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.
The 8th Circuit Court of Appeals Friday upheld a lower court’s ruling that a defendant collection agency was entitled to some $33,000 in attorney’s fees and costs in an FDCPA case found to be brought in bad faith and specifically for the purpose of harassment.
Is that interesting enough? No? Well, it involved an outspoken consumer advocate’s gloating posts on a debtor-focused message board, posts that ultimately led to the awarding of fees.
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
Credit and its need to be collected has been part of humankind’s challenges for a very long time. Educating all players on the importance of improving the credit markets – from a creditor and consumer perspective – would go a long way toward returning to a level playing field.
New York Attorney General Eric T. Schneiderman today announced that his office reached a settlement with one of the largest debt collection firms in New York State to ensure that it does not file legal actions against New Yorkers to collect on payday loans.
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.
How can The Medical Debt Responsibility Acts of 2011, 2012 and 2013 improve medical debt collections?
CBE Companies (CBE) finalized plans to open its seventh operational center world-wide, to be located in New Braunfels, Texas. This expansion accommodates large-scale growth plans, both immediate and in the near future. Through 2017, CBE plans to employ a total of 500 people in New Braunfels.