TrendSource Trending Blog

This week, TrendSource OnSite Inspections debuted its new digital ordering process, which allows companies to quickly sign up and order OnSite Inspections for Consumer Reporting and Remote I-9 Verification Services. 

TrendSource is a premier provider of OnSite Inspections for Consumer Reporting, and one of only a few companies whose Inspections are authorized by all three credit bureaus (Experian, Equifax, and TransUnion).

Experts from multiple industries are forecasting a dramatic upswing in auto loan defaults and repossessions. John Van Alst of the National Consumer Law Center, for example, says that his agency has “certainly seen an uptick in defaults and delinquencies.”

New unemployment claims sank below 700,000 last week for the first time since the pandemic began. At 684,000 total new claims, last week’s low was nearly 100,000 less than the previous week, which saw 781,000 new claims filed.

We have written a lot about the economic strain many Americans continue to face as the pandemic (hopefully!) winds down. We recently noted how debt postponed during the worst stretches of lockdown will soon come due, leading to a spike in foreclosures and auto repossessions. Things are about to be unbelievably difficult for a lot of people, and the compliance industry must help to make these experiences as painless as possible by following federal regulations and industry best practices.