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Wednesday, August 30, 2017
Mid Week Articles:
FTC OBTAINS COURT ORDER: DEBT COLLECTOR BANNED FROM DEBT COLLECTION BUSINESS
The final defendant in a debt collection scheme that illegally threatened to arrest or sue consumers and harassed their friends, family members and employers is banned from debt collection activities under a settlement with the Federal Trade Commission.
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FANNIE MAE, FREDDIE MAC SUSPEND FORECLOSURES AND EVICTIONS IN WAKE OF HURRICANE HARVEY
Fannie Mae and Freddie Mac are extending additional relief to homeowners affected by the catastrophic flooding caused by Hurricane Harvey.
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IT IS NOT TO LATE TO REGISTER FOR DCS2017!
We have great sessions in line for our DCS2017 attendees. We start the sessions with Mike Ginsberg's insightful "The New ARM Industry" and move quickly to our Meet the Regulator's Segment for updates on compliance and regulations from the FCC, FTC, CFPB - Supervision, CFPB - Enforcement and also the AZ Attorney General's Office. From there, we tackle operational and compliance combined with five leading industry professionals debating in our Great Debates! The afternoon brings on more learnings and Fast Track sessions, and the ever-popular roundtables.
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AMERICAN EXPRESS IS MAKING A MAJOR CHANGE - BECAUSE OF MILLENNIALS
The credit-card company unveiled a new feature called "Pay It Plan It" this week, which it says it designed with millennials in mind. It will become available for existing cardmembers on Aug. 30.
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EXPERIAN FINDS TOTAL STUDENT LOAN BALANCES INCREASED 149 PERCENT SINCE 2007
Costa Mesa, Calif., Aug. 29, 2017 - Over the last decade, student loan debt in the United States has grown more than $833 billion to reach an all-time high of $1.4 trillion. Experian®, the leading global information services company, analyzed data from its consumer credit database and found that 13.4 percent of U.S. consumers, spanning from the Silent Generation to Generation Z, have one or more student loans on file.
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CORPORATE GIANTS ARE MAKING BIG CONTRIBUTIONS TO DISASTER RELIEF ORGANIZATIONS TO HELP VICTIMS OF TROPICAL STORM HARVEY.
Companies have pledged $26 million to relief efforts as of Tuesday morning, according to an estimate from the U.S. Chamber of Commerce. Twenty companies have donated $1 million or more. But these numbers are constantly changing as contributions continue to pour in.
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ILLINOIS GOVERNOR VETOES 'STUDENT LOAN SERVICING RIGHTS ACT'
The bill includes requirements for student loan servicers to provide comprehensive information to borrowers on their repayment and loan forgiveness options.
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PENFED DONATES $50,000 TO AMERICAN RED CROSS CORPUS CHRISTI AND HOUSTON CHAPTERS FOR DISASTER RELIEF
TYSONS, Va., Aug. 28, 2017/PRNewswire-USNewswire/ -- To support our local communities and people impacted by Hurricane Harvey, PenFed Credit Union today announced a donation of $50,000 to the American Red Cross Corpus Christi and Houston Chapters. American Red Cross, its employees, retirees and volunteers are among PenFed's diverse field of membership.
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FTC CHARGES DEBT COLLECTION OPERATION TOOK CONSUMERS' MONEY FOR PHANTOM DEBTS
The Federal Trade Commission has charged a North Carolina debt collection operation with using intimidation and deception to take money from consumers for debts they did not owe, or that the defendants had no right to collect. A federal court temporarily halted the scheme and froze its assets at the request of the FTC, which seeks to end the practices.
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SALLIE MAE TO AWARD FIVE DESERVING HIGH SCHOOL STUDENTS $25,000 FOR COLLEGE
NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae, the nation's saving, planning, and paying for college company, today announced it will award five $25,000 college scholarships to deserving high school students as part of the second annual Bridging the Dream Scholarship Program. Beginning now through Sept. 7, school counselors and community organization leaders can nominate high school juniors and seniors who exemplify excellence inside or outside the classroom.
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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
$738,408.00     Medical
Capital Asset Management Inc
http://www.debtconnection.com/portfolio.asp?7982  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?7689  

$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  

Brokers
DSP HOLDINGS, INC. DBA DEBT SALES PARTNERS
Michael Zoldan
330-686-6700
More Information

Industry Events
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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RESOURCE MANAGEMENT SERVICES, INC., 10440 Pioneer Blvd., Suite 2, Santa Fe Springs, CA 90670-8235

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