Lawsuits against ARM firms citing violations of the FDCPA increased slightly in July, but were still on pace to finish far below the number filed in 2013. TCPA lawsuits also bucked their 2014 trend by decreasing on a month-over-month basis, but still remain on pace to grow significantly for the year.
Mazume Solutions, a leading provider of consulting services to the Credit and Collections industry, has announced the launch of its new portfolio of Managed Service offerings.
A recent Circuit Court opinion examined the issue of what constitutes adequate verification in the context of multiple requests for validation by the consumer focused on a specific portion of a debt. While it has been argued that the case requires a debt collector to provide itemized statements whenever any request for validation is received, this interpretation is not borne out by a careful reading of the case and other applicable precedent.
Mike Ginsberg, President and CEO of Kaulkin Ginsberg, and Rozanne Andersen, Chief Compliance Officer of Ontario Systems, will host their Q3 2014 webinar for ARM professionals on Wednesday, September 24, 2014 2:00-3:30 P.M. Eastern Daylight Time.
Today, ARMing Heroes shared the stories of three military veterans and their families whose dire circumstances warranted an emergency grant over the last few months through this program:
A business group headed by former Minnesota Governor Tim Pawlenty has launched a public relations campaign against the CFPB’s open access complaints database. A new proposal from the agency to include consumer narratives appears to be the impetus for the action.
Compliance is a word that’s in danger of disappearing – not because no one is using it, but because it’s seen too often. But rather than viewing it as a burden, ARM firms should be aware it can drive revenue and profit.
SquareTwo Financial, a leader in the $100 billion asset management and recovery industry, has promoted John Lowe, CFA, CPA, to senior vice president and chief financial officer. In this role, Lowe will lead the corporate controller’s office, decision sciences, internal audit, treasury, financial planning and analysis, and technical and financial accounting teams.
On Aug. 14, 2014, ACA International submitted extensive comments on a revised proposed debt collection rule issued by the New York State Department of Financial Services
In a very long feature article running in The New York Times Magazine, author Jake Halpern explores the world of debt brokers and buyers through the eyes of two veteran collection professionals.