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Friday, January 27, 2017
This Week Articles:
HOUSE OF REPRESENTATIVES PASSES FCC REFORM BILL
The House of Representatives recently passed the Federal Communications Commission Process Reform Act of 2017 to increase transparency and accountability through updates to FCC processes and rulemaking procedures.
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WITHOUT A SINGLE DISSENTING VOTE, HOUSE VOTES TO CLOSE PAYDAY LOAN ‘LOOPHOLE'
The Utah House voted unanimously Wednesday to close a loophole that critics say payday lenders use to trap borrowers into a hard-to-escape debt spiral.
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HOUSE COMMITTEE ISSUES THIRD INVESTIGATIVE REPORT ON CFPB AUTO LENDING REGULATIONS
The House Financial Services Committee has issued its third investigative report related to the Consumer Financial Protection Bureau's authority to implement regulations in the auto lending industry.
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CREDIT BUREAU SYSTEMS TO EXPAND CORPORATE FACILITIES IN PADUCAH, KY
PADUCAH, KY (KFVS) -
Credit Bureau Systems, Inc., a Paducah based healthcare revenue cycle management firm, announced Thursday that it will begin construction of a 10,000 square foot call center to be located in Paducah's Commerce Park.

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LAS VEGAS CREDIT UNION GIVES BACK MILLIONS TO ITS MEMBERS' ACCOUNTS
LAS VEGAS, Jan. 26, 2017 /PRNewswire/ -- In an age where financial institutions are all-too-often in the news for inflated salaries, golden parachutes and misappropriated funds, Clark County Credit Union is doing the opposite: taking profits and giving them back to its member-owners as an annual dividend. As a long-standing tradition in the credit union's history, the non-profit is distributing earnings back to its members.
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NEVADA SUPREME COURT RULING UPHOLDS NONJUDICIAL FORECLOSURE PROCESS
CARSON CITY - The Nevada Supreme Court ruled Thursday that a nonjudicial foreclosure process used by investors and speculators to acquire HOA properties at bargain basement prices during the great recession does not violate the constitutional protections of original mortgage holders.
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OLDER GENERATIONS CARRY TWICE THE CREDIT CARD DEBT OF MILLENNIALS
The average American's credit card balances total $5,551, representing 30 percent of their total credit limits, according to Experian's annual report, State of Credit 2016.
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DISTRESSED SALES STILL SLIDING
Distressed sales dropped by 2.9 percentage points year over year since October 2015, according to a report released Wednesday by CoreLogic.
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2016 YEAR IN REVIEW: FDCPA DOWN, FCRA & TCPA UP
2016 Year in Review: FDCPA 12% Down, FCRA Up 3.9% & TCPA Up 31.8%
2016 ended about as we expected, with: A significant loss of traction for FDCPA, down 12% from 2015 (though, notably, still higher than 2014)

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SERVICELINK FINED $65 MILLION FOR LPS FORECLOSURE DEFICIENCIES
In 2011, Lender Processing Services was part of a massive settlement with the government over industry-wide foreclosure misconduct that occurred after the housing crash.
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DEFENDANTS IN STUDENT LOAN DEBT RELIEF SCHEME BANNED FROM INDUSTRY IN SETTLEMENT WITH FTC AND FLORIDA
Under a settlement with the Federal Trade Commission and the State of Florida, the operators of an alleged student debt relief and credit repair scam will be banned from those lines of business.
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DOLLAR UK ACHIEVES DRAMATIC KEY METRIC IMPROVEMENTS WITH NOBLE SYSTEMS CLOUD CONTACT CENTRE SOLUTION
Manchester, UK - 25 January 2017: Noble Systems, a global leader in omnichannel contact centre technology solutions, is pleased to announce that Dollar UK have seen dramatic improvements to their contact center key metrics following.
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2016: THE YEAR'S M&A IN REVIEW
In 2016, we witnessed substantial M&A activity in both the RCM and ARM markets. The statistics and analysis featured below stems from our specialization and focus within these sectors, as well as our proprietary database, which contains M&A data, including valuation multiples, for completed transactions in RCM, ARM, and related markets.
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COLLECTION MANAGEMENT TRAINING SCHEDULED FOR JUNE 21-22, 2017 IN ATLANTA, GA
Collection Management Training provides the knowledge and tools necessary to coach and develop the collectors on your team to maximize their performance. A new class is scheduled for June 21 - 22, 2017, taught by Ken Evancic, Vice President of Resource Management Services, Inc. This workshop is geared for the first two levels of management in your collection organization.
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Company Announcements, Product Launches and Product Info

