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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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Bank of New York Acquiring Mellon Financial for $16.5 billion

8 December 2006

GM Completes Sale of Majority Interest in GMAC

8 December 2006

Peregrin Services Adds Staff to Meet Debt Management Solutions Demand

8 December 2006

BofA Gets Reprieve From Appeals Court on $1.5 billion Judgment

8 December 2006

IRS Audits More Millionaires and 6-figure Filers

8 December 2006

Hospitals Lean on Liens to Collect Debt

8 December 2006

Prisoner Accused of Running Identity Theft Scheme Behind Bars

8 December 2006

Experian Consumer Borrowing Study Shows Big Increase in Late Pays

8 December 2006

Schwab Sells Wealth Management Unit to BofA

8 December 2006

Rising Debt, Stress Ensnare Twentysomethings

8 December 2006

Online Resources Announces New Stored Value Gift Card Service

8 December 2006

NCO Announces Completion of Merger; Company Now Private

8 December 2006

Target has No Plans to Sell Credit Card Business

8 December 2006

Citigroup Consortium Wins $3 billion Battle for Chinese Bank

8 December 2006

ABC-Amega Wins Competitive Bid for Credit Group Management Services

8 December 2006

HCA Shareholders Approve $21.3 billion Buyout

8 December 2006

Higher Interest Rates, Declining Home Prices Put Americans at Financial Risk

8 December 2006

Lawsuit Filed Against Collector, Experian and Hospital Over Credit Reporting

8 December 2006

Alternative Credit Scoring Would Boost Mortgage Lending

8 December 2006

UK Overtakes U.S. for Personal Debt

8 December 2006

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