Stoneleigh Recovery Associates (SRA) today announced that it has earned the highly-regarded designation of Certified Professional Receivables Company (CPRC) after completing the comprehensive national standards contained in DBA International’s certification program. These standards have been recognized for exceeding state and federal laws and regulations through a series of stringent requirements that stress responsible consumer protection […]
Compliance professionals, no doubt, are doing a lot of “I Told You So!”s. Their’s is among the toughest jobs in the industry: they’re not a profit-maker and they almost always have a hundred reasons why a collection agency can’t do something that the owner is convinced will make more money. So is the latest from the CFPB enough to get collection agency owners’ and operators’ attention?
CBE Companies Chairman and Chief Executive Officer Tom Penaluna earned the Fulfilling the Vision of One award from the Greater Cedar Valley Alliance Thursday for his continued leadership in the Cedar Valley. Penaluna committed to growing leaders Penaluna has led CBE for 35 years, growing the company from 25 employees to more than 1,600 today. Along the […]
I am so “over” Las Vegas. I am not a gambler. Plus, since I have the well-earned title of being THE DULLEST PERSON IN THE ARM INDUSTRY, all of the glitter and glamour of Las Vegas is lost on me. Lastly, time away from home has become less attractive. I like being at home. Shorter trips are better for me, and I hear the same from many of my colleagues.
We can expect to hear more rhetoric from both sides in the ramp-up to the 2016 presidential elections. Democrats will want to focus the conversation on consumer protections — from reforms in debt collection to reforms in lending (specifically, yesterday’s story about payday lending). Republicans will focus largely on what they see as a regulatory body with no supervision, and will likely frame the conversation in terms of a need for smaller government.
The proposals under consideration would include two ways that lenders could extend short-term loans without causing borrowers to become trapped in debt. Lenders could either prevent debt traps at the outset of each loan, or they could protect against debt traps throughout the lending process. Specifically, all lenders making covered short-term loans would have to adhere to one of several requirements.
Since it’s clear that change is really the only dependable constant any ARM company can rely on, it makes sense to develop solid solutions to manage those changes. What, specifically, is your company doing to manage change, rather than being managed by change?
The Telecom Risk Management Association, better known as “TRMA”, is an exclusive and well known Association dedicated to the mitigation of risk amongst the country’s wide range of Telecom organizations. Twice a year, these organizations meet with their suppliers and an elite group of Business Affiliates in the collections space to discuss industry trends that […]
ARMing Heroes (www.armingheroes.org), the collection industry’s charity for military veterans, today announced the addition of Dexter Smith, President of Credit Adjustments, Inc. (www.credit-adjustments.com – CAI), to its board of trustees (“the board”). With over 28 years of experience in the collection industry, Dexter brings a wealth of knowledge and expertise to the board, promising to […]
This year’s first quarter has already seen many important developments for the ARM industry, from the Department of Education’s announcement that it will end its relationship with five prominent debt collection agencies, to stricter regulations for New York State as a whole. What’s next? Join Kaulkin Ginsberg President and CEO Mike Ginsberg and Ontario Systems […]