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Friday, August 25, 2017
This Week Articles:
AG HEALEY SUES TO PROTECT PUBLIC SERVICE LOAN FORGIVENESS
BOSTON - Defending the rights of students pursuing public service careers, Massachusetts Attorney General Maura Healey today sued one of the largest federal student loan servicers in the country for undermining Public Service Loan Forgiveness (PSLF), a federal program that forgives student loans after 10 years of public service, enabling Americans to take lower-paying jobs in public service.
read more

NEW LAW OUTLINES REQUIREMENTS FOR DEBT BUYERS IN OREGON
The state law requires debt buyers to be licensed, establishes requirements for legal actions to collect purchased debts, and provides for enforcement by the state attorney general.
read more

NATIONAL FORECLOSURE RATE FALLS TO 10-YEAR LOW
A new report from Black Knight Financial Services shows that there were fewer loans in foreclosure in the month of July than in any month in more than 10 years.
read more

CFPB TEMPORARILY CHANGES MORTGAGE DATA RULE REPORTING THRESHOLD FOR COMMUNITY BANKS AND CREDIT UNIONS
WASHINGTON, D.C. - The Consumer Financial Protection Bureau (CFPB) today issued a rule amending the 2015 updates to the Home Mortgage Disclosure Act (HMDA) rule. The Bureau has temporarily changed reporting requirements for banks and credit unions that issue home-equity lines of credit, and clarified the information that financial institutions are required to collect and report about their mortgage lending.
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AG PAXTON: 4,500 TEXANS TO RECEIVE $17.6 MILLION IN STUDENT LOAN RELIEF
Texas Attorney General Ken Paxton today announced a settlement with Aequitas, a now defunct private investment firm that provides over $17 million in debt relief for Texans who attended schools operated by Corinthian College. The settlement was first approved by the Oregon federal court overseeing the Aequitas receivership and is part of a broader agreement totaling $192 million for students across the country.
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JCOC RECEIVES $35,000 DONATION FROM PRA GROUP
NORFOLK, Va., Aug. 24, 2017 (GLOBE NEWSWIRE) -- The Judeo-Christian Outreach Center (JCOC) today announced that PRA Group (Nasdaq:PRAA), a global leader in acquiring and collecting nonperforming loans, has donated $35,000 to support JCOC's various housing and dining hall programs which serve veterans, individuals, and families in crisis in Hampton Roads.
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CFPB REPORT WARNS THAT TAKING OUT A REVERSE MORTGAGE LOAN CAN BE AN EXPENSIVE WAY TO MAXIMIZE SOCIAL SECURITY BENEFITS
WASHINGTON, D.C. - The Consumer Financial Protection Bureau (CFPB) today issued a report warning older consumers about taking out a reverse mortgage loan in order to bridge the gap in income while delaying Social Security benefits until a later age. The CFPB report found, in general, the costs and risks of taking out a reverse mortgage exceed the cumulative increase in Social Security lifetime benefits that homeowners would receive by delayed claiming. The Bureau also released a consumer guide and video to help prospective borrowers and their families understand how reverse mortgages work so that they can make an informed decision before agreeing to borrow.
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NEW REGULATOR ROUNDTABLES ADDED FOR DCS2017 AT THE JW MARRIOTT STARR PASS IN TUCSON, AZ SEPTEMBER 11-13, 2017
Resource Management Services, Inc. is pleased to announce a new FCC and the Office of Attorney General roundtable sessions added to the schedule at the Debt Connection Symposium and Expo 2017 conference, at the JW Marriott Starr Pass in Tucson, AZ.
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WEBRECON STATS FOR JULY 2017: A STUNNING FALL...(+BBB!)
And we ain't talking about the coming autumn. FDCPA, FCRA and TCPA litigation all tumbled in July, after two of the three fell in June as well. May was the last robust month for consumer litigation.
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FDIC-INSURED INSTITUTIONS EARN $48.3 BILLION IN SECOND QUARTER 2017 COMMUNITY BANK NET INCOME RISES TO $5.7 BILLION
Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $48.3 billion in the second quarter of 2017, up $4.7 billion (10.7 percent) from a year earlier. The increase in earnings was mainly attributable to a $10.3 billion (9.1 percent) increase in net interest income and a $654 million (1 percent) increase in noninterest income. Financial results for the second quarter of 2017 are included in the FDIC's latest Quarterly Banking Profile released today.
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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
$2,762,671.00     Payday Loans
National Debt Holdings, LLC
http://www.debtconnection.com/portfolio.asp?7981  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6735  

$6,955,319.00     Payday Loans
National Debt Holdings, LLC
http://www.debtconnection.com/portfolio.asp?7980  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6735  

$4,249,939.00     Retail
National Debt Holdings, LLC
http://www.debtconnection.com/portfolio.asp?7979  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6735  

$3,749,504.00     Retail
National Debt Holdings, LLC
http://www.debtconnection.com/portfolio.asp?7977  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6735  

$18,841,118.00     Medical
National Debt Holdings, LLC
http://www.debtconnection.com/portfolio.asp?7976  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6735  

Debt Buyers
HMR FUNDING
888-377-1245

Debt Sellers
BAYVIEW SOLUTIONS LLC
Aron Tomko
866-546-9088
More Information

Offshoring
EPICENTER TECHNOLOGIES PVT LTD
1855 884 7592

Payment Processors
REPAY, INC.
817-439-6157

Industry Events
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

Eastern Region Conference
Commercial Law League of America
Tropicana Casino & Resort
Atlantic City, NJ
September 13 - 15, 2017
More Information

Northeast Debt Collection Conference
ACA International
Caesars Atlantic City
Atlantic City, NJ
September 17 - 19, 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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