CFPB Issues Report on Credit Card Late Fees

The CFPB has issued a report titled “Credit card late fees” that discusses the consumer impact of late fees by card type, credit score, and geography, and market reliance on late fees.  (Late fees are also among the fees at which the CFPB has taken aim in its “junk fees” initiative.)  Following a pattern established under former Director Cordray, the CFPB used relatively neutral language in its report and more judgmental language in Director Chopra’s comments contained in the Bureau’s press release.

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AIS Announces Hiring of Former Director of United States Trustee Program

HOUSTON, TX -- AIS, a Texas-based FinTech and leading provider of technology- driven default servicing solutions, today announced the hiring of Cliff White as Managing Director, Bankruptcy Compliance.

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TransUnion Enhances Decisioning Solutions through Partner Program Expansion

Chicago, Ill. -- As the global economy shifts and consumer credit markets evolve, credit decisioning requirements have become even more complex and customized. To better address the rapidly evolving needs and priorities of financial institutions, TransUnion (NYSE: TRU) announced today an expansion of its go-to-market strategy for decisioning solutions by including leading decisioning platforms within its global Strategic Alliance Distribution Partner Program.

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Numeracle Extends Branded Calling Across Full Provider Network

MCLEAN, Va.-- Numeracle™ Inc., the pioneer of Verified Identity™ for communications, today announced its ability to collaborate across all major branding solution providers to offer branded calling to Verified Identities as an extension of its existing Entity Identity Management™ (EIM) platform.

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Utah Speedily Becomes Fourth State to Enact Consumer Data Privacy Legislation

On March 24, Utah Gov. Spence Cox signed into law SB 227, the Utah Consumer Privacy Act.  This makes Utah the fourth state, behind California, Virginia, and Colorado, to enact comprehensive consumer data privacy legislation.

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Collection and Recovery Solutions and Debt Connection Symposium are Back in 2022 – With New Ownership and a New Vision

SAN DIEGO, Calif. -- After 20 successful years at Absolute Resolutions Corporation, Mark Naiman has announced that he, along with two partners, have acquired two premiere industry trade conferences – Collection and Recovery Solutions (also known as “CRS”) as well as Debt Connection Symposium (known to industry insiders as “DCS”) as well as all intellectual property surrounding these well-known events. CRS and DCS have been staples in the accounts receivables management (“ARM”) space for over 20 years and Mark is excited to build upon the existing foundation of the shows – to new markets, new originators and to dive deep into the wonderful world of fintech.

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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!

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» [On-Demand] A Complete Guide to Risk and Gap Assessments

» Keep Up With Compliance Regulations

» 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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