BillingTree®, the leader in on-demand payment processing technology, today announced a suite of new solutions that allow auto finance companies to expand mobile payment options to consumers, and to manage and extend customer relationships beyond their initial purchase through digital marketing promotions and value-added customer service.
The second annual Large Market Participant Summit 2014, hosted in Washington, DC by insideARM.com, began Thursday morning with a presentation and Q&A session from Tom Pahl, Managing Counsel in the Office of Regulations at the CFPB.
Pahl will be a key member of the legal team that oversees debt collection rulemaking after the Bureau’s advance notice of proposed rulemaking (ANPR) comment period closes
The CFPB has not yet spelled out specific expectations for critical components of complaint-management programs to guide firms as they re-engineer every aspect of their programs, from intake and data capture to governance, reporting, and systems. The most fundamental element of these programs remains the hardest issue to resolve: What exactly is a complaint?
The Consumer Financial Protection Bureau (CFPB) Thursday ordered a Missouri mortgage lender, Fidelity Mortgage Corporation, and its former owner and current president, Mark Figert, to pay $81,076 for funneling illegal kickbacks to a bank in exchange for real estate referrals.
2014 will be a breakout year for the U.S. economy as private-sector demand accelerates and fiscal drag eases, according to the Economic Advisory Committee of the American Bankers Association.
A former officer at Washington Mutual Bank late last week waived his right to indictment and entered a guilty plea to receiving kickbacks from a debt collection agency while he was in charge of the bank’s collection agency outsourcing network.
After several large settlements with consumer lending organizations, mostly over mortgage and credit card practices, what’s next for the Consumer Financial Protection Bureau?
The New York Times explored this very question in a piece detailing what the Bureau may focus on in the near future.
Minnesota Attorney General Lori Swanson announced Wednesday that her office has filed a lawsuit against a debt buyer that specialized in demand deposit accounts (DDA). Swanson alleges that the company illegally charged interest to consumers after the accounts were purchased.
Consumer delinquencies declined significantly in last year’s third quarter as the economy improved and consumers better managed their finances, according to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin.
Lawmakers in Maryland early next year will consider a bill that would dramatically lower the allowed time debt collectors have to pursue mortgage deficiency debt collection after a home foreclosure.