A U.S. House committee this week cut funding in next year’s IRS budget for the controversial collections privatization program, but proponents said the funds aren’t needed anymore. The House Appropriations Subcommittee on Financial Services and General Government this week unanimously approved an $11.4 billion budget for the Internal Revenue Service in fiscal 2009 but it included no |
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| Topic: Government & Collections |
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| Pioneer and ConServe Leading Collectors for ED in Second Quarter |
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| The two overall top-performers on the Department of Education’s student loan collection contract lead the way for their colleagues in the second quarter, ED reported in data released last week.Pioneer Credit Recovery was the leading collection agency on ED’s unrestricted contract, reserved for larger companies. Pioneer dominated the competition in the second quarter bringing in $64.5 m |
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| Topic: Government & Collections |
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| Ask The Experts: The ARM Industry in the Second Half of 2009 |
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| Question: How will the economy impact the ARM industry in the second half of '09? Answer: (from Mark Russell, director at Kaulkin Ginsberg. Mark explores three key elements of the ARM industry below: consumer financial health, commercial debt, and the government collection market.)ConsumersOver the past 18 months many consumers have seen their active credit card lines reduced, inactive credit card |
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| Topic: Government & Collections |
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| Inktel Direct Announces Launch of Inktel Direct Government BPO Services |
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| MIAMI, FL -- Inktel Direct, a leading provider of direct marketing services, today announced the launch of Inktel Direct Government BPO Services, a provider of business process outsourcing solutions to federal, state and local government agencies. The mission of Inktel Direct Government BPO Services is to provide local, state and federal government agencies with outsourced business solutions |
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| Topic: Government & Collections |
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| Fed Reflects on Financial Crisis and Its Root Causes |
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| The ongoing financial crisis started small, but continued to build on itself until it reached its zenith, according to studies released at the recent Federal Reserve Bank of Chicago conference on Bank Structure and Competition.“The credit crisis that began in the summer of 2007 is a powerful reminder of the importance of financial market liquidity for macroeconomic stability,” said Arv |
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| Topic: Government & Collections |
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| Pioneer and ConServe Hold On to Top Spots on ED Contract in May |
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| Pioneer Credit Recovery and Continental Service Group (ConServe) remained the top-performing accounts receivable management firms in their respective classifications on the Department of Education’s student loan collection contract in May.ConServe is also the top overall performer for the life of the contract on the small business set aside, while Pioneer holds the same spot in the unrestric |
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| Topic: Government & Collections |
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