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Friday, July 28, 2017
This Week Articles:
AG SECURES $1 MILLION FOR CONSUMERS EXPLOITED BY LARGEST DEBT COLLECTION LAW FIRM IN MASSACHUSETTS
BOSTON - The largest debt collection law firm in Massachusetts and its two owners have agreed to pay $1 million in restitution and significantly change their practices after Attorney General Maura Healey took action against them for widespread consumer abuses impacting thousands of Massachusetts consumers.
read more

CREDIT CARD MARKET CONTINUES GROWTH IN FIRST QUARTER; INCLUDING RECORD NUMBER OF NEW ACCOUNTS
Consumers' credit card use in the first quarter this year continues to grow, despite "sluggish" consumer spending and GDP growth, according to the American Bankers Association's (ABA) Credit Card Market Monitor Report released in July.
read more

TODAY IS THE LAST DAY TO PARTICIPATE IN THE AUDIT OVERSIGHT BENCHMARK RESEARCH SURVEY
Today is the last day to participate in the Audit Oversight Benchmark Research Survey. So far, there have been 125 Servicers and 43 Creditors that have participated. You still have time to join.
read more

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.
read more

FTC, STATE, AND LOCAL PARTNERS ANNOUNCE JOINT CONFERENCE ON PROTECTING MILITARY CONSUMERS
The Federal Trade Commission, state, and local authorities will convene a conference in Los Angeles on Sept. 7, 2017 to help educate military consumers and train military attorneys, law enforcement personnel, and consumer protection officials to address consumer fraud and other issues that affect servicemembers and their families. This event follows the FTC's recent successful Military Consumer Financial Workshop, held July 19 in San Antonio.
read more

DECEMBER 2016 FED RATE HIKE: MOST CONSUMERS FARED WELL, BUT IT'S A NEW DYNAMIC FOR CONSUMERS AND LENDERS ALIKE
TransUnion (NYSE:TRU) released an analysis today showing that most borrowers were able to absorb their increased monthly payment obligations after the Federal Reserve Board rate hike last December.
read more

HOUSE GOP PASSES CONGRESSIONAL REVIEW ACT RESOLUTION AGAINST CFPB MANDATORY ARBITRATION RULE
The U.S. House of Representatives, on a 231-190 vote along party lines, approved a resolution, H.J. Res. 111, sponsored by U.S. Rep. Keith Rothfus, R-Pa., which uses the Congressional Review Act (CRA) as a measure to repeal the Consumer Financial Protection Bureau's arbitration rule during House proceedings on July 25.
read more

FICO SURVEY: US CONSUMERS FEAR BANK FRAUD AND ID THEFT MORE THAN TERRORIST ATTACK
FICO's latest consumer finance trend research has revealed that 44 percent of US consumers rate identity theft and banking fraud as their top concern. This was more than double those who said their top concern was being the victim of a terrorist attack (18 percent) and twice the number who thought their own death or that of a loved one was their primary worry (22 percent).
read more

MARK YOUR CALENDARS AND BOOK YOUR ROOMS, DEBT CONNECTION SYMPOSIUM AND EXPO 2017 ROOM BLOCK ENDS AUGUST 28!
The room block ends August 28, 2017. We have insured that all Debt Connection Symposium and Expo 2017 conference attendees get a conference discounted rate of $183 for a standard room. So, if you don't yet have your room reserved, please act fast, space is limited, and we expect to sell out.
read more

WEBRECON STATS FOR JUNE 2017: MOSTLY DOWNWARD MOVEMENT, BUT NOT REALLY...
Quick analysis: After a very robust May, June tells a different story with CFPB complaints down 26.1%, FDCPA complaints down 7.8%, TCPA complaints down 11.3% and FCRA complaints up 2.4%.
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
$1,900,000.00     Credit Cards
Premier Asset Management, LLC
http://www.debtconnection.com/portfolio.asp?7953  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?5453  

$2,749,992.00     Consumer Loans
BAL Financial LLC
http://www.debtconnection.com/portfolio.asp?7951  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1774  

$3,869,350.00     Payday Loans
Sea Side Management, LLC
http://www.debtconnection.com/portfolio.asp?7950  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?7864  

$940,058.00     Payday Loans
National Debt Holdings, LLC
http://www.debtconnection.com/portfolio.asp?7946  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6735  

$1,176,492.00     Consumer Loans
National Debt Holdings, LLC
http://www.debtconnection.com/portfolio.asp?7945  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6735  

$2,765,208.00     Payday Loans
National Debt Holdings, LLC
http://www.debtconnection.com/portfolio.asp?7944  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6735  

Contact Solutions/Dialers
INTEGRA CCS
800-290-3919

Debt Sellers
LEGACY GROUP UNITED
Kaitlynn Obrien
877-827-9328
More Information

Industry Events
Financial Innovation and Payments Summit 2017
Opal Group
Newport Marriott
Newport, RI
July 30 - August 1, 2017
More Information

2017 RMA Executive Summit
Receivables Management Association International
Resort at Squaw Creek
Lake Tahoe, CA
August 1 - 3, 2017
More Information

Global Finance & Credit Conference & Expo
Global Finance and Credit Management Conference and Expo
Hyatt Regency
Chicago, IL
August 22 - 25, 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

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

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