Andersen told insideARM.com today that shifting to the self-regulatory format would give the ACA the ability to create a consistent means by which consumer complaints and potential law violations are resolved.
Rep. Carolyn Maloney (D-NY), chair of the House Subcommittee on Financial Institutions and Consumer Credit, said that she planned to offer legislation this week to curtail the rise in interest rates and fees card issuers charge to consumers.
Editor’s Note: InsideARM.com published a story on July 18 regarding RDS/Alatax and its role in distributing sales tax revenues to three local government offices in Alabama. Birmingham-based RDS/Alatax is a division of Portfolio Recovery Associates that provides revenue-enhancement support services to state and local governments. RDS/Alatax sent the following letter to the editor in response [...]
Robert L. DiGennaro, a seasoned operating executive with twenty-five years of senior-level experience in the consumer debt and collections industry, has joined Collins Financial Services, Inc., as Chief Executive Officer, the company announced today. As CEO, Mr. DiGennaro succeeds founder Walt Collins, who has been named the company’s Chairman and will remain actively involved with [...]
The Federal Trade Commission is seeking comments on the uses of Social Security numbers in the private sector to reduce the overall incidence of ID theft, which often relies on SSNs. The FTC also plans to host one or more public forums on the issue in the coming months. In issuing its strategic plan to [...]
Credit unions in three states have sold their credit card portfolios to TNB Card Services, TNB announced today, and the sales have pushed its total number of portfolios owned to 130. TNB has acquired 30 portfolios in 2007 alone. TNB Card Services has provided full-service payment processing to credit unions for over thirty years and [...]
The Federal Reserve Bank of Chicago today announced that Charles L. Evans will become the bank’s ninth president and CEO effective September 1, 2007. Evans, 49, will replace Michael H. Moskow, who will retire August 31 after 13 years as president. The announcement was made by Miles D. White, CEO of Abbott Laboratories and chairman [...]
Ontario Systems, LLC., a technology leader in debt collection software solutions, is pleased to announce an agreement with Loquendo, the global speech technology company, to power Ontario Systems’ voice messaging solution, Verified Contacts, with Loquendo’s innovative, multilingual speech technology. This technology provides Ontario Systems’ clients with the highest-quality text to speech solution featuring the most [...]
“Rajib brings a wealth of industry and technology management experience to Equifax, and we are pleased to welcome him on board,” said Smith.
Hospital operator Health Management Associates, Inc. (NYSE:HMA) today announced earnings for the second quarter of 2007. HMA reported a large drop in earnings and a big increase in bad debt. For the second quarter, HMA reported net operating revenue of $1.1 billion and net income of $11.9 million, an 84.5 percent decrease from income reported [...]