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Wednesday, November 15, 2017
Mid Week Articles:
CONSUMER BUREAU CHIEF ANNOUNCES RESIGNATION
Richard Cordray, the director of the Consumer Financial Protection Bureau (CFPB), has told his agency's employees he is resigning.
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TOTAL HOUSEHOLD DEBT INCREASES, DELINQUENCY RATES OF SEVERAL DEBT TYPES CONTINUE RISING
NEW YORK - The Federal Reserve Bank of New York's Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit, which reported that total household debt increased by $116 billion (0.9%) to $12.96 trillion in the third quarter of 2017.
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WELLS FARGO ILLEGALLY REPOSSESSED ANOTHER 450 SERVICE MEMBERS' CARS
Wells Fargo has uncovered another 450 service members who had their vehicles illegally repossessed by the bank. That brings the total to more than 860.
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DEBT COLLECTIONS TECHNOLOGY COMPANY BUILDS ON EARLY SUCCESS FOR SUSTAINED GROWTH AND INNOVATION
SAN FRANCISCO--(BUSINESS WIRE)--TrueAccord, the company driving transformation in the debt collection market, announced today that is has closed $22M in additional funding.
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NOBLE SYSTEMS ISSUED 150TH PATENT FOR CONTACT CENTER TECHNOLOGY
Atlanta, GA - November 15, 2017: Noble Systems Corporation, a global leader in omnichannel contact center technology solutions, announces the issuance of its 150th U.S. patent. This milestone is the latest achievement in the company's patent program, which is targeted at protecting Noble's product innovations to safeguard technology investments and business advantages for Noble Systems' clients.
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FTC ALERTS CONSUMERS: IF SCAMMERS HAD YOU PAY THEM VIA WESTERN UNION, YOU CAN NOW FILE A CLAIM TO GET MONEY BACK
The Federal Trade Commission is alerting consumers who lost money to scammers who told them to pay via Western Union's money transfer system between January 1, 2004 and January 19, 2017, that they can now file a claim to get their money back by goinginfographic describing the process for filing a claim to get a refund in the Western Union matter to FTC.gov/WU before February 12, 2018.
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NAVIENT HONORED AS CORPORATE GAME CHANGER BY WOMEN'S FORUM OF NEW YORK
NEWSWIRE) -- Navient was honored today by the Women's Forum of New York at the fourth biennial Breakfast of Corporate Champions for achieving at least 25 percent female representation in the boardroom. Six of Navient's 11 directors are women, representing 55 percent of the company's board. Navient was recognized as a corporate game changer making strides to advance women at the director level.
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PEOPLE HAVE STOPPED PAYING THEIR CAR LOANS, AND IT'S A RISK TO A $200 BILLION MARKET
The New York Federal Reserve is flagging some concerns about a $200 billion auto loan market.
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AUTO LENDING IS VIGOROUS EVEN AS HIGH-RISK DELINQUENCIES BUILD
Auto loans have grown for 26 straight quarters, drawing more scrutiny of the expansion of the riskiest slice of the market, where delinquency rates are also up, a New York Federal Reserve report out Tuesday showed.
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IS PEER-TO-PEER LENDING THE NEW SUBPRIME MORTGAGE?
A new report released by the Federal Reserve Bank of Cleveland examined peer-to-peer lending, finding that this market is a growing alternative for consumers. However, the Fed was concerned that this growing market does not have the same degree of regulation or supervision as traditional channels. The Fed went so far as to liken the increase in defaults that are occurring now in P2P lending to what was seen leading up to the subprime mortgage crisis.
read more

DEBT BUYERS MAY NOW FILE FOR A LICENSE IN OREGON
Debt buyer licenses are now available in the state of Oregon. Under the new law (H.B. 2356) signed by Gov. Kate Brown Aug. 2, 2017, debt buyers-both active and passive-must obtain a license from the Oregon Department of Consumer and Business Services (DCBS).
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
$632,926.00     Credit Cards
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp?8068  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826  

$23,362,380.00     Credit Cards
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp?8066  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826  

$4,919,962.00     Credit Cards
Argonaut Financial, LLC
http://www.debtconnection.com/portfolio.asp?8064  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1826  

Brokers
PALMETTO DEBT MANAGEMENT PARTNERS, LLC
William Lowery
844-428-3328
More Information

Consultants
PALMETTO DEBT MANAGEMENT PARTNERS, LLC
844-428-3328

Industry Events
The Consumer Rights Litigation Conference National Consumer Law Center
Renaissance Washington
Washington, DC
November 16 - 19, 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

Sponsors












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At A Glance - Friday, January 06, 2017
At A Glance - Wednesday, January 04, 2017

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