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THE CFPB HAS PUSHED ITS LAST ENVELOPE When I arrived at the Consumer Financial Protection Bureau in November, I told employees that despite what they might have heard, I had no intention of shutting down the bureau. As members of the executive branch, we are charged with faithfully executing the law. The law mandates that we enforce consumer-protection laws, and we will continue to do so under my watch. read more
FTC SENDING REFUND CHECKS TOTALING MORE THAN $533,000 TO CONSUMER VICTIMS OF PHONY MORTGAGE RELIEF SCAM The Federal Trade Commission is mailing 862 refund checks totaling more than $533,000 to consumers deceived by a phony mortgage relief scheme allegedly perpetrated by a company called A to Z Marketing, Inc. Starting today, many homeowners who paid for the bogus "service" will receive refunds, with the average check totaling $619.24 and representing 26 percent of the money consumers lost. read more
STATEMENT BY ACTING FTC CHAIRMAN MAUREEN K. OHLHAUSEN REGARDING ANNOUNCEMENT OF THE PRESIDENT'S INTENT TO NOMINATE HER TO THE U.S. COURT OF FEDERAL CLAIMS "I am honored that the President has expressed his intent to nominate me to be a judge on the U.S. Court of Federal Claims, one of the oldest federal courts in our nation. In the meantime, I will continue to serve at the Federal Trade Commission until a time when I may be so fortunate as to be confirmed to the Court of Federal Claims by the United States Senate." read more
CONSUMER FINANCIAL PROTECTION BUREAU INVESTIGATION OF WORLD ACCEPTANCE CORPORATION COMPLETED GREENVILLE, S.C.--(BUSINESS WIRE)--World Acceptance Corporation (NASDAQ: WRLD), one of the largest small-loan consumer finance companies in North America, today announced the company received a letter from the Consumer Financial Protection Bureau indicating the investigation into the company's marketing and lending practices has been completed. read more
COURT OF APPEALS AGREES TO QUICKLY REVIEW LEGAL BATTLE OVER CFPB LEADERSHIP After a series of legal defeats in the fight over who's really in charge of the Consumer Financial Protection Bureau, Leandra English finally received a bit of good news this week. read more
JPMORGAN RAISING WAGES AFTER PASSAGE OF TAX REFORM While the long-term impacts of the tax reform bill passed by Congress and signed into law by President Trump remain to be seen, at least one major corporation is investing some of their tax windfall into continuing growth. According to U.S. News & World Report, JPMorgan is raising hourly employee wages, hiring thousands of new employees, and opening new branches around the country. read more
SAVE THE DATE - DEBT CONNECTION SYMPOSIUM AND EXPO 2018 SEPTEMBER 5-7, 2018 AT THE JW MARRIOTT AUSTIN IN AUSTIN, TX Dennis and Judy Hammond present Debt Connection Symposium and Expo 2018 where collection compliance takes center stage. An exciting concept in conferences - focusing on oversight, education, networking and connecting with clients, service providers, product suppliers, agencies and attorneys. Whether you are a Creditor, Debt Buyer, Collection Agency, Attorney or Industry Vendor, from the compliance, operations or relationship management side of the business, Debt Connection Symposium and Expo will provide you a high quality conference experience with a solid lineup of opportunities for your educational and networking needs. read more
NEW ROUNDTABLES ANNOUNCED FOR COLLECTION AND RECOVERY SOLUTIONS 2018 IN LAS VEGAS, NV Resource Management Services, Inc. is pleased to announce new roundtable sessions by Todd Stephenson of Practical Assurance and Ray Wagner of BBVA Compass, at the Collection and Recovery Solutions 2018 conference at the Four Seasons Hotel, Las Vegas May 9 - 11, 2018. read more
DAKCS SOFTWARE AND PDCFLOW GIVE BACK TO THE COMMUNITY THROUGH SUPPORT FOR THE ELDERLY AND SPONSORSHIP OF LA ROCA GIRLS' DEVELOPMENT ACADEMY TEAMS OGDEN, UT - January 23, 2018 - DAKCS Software and PDCflow are promoting support for the elderly through volunteerism. The local Utah software companies recently partnered with La Roca Girls' Development Academy soccer teams to provide an opportunity for residents of Genesis, Washington Terrace Healthcare Center - which specializes in short-term rehabilitative, long term and hospice care - to visit with youths in the community and benefit from their attention and service. read more
TOTAL FHFA PREVENTION ACTIONS EDGE CLOSE TO 4 MILLION Collectively, Fannie Mae and Freddie Mac sealed 18,034 foreclosure prevention actions back in October, bringing the combined total to 3,990,723 since the GSE conservatorships launched in September 2008, so says the Federal Housing Finance Agency's (FHFA) October 2017 Foreclosure Prevention Report. read more
US BANKS SUFFER 20% JUMP IN CREDIT CARD LOSSES The big four US retail banks sustained a near 20 per cent jump in losses from credit cards in 2017, raising doubts about the ability of consumers to fuel economic expansion. read more
PAYDAY LOANS ARE A BAD IDEA FOR MILITARY MEMBERS DURING GOVERNMENT SHUTDOWN, KEESLER SAYS Keesler Air Force Base is urging military members to avoid taking out payday loans during the government shutdown and instead to check with military friendly banks. read more
