Bulletins from the CFPB often function as rule-making, even though bulletins aren’t technically the way the CFPB conducts rule-making. Both bulletins and consent orders, though, should be viewed by all in the industry as the “writing on the wall,” so to speak. They show the agency’s current line of thinking, and give those companies in the debt industry a map of compliance.
Phoenix, Ariz. – BillingTree®, a leading payment solutions provider, experienced strong growth during its first full year of operations under CEO Edz Sturans. The company continued its expansion as a developer of software and technology plus merchant services provider within key industries including ARM, Personal Finance and Healthcare collections. Total payment processing volume exceeded $2 billion for […]
JACKSONVILLE, Fla. – Laurie Nelson, Autoscribe Corporation’s General Counsel and Chief Compliance Officer, has been named to the Jacksonville Business Journal’s inaugural class of ultimate attorneys. Laurie has also been recently awarded in the Stevie Awards for Women in Business and the Best in Biz awards. Autoscribe Corporation has more than two decades of innovation and […]
CEDAR FALLS, IA – The Electronic Funds Transfer Act (EFTA) and its implementation of Regulation E affects a large number of businesses on a daily basis. According to the regulation, authorization is required in order to process recurring electronic fund transfers (EFT). For companies that conduct most of its business over the phone, obtaining authorization […]
JACKSONVILLE, FL – Autoscribe Corporation, provider of PaymentVision and Lyons Commercial Data, has been named a silver winner in the Best in Biz Awards, the only independent business awards program judged by members of the press and industry analysts. Autoscribe Corporation – also a recent winner in the Stevie Awards, Inc. 5000 List, Jacksonville Business Journal BizTech […]
This week the CFPB issued a Compliance Bulletin concerning the Electronic Fund Transfer Act and Regulation E requirements for obtaining a consumer’s authorization for preauthorized electronic fund transfers. The Bulletin also outlines the CFPB’s compliance expectations.
The Federal Trade Commission (FTC) announced last week that, following a public comment period, they have approved final amendments to a Telemarketing Sales Rule (TSR), including a change that will help protect consumers from fraud by prohibiting four discrete types of payment methods favored by con artists and scammers. “Con artists like payments that are […]
Wixom, Mich. – “Trends to Watch for 2016”, a Webinar sponsored by RevSpring, will occur on November 12 at 2 p.m. EST. It will explore the major communication technology trends that will impact the credit and receivables industries in the coming year. The Webinar will dig into three key topics: Electronic Signatures IVR to Boost Payments […]
JACKSONVILLE, FL – Laurie Nelson, PaymentVision’s Chief Compliance Officer and General Counsel, was named a Finalist in the Female Executive of the Year (Business Products) category in the 12th annual Stevie® Awards for Women in Business, and will ultimately be a Gold, Silver, or Bronze Stevie Award winner in the program. The Stevie Awards for […]
Recurring payment arrangements sound simple — deceptively so, as it turns out. The hard part for debt collectors is understanding the unique consent requirements associated with preauthorized electronic funds transfers. John Bedard of the Bedard Law Group takes a in-depth look at EFTA problems facing the debt industry.