There are dramatic changes onward the horizon for the consumer credit industry and the parts of the insurance industry that deal with consumer credit.

There are dramatic changes onward the horizon for the consumer credit industry and the parts of the insurance industry that deal with consumer credit. The Office of Comptroller of the money; aggregate of coin is working on new final sways to regulate debt cancellation addendums (DCAs). With a final version of the regulations awaited soon, DCAs will quickly begin to replace traditional consumer credit insurance.

In the wake of this change, undivided expert predicts, the credit insurance industry could fall from a $6 billion premium business to a $2 billion business according to 2005, with DCAs replacing the intermission

Cancellation contracts v insurance

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