Debt Collectors and Creditors Should Take Note of $135 Million USA Discounters Settlement

On September 30, 2016 ProPublica reported on a settlement between a coalition of attorneys general representing 49 states and the District of Columbia and USA Discounters, requiring USA Discounters to pay $40 million in penalties and wipe out more than $95 million in debt for its past customers. The penalties and debt relief in the settlement cover every state except Colorado. The state of Colorado settled separately with the company. A copy of the Settlement Agreement can be found here.

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Data Security Policy Assessment Webinar - It's not too late to register

October 6 at 2pm ET - Your data security policy - and procedures that go with it - set the ground rules for your security culture and security apparatus. Do your firm's policies and procedures foster a culture of strong data security or do they leave critical gaps in your defenses? Find out in a new data security webinar designed to help you assess the adequacy of your data security policies and procedures. Click here to register.

News and Opinion

from insideARM.com

» Debt Collectors and Creditors Should Take Note of $135 Million USA Discounters Settlement

» BillingTree Closes Significant Growth Investment from Parthenon Capital Partners

» FTC Wins Largest Ever Litigated Judgment -- $1.3 Billion

» Is Marketplace Lending Still the Next Debt Collection Frontier?

» California Hospital Renews Contract With Collection Agency For Outperforming And No Complaints

» Why Debt Collectors Should Take Notice of IBM’s Acquisition of Promontory

» Will Supreme Court Provide Definitive Answer on Whether Filing Proof of Claim on Out-of-Statute Debt is an FDCPA Violation?

» Stellar Recovery adds Vice President, Business Development of Higher Education Jason Kahn

FTC Wins Largest Ever Litigated Judgment -- $1.3 Billion

According to a Federal Trade Commission announcement this morning, a federal court has found that racecar driver Scott A. Tucker and several corporate defendants in a Kansas City-based payday lending scheme violated Section 5 of the FTC Act and has ordered them to pay $1.3 billion for deceiving consumers across the country and illegally charging them undisclosed and inflated fees.

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» Director of Information Technology - Executive Alliance - Los Angeles, CA

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A Candid Conversation about Compliance - Atlanta, Georgia

13 October 2016 at 10:00 a.m.

Join the Compliance Professionals Forum for a candid conversation about compliance to make real improvements to your organization. Within a safe space, compliance professionals of all levels share their perspectives, accomplishments, and challenges. Attend this meeting to problem-solve with a team of compliance professionals and walk away with strategies that you can implement right away.

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Free Reports and Webinars

from insideARM.com

» HIPAA Critical: Are You Ready for a HIPAA Audit?

» Tackling the Growing Self-Pay Revenue Problem

» TransUnion Presents Portfolio Scoring: How a Data-Driven Strategy Can Improve Collections

» Kaulkin Ginsberg’s Spring 2016 ARM Review Executive Summary

» A Q&A for Agencies on the FCC’s 2015 TCPA Clarification

» Kaulkin Ginsberg’s 2016 Financial Services Market Intelligence Series Executive Summary

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