DIVERSIFIED CONSULTANTS INC. TO OPEN NEW LOCATION IN LOUISVILLE
Diversified Consultants has announced plans to open an office in Louisville, Kentucky, and staff it with up to 433 employees.
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PRA GROUP ANNOUNCES THE SALE OF GOVERNMENT SERVICES BUSINESS
NORFOLK, Va., Jan. 26, 2017 (GLOBE NEWSWIRE) -- PRA Group, Inc. (Nasdaq:PRAA), a global leader in acquiring nonperforming loans, today announced the sale of its Government Services fee-for-service business for $91.5 million in cash plus additional consideration for certain balance sheet items to Millstein & Co., a financial services, merchant banking and private equity firm. Lazard Middle Market acted as financial advisor to PRA. PRA will discuss the impact of the transaction, which will be included in the financial results for the first quarter of 2017, on its fourth quarter and full year 2016 earnings conference call to be held on February 28 at 5 p.m. ET.
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UNITED HERITAGE CREDIT UNION CELEBRATES 60TH ANNIVERSARY!
Austin-based United Heritage Credit Union is celebrating 60 years of providing members with superior financial services.
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TRANSUNION INTRODUCES IDVISION TO HELP BUSINESSES PREVENT SOPHISTICATED AND EVOLVING FRAUD AND IDENTITY THEFT
TransUnion (NYSE: TRU) today unveiled IDVisionSM, a suite of solutions providing businesses with a holistic approach to fraud and identity management. IDVision helps companies stop sophisticated and evolving fraud while also protecting and restoring their confidence in conducting business.
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SIMM ASSOCIATES COMPLIANCE MANAGER RECEIVES CCCP CERTIFICATION
SIMM Associates is proud to announce that our Compliance Manager Ashley Ramos has earned her Credit and Collection Compliance Professional (CCCP) certification from ACA International.
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STELLAR RECOVERY CONTINUES TO REBRAND AND RESTRUCTURE
John Schanck Chairman and Owner of Stellar Recovery announced today the continued rebranding and restructuring of Stellar Recovery. “It has been a long and successful 18 months and we feel we are in the final stages of setting ground breaking, forward thinking, revolutionary new standards in the ARM industry.” Schanck went on to announce that “Kim Harvey has been instrumental in the past 12 months in changing the face and strategy within Stellar and will effective immediately be assuming the role of Chief Operating Officer. Kim has been a huge bridge between Clients, Client Servicing, Administration, and Operations. It is only fitting that she assumes this role which will encompass the rest of the company under her leadership”.
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DESERT SCHOOLS FEDERAL CREDIT UNION APPOINTS NEW CFO
An employee of Desert Schools for nearly 16 years and a 25-year veteran of the credit union industry, Jordan's most recent role as Desert Schools' AVP of Finance focused on enhancing the company's organizational focus on efficiency.
read more

DebtConnection.com is a searchable database of collection products and services.
The following Updates and New Entries occured since the last At A Glance was sent:
Portfolios For Sale
$3,139,168.00     Credit Cards
CSC Portfolio Management
http://www.debtconnection.com/portfolio.asp?7726  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?8199  

$755,418.00     Checks
CSC Portfolio Management
http://www.debtconnection.com/portfolio.asp?7724  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?8199  

$256,231.00     Checks
CSC Portfolio Management
http://www.debtconnection.com/portfolio.asp?7718  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?8199  

