New Litigation Challenges CFPB’s Subpoena Authority Based on Fifth Circuit Decision Holding CFPB’s Funding Mechanism is Unconstitutional

As the industry continues to digest the Fifth Circuit’s opinion in Community Financial Services Association of America, Ltd. v. Consumer Financial Protection Bureau, which held the Bureau’s funding mechanism to be unconstitutional, new litigation illustrates the challenges that the decision creates to the CFPB’s ability to conduct oversight and enforcement.

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Tom Haag's Legacy

It is with great sadness that the Haag Family and State Collection Service share the loss of Thomas D. Haag, Chairman and CEO. He passed away in perfect peace at home on Wednesday, November 23, surrounded by his family.

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CFPB Focuses on Junk Fees, Credit Reporting, and COVID-19 Relief Funds in Latest Supervisory Highlights

On November 16, 2023,  the Consumer Financial Protection Bureau (CFPB) released a new Supervisory Highlights report, focusing on the auto servicing industry, consumer reporting, mortgage servicing, and COVID-19 relief funds. The report highlights the CFPB’s continued focus on so-called junk fees and inaccurate credit reporting.

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ConServe Cares Program Supports The Salvation Army of Rochester

ROCHESTER, N.Y. --Continental Service Group, Inc., d/b/a ConServe’s charitable giving program, ConServe Cares, allows both the employees and the organization as a whole to support a wide range of community investment efforts, thereby engaging and inspiring employees while also reinforcing ConServe’s outstanding corporate citizenship.  The October ConServe Cares program has been allocated to The Salvation Army of Rochester.

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A Candid Conversation About The Recent Sale of A Mid-size Accounts Receivable Management Firm

If you own or run a company, and you’re considering selling out or buying another company, I strongly encourage you to watch this video.

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NYC Debt Collector Rules - Amendments Proposed; Public Hearing to be Held Dec 5th

The New York Department of Consumer and Worker Protection (DCWP) is proposing to amend its rules relating to debt collectors.  DCWP will hold a public hearing to address the proposed rules at 11 am ET on Monday, December 5, 2022.

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Featured Resources and Webinars

from insideARM.com

» How to Launch an Omnichannel Collection Strategy

» 10 Steps to Drive More Profitable Collections Operations

» Breaking Down the CFPB's Opinion on Convenience Fees

» 2022 Survey Report: Explore and Understand the Modern Consumer’s Expectations

» Case Study: How Credit Service Company Used Business Intelligence to Increase Revenue without Increasing Effort

» How an Empathy-First Strategy Can Improve Your KPIs

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