Indiana Attorney General Greg Zoeller announced Tuesday that he is proposing new legislation in the state that would protect state residents from debt collection scams by “expanding the federal Fair Debt Collection Practices Act (FDCPA) at the state level.”
The CDIA is launching a comprehensive and flexible new Metro 2 e-Learning System to provide detailed guidance on the use of the Metro 2, the credit reporting industry’s standard reporting format.
insideARM.com today announced the winners of the seventh annual Best Places to Work in Collections. This award program is designed to identify, recognize, and honor the best places of employment in the accounts receivable management (ARM) industry, and was created and facilitated by insideARM.com and Best Companies Group. Best Places to Work in Collections 2014 is sponsored by Executive Alliance.
The National Association of Retail Collection Attorneys (NARCA) has provided a response to the Consumer Financial Protection Bureau (CFPB) proposal to make consumer narratives public.
U.S. Rep. Lacy Clay (D-Mo.) returned to ACA International’s office in Washington, D.C., on Sept. 24, 2014, for a fundraiser in support of his re-election campaign.
UK debt buyer and ARM firm Arrow Global Group said Wednesday that it is acquiring smaller rival Capquest from a private equity fund for £158 million ($258 million) on an enterprise value basis.
With its 2014 No Debts for Vets Fundraising Drive currently underway, ARMing Heroes, the collection industry’s charity for military veterans, today took a moment to spotlight Joshua Cheever, a highly-decorated combat veteran and Purple Heart recipient who was recently awarded an emergency grant from the charity.
Experienced buyers of ARM companies are looking beyond the profitability levels of selling companies before establishing their pricing level. This is most prevalent in the financial services sector, although we are starting to see this trend develop in other asset classes as well.
On Sept. 22, 2014, ACA International submitted comments urging the Consumer Financial Protection Bureau to abandon its proposal to provide consumers with the option to include unstructured narratives when submitting complaints about consumer financial products and services, including debt collection, on the CFPB’s public-facing Consumer Complaint Database.
Last week at DCS 2014, I presented on the topic “Where is the ARM Industry Heading” during the Fast Tracks segment. Living up to its name, Fast Tracks is intended to provide the audience with quick bursts of information on specific topics.