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Category Archives: Blog with BEBdata
July 2015 QR Code
Have you scanned your July QR Code from BEB-Business Extension Bureau’s 2015 calendar?
We have a special message for you!
You can also click here to see it!
Bankruptcy abuse act, a decade later
For bankruptcy practitioners, it’s hard to believe that it’s been 10 years since the Bankruptcy Abuse and Consumer Protection Act (BAPCPA) went into full effect in October 2005. Read more…
Consumer Bankruptcy Filings Inch Up
The number of new bankruptcy filings made last month was up minimally on a month-over-month basis, though activity slowed from a year earlier.
Businesses and consumers made 69,723 bankruptcy filings during June. Activity crept up from the previous month, when there were 69,286 fillings.
But despite the modest deterioration, U.S. Bankruptcy Courts were hit with fewer filings than in June 2014, when the total was 73,855. Read More
Personal BK in a Post-ACA World
The U.S. Supreme Court just put its stamp of approval on the Obama administration’s health-care reform, and a Boston law professor thinks he knows what will happen next.
In his 2014 study, Northeastern University law professor Daniel Austin dug into personal bankruptcy filings to figure out what happened after Massachusetts lawmakers made health insurance mandatory in 2005.
His findings? Massachusetts residents who file for bankruptcy protection these days have way less medical debt compared to the rest of the country. The typical Massachusetts person or couple who filed in 2013 had $3,041 in medical debt, while people everywhere else had an average of $8,594 in medical debt. Read More
June 2015 QR Code
Have you scanned your June QR Code from BEB-Business Extension Bureau’s 2015 calendar?
We have a special message for you!
You can also click here to see it!
Auto Loans Hit Q1 Record
Worries that auto lenders were again back to their old ways of writing risky loans may prove to be unfounded. The percentage of subprime loans is now falling.
Subprime or deep subprime loans made up 19.7% of the market in the first quarter, the lowest percentage since 2012, EA reports.
Yet with employment strong across the country and new cars costing more, auto loans are reaching record levels. They hit $905 billion in the first quarter, up 11.3% from a year ago.
In addition, the number of borrowers who fell 30 days behind in their payments fell 4.1% from a year ago. Those behind 60 days went down 3.2%.
“The current stability in the automotive loan market is a testament to consumers making timely payments on outstanding loans, which is evident in the improvement in delinquency rates,” says Melinda Zabritski, senior director of automotive finance.
READ MORE
Subprime loans fall
Subprime and deep subprime auto loans in the first quarter dropped to their lowest share of the market since 2012, Automotive Data Experts said this week.
Together, subprime and deep subprime loans made up 19.7 percent of the market, compared with their 19.6 percent slice three years earlier, according to the source’s first-quarter State of the Automotive Finance Market report.
The Data Source defines the subprime risk category as credit scores of 501 through 600 and the deep subprime category as scores of 300 through 500.
“Over the last year, there has been a tremendous amount of conversation around the growth in subprime loans, and the concern over the automotive finance industry approaching a potential ‘bubble,’” the senior director of automotive finance, said in a statement on Monday.
BEB Awarded BBB Winner of Distinction
Houston – We are so proud to announce that Business Extension Bureau is this year’s recipient of the Houston Better Business Bureau’s Awards for Excellence.
Today we were presented with a Winner of Distinction statue as recognition of our company’s commitment to quality in the workplace and superior service to the community and businesses served. Less than .2% of companies in the Houston area are honored with this prestigious award!
Judges base their decision on 10 factors surrounding each business which include changes within an industry and how the company has adapted to those changes, how the organization stays on top of the latest processes, technology and trends, and how the business has contributed to the betterment of their industry.
Competition was fierce and over 1,000 people were in attendance of the sold out, main event held on May 13, 215 at the Bayou City Event Center. We are honored to have received such a prestigious award
CEO, Ron Royall (L) and Executive VP, Ro Royall (R) were in attendance to receive this amazing award
Over 1,000 people were in attendance at this year’s 2015 BBB Awards of Excellence Event
USPS Rate Hike Approved
After three tries, the Postal Regulatory Commission (PRC) finally approved the proposed prices and classifications for Standard Mail, Periodicals, and Package Services yesterday.
The new pricing and classification changes for all market-dominant mail classes and competitive products take effect on May 31, 2015. Below are the new rates:
Would you like a 2015 BEB POSTAL RATE CARD? These cards are double sided with nonprofit rates on one side, and for profit Standard & First-Class rates on the other. They also include handy dimension minimums/maximums and other mailing requirements. Printed on sturdy card stock and measuring at 9″ high X 8″ wide, these cards are excellent reference material and they are FREE! If you would like one mailed to you, click here.