Next on the CFPB's Firing Line? TransUnion

Last week CFPB Director Chopra accused the credit bureaus of being a cartel.  This week, the CFPB is singling out TransUnion.

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Belvista Software LLC Announces Expanded Consulting Services

ROCHESTER, N.Y. -- Belvista Software President Christopher Ball is pleased to announce the promotion of employee Jacob Liddle to Manager of Consulting Services in what is anticipated to be the company’s first step in the expansion of its consulting services. Liddle first joined the Belvista Software team in December of 2021 as a business analyst. He brings with him more than seven years of experience in the financial services and accounts receivables industries.

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Court Grants Injunction Against Credit Repair Organization Providing Allegedly Fraudulent Services to Consumers

On March 18, the District Court for the Southern District of Texas entered an injunction against a credit repair organization, Turbo Solutions, Inc. d/b/a Alex Miller Credit Repair, and its owner Alex Miller for alleged violations of the FTC Act, Credit Repair Organizations Act (CROA), and the FTC’s Telemarketing Sales Rule (TSR). The complaint against Turbo Solutions and Miller alleged multiple violations, including making false promises regarding the company’s ability to improve consumer’s credit scores and unlawfully charging consumers upfront fees for these services.

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Remitter Appoints Holly Balchan as EVP Business Integration

PHOENIX, Ariz. -- Remitter USA Inc., an AI powered digital communications platform used to improve payment recovery, has appointed leading Accounts Receivables Management professional Holly Balchan to head its Business Integration initiatives.

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Heritage Global’s National Loan Exchange Division Appoints Ashley Arens-Yager as Assistant Vice President – Sale Operations

SAN DIEGO, Calif. -- National Loan Exchange, Inc. (“NLEX”), a division of Heritage Global Inc. (Nasdaq: HGBL) and a leading loan sale advisor of charged off and nonperforming asset portfolios, announced today that Ashley Arens-Yager has joined its team as Assistant Vice President – Sale Operations, where she will interface with the buyer network and support the internal growth initiatives.

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3 Compliance Myths about Email for Digital Debt Collections/Recovery

More companies in collections / recovery should be using email as a key consumer communication channel. The reasons are clear. 50% of consumers prefer to receive communication from brands via email, plus email is a cost-effective way to contact consumers, whether it's used in lieu of a letter or a phone call. So, why aren't more companies in recovery / collections using email as a major contributor to their digital debt collection consumer contact strategy?

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WCF 2022

5 December 2022 at 08:00 a.m.

Sharpen your leadership skills, expand your professional network and help improve your workplace culture when you attend Women in Consumer Finance 2022, December 5-7, 2022 at the Renaissance Esmeralda in Palm Springs. 

Registration is now open!

Event Details »

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» Payment Processing Fees, No-fee-to-biller Solutions & Compliance Risk - A Short Guide

» When Every Call, Text, and Email Counts

» Collections of the Future - Changing Your Debt Collections Program with the Changing Times

» How the Pandemic Impacted Consumer Behavior and How Those Changes will Impact Your Operations, Session 3: Adapting and Planning Ahead

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