Wells Fargo eliminated 192 auto finance loan collections employees from a Kansas City site, reports the Kansas City Business Journal.



The news source says the financial institution offloaded the collections work to other Wells Fargo sites nationwide. Eliminated employees will receive severance… Continue

Today, the government agency announced the launch of a new portal that will help consumers file comments and complaints to the FCC faster, among other functionality. Indeed, with the launch of the new portal -- dubbed the Consumer Help Center -- the "File a Consumer Complaint"… Continue

CollectionTechnology.net, AutoFinanceNews.net's sister site, starts a new chapter this week as AccountsRecovery.net. Continue

Much like the Energizer Bunny, it's the extension that just keeps on going.

Slated to be enforced on June 1, the Federal Trade Commission has pushed back its Red Flags Rule deadline to Dec. 31, 2010, while Congress contemplates legislation that "would affect the scope of entities covered by the Rule," according to the commission. Continue

Signs of financial improvement are what everybody wants, but it's been some time to see any. Today delivers one small gem. Well, kind of. The unemployment rate inched down to 10% in November, down from 10.2% in October. The number is still huge, but at least the unemployment rate took a decline hiatus in November.



In December 2007 -- the beginning of the recession -- the number of unemployed persons was 7.5 million, and the jobless rate was 4.9%.…



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