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Wednesday, October 11, 2017
Mid Week Articles:
FEDERAL JUDGE ALLOWS CFPB CASE AGAINST DEBT COLLECTION LAW FIRM TO MOVE FORWARD
The case against Weltman, Weinberg & Reis stems from pre-litigation activities the CFPB deemed to be unfair and deceptive practices to collect delinquent bills owed by consumers.
read more

DELINQUENCY RATE CONTINUES AT 10-YEAR LOW
On Tuesday, CoreLogic released its latest Loan Performance Insights report, representing data from national foreclosure and delinquency activity gathered through July 2017.
read more

LISTEN 2017, CALLMINER'S CONFERENCE TO HOST OVER 250 CUSTOMERS AND ENGAGEMENT ANALYTICS PROFESSIONALS
Waltham, MA - CallMiner, the award-winning provider of speech and customer engagement analytics, announced today key details and new features of its annual LISTEN conference for customers and engagement analytics professionals. This year's conference will be held October 25th to 27that the Opal Sands Resort in Clearwater Beach, Florida.
read more

TRANSUNION REINFORCES VERSATILE DATA AND ANALYTICS CAPABILITIES WITH ACQUISITION OF EBUREAU
Chicago, Oct. 10, 2017 - TransUnion (NYSE: TRU) announced today that it is continuing to build upon its success as a source of groundbreaking, versatile data and analytics capabilities with the acquisition of eBureau, a leading provider of custom-analytic solutions with both credit-risk and anti-fraud applications.
read more

MORTGAGE APPLICATIONS DROP 2.1% AS INTEREST RATES HIT HIGHEST LEVEL SINCE JULY
Consumers today are more optimistic about the economy, their jobs and the housing market, but that doesn't mean they're buying more homes.
read more

LENDINGTREE PARTNERS WITH JORNAYA TO DELIVER INDEPENDENT TCPA COMPLIANCE ON LEADS
Philadelphia, PA, Oct 09, 2017 (PRWeb.com via COMTEX) -- Jornaya, the fast-growing consumer journey insights platform, today announced that LendingTree(R), the nation's leading online loan marketplace, has integrated TCPA Guardian from Jornaya to manage compliance risk associated with the Telephone Consumer Protection Act (TCPA).
read more

WESTLAKE PART OF THIRD DOJ SETTLEMENT IN 13 MONTHS OVER SCRA VIOLATIONS
WASHINGTON, D.C. -
For the third time in about 13 months, the Justice Department has reached a settlement with a finance company for violating the Servicemembers Civil Relief Act (SCRA) in connection with vehicle repossessions.

read more

HOPE CREDIT UNION OPENS BRANCH IN PROVINE HIGH SCHOOL
JACKSON, MS (Mississippi News Now) -
A credit union in a high school? It's not so unusual in other states, but it's a first here in Jackson. HOPE Credit Union officially cut the ribbon in a ceremony for it's new branch at Provine High School.

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FEDERAL REGULATORS AIM TO CURB PAYDAY LENDING "DEBT TRAPS"
The Consumer Financial Protection Bureau (CFPB) last week issued its long-anticipated final rule on payday loans, restricting lenders' ability to profit from high-interest, short-term loans and earning the agency high praise from community lenders and consumer advocates.
read more

AFTER EQUIFAX, MAKE IT EXPENSIVE FOR CREDIT BUREAUS TO BE 'STUPID'
Banks and retailers have real money at stake when a data breach allows criminals to get at customers' credit card data. Under federal law and credit card policies, customers have zero liability for fraudulent charges. Instead, banks and retailers are on the hook for losses.
read more

ROBOCALLS ARE GETTING WORSE, FTC TELLS SENATE
A representative with the Federal Trade Commission, home of the Do Not Call list, appeared in front of Congress to give a progress report on the fight against horrible spam robocallers - a modern-day battle of good and evil.
read more

MISSISSIPPI ATTORNEY GENERAL SUBPOENAS CREDIT ACCEPTANCE
SOUTHFIELD, Mich. - For the second time in about a year, Credit Acceptance is dealing with an attorney general subpoena. The finance company acknowledged late on Friday through a filing with the Securities and Exchange Commission that it received a subpoena from the Mississippi attorney general on Aug. 14. Credit Acceptance said the subpoena is relating to the origination and collection of non-prime vehicle installment contracts in the state of Mississippi.
read more

FANNIE MAE: CONSUMER CONFIDENCE INCREASING?
On Monday, Fannie Mae's Home Purchase Sentiment Index (HPSI), which highlights consumers' current views and forward-looking expectations of housing market conditions, was released. The index revealed an increase in September by 0.3 points to 88.3-up 5.5 points compared to last year.
read more

CONVERGYS ADDING 80 NEW JOBS AT WATERTOWN CALL CENTER
Later this fall, Convergys will have more people in its Watertown call center. A healthcare client has given the company a new line of business.
read more

THE CFPB IS SHUTTING DOWN A LOT OF PAYDAY LOANS - WHERE WILL CONSUMERS GO NEXT?
The Consumer Financial Protection Bureau issued a final version of its rules for payday lending on Thursday. "The CFPB's new rule puts a stop to the payday debt traps that have plagued communities across the country," said CFPB Director Richard Cordray. "Too often, borrowers who need quick cash end up trapped in loans they can't afford."
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
$2,382,977.00     Payday Loans
Liberty Credit Management
http://www.debtconnection.com/portfolio.asp?8033  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?8084  

$946,991.00     Consumer Loans
National Debt Holdings, LLC
http://www.debtconnection.com/portfolio.asp?8032  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6735  

$18,000,000.00     Credit Cards
Capital Debt Solutions, LLC
http://www.debtconnection.com/portfolio.asp?8031  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6301  

Debt Buyers
ALLIED CFS.
475-201-8162

Industry Events
NARCA 2017 Fall Conference
NARCA
Marriott Marquis
Washington, DC
October 11 - 14, 2017
More Information

ACA International Fall Forum & Expo 2017
ACA International
Loews Chicago
Chicago, IL
November 1 - 3, 2017
More Information

NASP 2017 Annual Conference
J.W. Marriott
Austin, TX
November 5 - 8, 2017
More Information

Collection and Recovery Solutions 2018
Four Seasons Las Vegas
Las Vegas, NV
May 9 - 11, 2018
More Information

Debt Connection Symposium & Expo 2018
JW Marriott Austin
Austin, TX
September 5 - 7, 2018
More Information

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