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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Wachovia Reports $24 billion Loss in Third Quarter
22 October 2008
Second Economic Stimulus Plan Gets Bernanke Blessing
21 October 2008
Provident to Buy $42 million in Chevy Chase Bank Deposits in Baltimore
16 October 2008
Survey of Financial Institutions on Credit Crisis
13 October 2008
Composure While Under Pressure
10 October 2008
Citigroup Abandons Wachovia Fight; Will Seek Damages
10 October 2008
TouchStar Acquires FacetCorp for its Innovative Phone System
10 October 2008
More Small Retail Businesses Report Inflationary Pressures
9 October 2008
Australia?s Debt Divide
9 October 2008
Consumer Credit Falls in August for First Time in 10 Years
8 October 2008
Discover U.S. Spending Monitor Down 2.2 Points as Consumer Confidence Falls
8 October 2008
Global Central Banks Intervene; Fed Cuts Interest Rates
8 October 2008
Wachovia, Citigroup and Wells Fargo Agree on Litigation Standstill
7 October 2008
Bailout Gives Government 60 Day Ultimatum to Help Homeowners
6 October 2008
Australian Business Leaders Predict Tough Times for Rest of 2008
6 October 2008
Buffalo Debt Collector Arrested for Identity Theft
6 October 2008
Credit Card Charge-Offs Could be the Economy?s Next Big Drag
6 October 2008
Wells Fargo to Acquire Wachovia Instead of Citigroup, But?
3 October 2008
Consumer Loan Delinquencies Up Slightly in Second Quarter 2008: ABA
3 October 2008
Economy Loses 159,000 Jobs in September
3 October 2008
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