$462,258.00     Medical
CSC Portfolio Management
http://www.debtconnection.com/portfolio.asp?7723  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?8199  

$178,273.00     Checks
CSC Portfolio Management
http://www.debtconnection.com/portfolio.asp?7719  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?8199  

$326,247.00     Payday Loans
CSC Portfolio Management
http://www.debtconnection.com/portfolio.asp?7729  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?8199  

$492,427.00     Checks
CSC Portfolio Management
http://www.debtconnection.com/portfolio.asp?7728  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?8199  

$1,613,753.00     Retail
CSC Portfolio Management
http://www.debtconnection.com/portfolio.asp?7727  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?8199  

$1,252,631.00     Credit Cards
CSC Portfolio Management
http://www.debtconnection.com/portfolio.asp?7730  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?8199  

$1,471,000.00     Consumer Loans
BAL Financial LLC
http://www.debtconnection.com/portfolio.asp?7717  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1774  

$3,689,883.00     Credit Cards
Bayview Solutions LLC
http://www.debtconnection.com/portfolio.asp?7708  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?7193  

$3,685,371.00     Consumer Loans
Bayview Solutions LLC
http://www.debtconnection.com/portfolio.asp?7709  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?7193  

$3,683,205.00     Credit Cards
Bayview Solutions LLC
http://www.debtconnection.com/portfolio.asp?7710  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?7193  

$1,046,538.00     Other
Bayview Solutions LLC
http://www.debtconnection.com/portfolio.asp?7711  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?7193  

$6,487,664.00     Commercial
Bayview Solutions LLC
http://www.debtconnection.com/portfolio.asp?7712  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?7193  

$2,253,957.00     Other
Bayview Solutions LLC
http://www.debtconnection.com/portfolio.asp?7713  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?7193  

$3,833,728.00     Credit Cards
Bayview Solutions LLC
http://www.debtconnection.com/portfolio.asp?7714  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?7193  

$5,911,719.00     Credit Cards
Bayview Solutions LLC
http://www.debtconnection.com/portfolio.asp?7707  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?7193  

$1,369,157.00     Payday Loans
Bayview Solutions LLC
http://www.debtconnection.com/portfolio.asp?7716  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?7193  

$939,922.00     Credit Cards
Bayview Solutions LLC
http://www.debtconnection.com/portfolio.asp?7715  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?7193  

Training
RESOURCE MANAGEMENT SERVICES, INC.
Ken Evancic
562-906-1101
More Information

Industry Events

DBA International 2017 Annual Conference
DBA International
Aria Resort & Casino
Las Vegas, NV
February 7 - 9, 2017
More Information

ACA of Texas 69th Annual Conference, Expo & Legislative Summit
ACA International
Crowne Plaza
Austin, TX
February 20, 2017
More Information

Third Party Vendor Auditing Workshop
Resource Management Services, Inc.
Courtyard Atlanta Downtown
Atlanta, GA
February 22 - 23, 2017
More Information

Third Party Vendor Auditing Workshop
Resource Management Services, Inc.
Four Seasons Hotel Las Vegas
Las Vegas, NV
May 8 - 9, 2017
More Information

Collection and Recovery Solutions 2017
Resource Management Services, Inc.
Four Seasons Hotel Las Vegas
Las Vegas, NV
May 10 - 12, 2017
More Information

Collection Management Training
Resource Management Services, Inc.
Residence Inn Atlanta Airport North/Virginia Avenue
Atlanta, GA
June 21 - 22, 2017
More Information

Third Party Vendor Auditing Workshop
Resource Management Services, Inc.
Chicago Marriott Southwest
Chicago, IL
July 19 - 20, 2017
More Information

Debt Connection Symposium and Expo 2017
Resource Management Services, Inc.
JW Marriott Starr Pass
Tucson, AZ
September 11 - 13, 2017
More Information
















This report is sponsored by Resource Management Services, Inc. Check us out at: http://www.resourcemanagement.com/

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