FORTUNE RECOGNIZES U.S. BANK AS A 2018 WORLD'S MOST ADMIRED COMPANY MINNEAPOLIS--(BUSINESS WIRE)--Jan. 19, 2018-- Fortune magazine today named U.S. Bank a World's Most Admired Company, recognizing several of U.S. Bank's attributes as most admired among all companies and naming it the world's most admired superregional bank for the eighth consecutive year. read more
FTC HALTS DECEPTIVE MORTGAGE LOAN MODIFICATION SCHEME The Federal Trade Commission has charged a mortgage loan modification operation with deceiving financially distressed homeowners by falsely promising to prevent foreclosure and make their mortgages more affordable. A federal court temporarily halted the scheme and froze the defendants' assets at the FTC's request. read more
MULVANEY REQUESTS ZERO FUNDING FOR CFPB IN Q2 In his first request to the Federal Reserve for funding, Mick Mulvaney, acting Director of the Consumer Financial Protection Bureau (CFPB) requested for zero dollars in funding for Q2. The Federal Reserve directly funds the consumer agency, with directors sending their requests for funding for the quarter. read more
NAFCU-SOUGHT HMDA REG RELIEF BILL PASSES HOUSE The House yesterday passed, by a vote of 243-184, the NAFCU-backed Home Mortgage Disclosure Adjustment Act (H.R. 2954), which would ease credit unions' compliance burden related to the Home Mortgage Disclosure Act's (HMDA) reporting and recording keeping requirements. read more
CFPB SIGNALS SHIFT BY DROPPING PAYDAY LENDER LAWSUIT The Consumer Financial Protection Bureau is dropping a lawsuit against a group of payday lenders associated with an American Indian tribe in a sign the regulator is changing direction under Mick Mulvaney, the acting director appointed by the Trump administration. read more
ATTORNEY GENERAL BECERRA: TRUMP OFFICIALS TREAT CONSUMER FINANCIAL PROTECTION AS A "JOKE" SACRAMENTO -- California Attorney General Xavier Becerra today issued the following statement on the news that legally-challenged Acting Director Mick Mulvaney of the Consumer Financial Protection Bureau (CFPB) has decided to request a total of $0 for the second-quarter budget of the agency he professes to run read more
FED'S QUARLES DRAWS REGULATORY ROAD MAP TO EASE BANK RULES Federal Reserve Vice Chairman Randal Quarles, the central bank's supervision chief, shared a laundry list of ways to make regulation less burdensome for Wall Street -- including streamlining capital rules, overhauling post-crisis trading limits and making major changes to how the agency conducts stress tests. read more
MRS BPO, LLC PARTNERS WITH JFCS TO MAKE COMMUNITY IMPACT Cherry Hill, New Jersey - New Jersey-based debt collection agency MRS BPO, LLC, one of the country's premiere accounts receivable management firms, and non-profit social services agency JFCS of Southern New Jersey (www.jfcssnj.org), recently announced their partnership to work together, on an ongoing basis, for volunteer, fundraising and food collection initiatives to help those in need in Southern New Jersey. 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 |
$781,000.00 Auto Deficiencies National Debt Holdings, LLC http://www.debtconnection.com/portfolio.asp?8141 More information about this company can be found here: http://www.debtconnection.com/moreinfo.asp?6735
$357,389.00 Credit Cards Sea Side Management, LLC http://www.debtconnection.com/portfolio.asp?8140 More information about this company can be found here: http://www.debtconnection.com/moreinfo.asp?7864
$887,000.00 Payday Loans National Debt Holdings, LLC http://www.debtconnection.com/portfolio.asp?8139 More information about this company can be found here: http://www.debtconnection.com/moreinfo.asp?6735
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Agency |
ARVATO FINANCIAL SOLUTIONS
+49 5241 80-43340
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Debt Buyers |
EMPIRE CAPITAL FUNDING GROUP, INC
855-551-5255
TITLE LOANS OF NORTH PARK
619-694-4943
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Repo Services |
RESOLUTION MANAGEMENT GROUP
855-383-4800
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Software |
CONTACT CUBED
800-511-0662
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Industry Events
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Customer Contact Week
CCW
Hyatt Regency New Orleans
New Orleans, LA
January 22 - 25, 2018
More Information
Fighting Consumer Fraud and Identity Theft in New York
Federal Trade Commission
Webinar
January 23, 2018
More Information
Free Webinar: Fighting Back Against Tax Identity Theft and IRS Imposter Scams
Federal Trade Commission
Webinar
January 29, 2018
More Information
Receivables Management Association International 21st Annual Conference
Receivables Management Association International (RMA)
Aria Resort & Casino
Las Vegas, NV
February 6 - 8, 2018
More Information
PrivacyCon 2018
Federal Trade Commission
CONSTITUTION CENTER
Washington, DC
February 28, 2018
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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