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Friday, March 16, 2018
This Week Articles:
DC CIRCUIT'S TCPA DECISION RELEASED TODAY
Long-awaited TCPA court decision was just released today
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ATTORNEY GENERAL FROSH JOINS BIPARTISAN COALITION URGING CONGRESS TO REJECT LEGISLATION BLOCKING STATE OVERSIGHT OF STUDENT LOAN SERVICING INDUSTRY
BALTIMORE, MD (March 16, 2018) - Maryland Attorney General Brian E. Frosh today joined a bipartisan coalition of 30 Attorneys General in a letter urging Congress to reject
legislation that would block states from preventing and combatting fraud and abuse by the student loan industry.

read more

UTAH OPERATION RESPONSIBLE FOR MAKING MORE THAN 117 MILLION ILLEGAL TELEMARKETING CALLS TO CONSUMERS SETTLES FEDERAL TRADE COMMISSION CHARGES
Three Utah-based firms and their owner, which a federal court jury in 2016 found deceptively and illegally called more than 117 million consumers pitching their movies, have agreed to a proposed court order settling the Federal Trade Commission's charges against them. The U.S. Department of Justice (DOJ) secured the defendants' agreement to the proposed order imposing civil penalties and prohibiting telemarketing abuses, and filed it with the court on the behalf of the FTC.
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BIPARTISAN PUSH BEGINS IN CONGRESS TO CHANGE CFPB LEADERSHIP TO COMMISSION
While some congressional Democrats and Republicans are fighting over who's supposed to be serving as the director of the Consumer Financial Protection Bureau right now, a handful of their colleagues want to do away with the bureau's single director structure altogether.
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DELINQUENCIES ON THE DECLINE
According to the latest installment of CoreLogic's monthly Loan Performance Insights Report, nationally 5.3 percent of mortgages were in some stage of delinquency during December 2017. That figure includes mortgages in foreclosure. The total is exactly the same percentage as a year prior in December 2016.
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CFPB ISSUES REQUEST FOR INFORMATION ON ADOPTED REGULATIONS AND NEW RULEMAKING AUTHORITIES
WASHINGTON, D.C. - The Consumer Financial Protection Bureau (Bureau) today issued a Request for Information (RFI) on the Bureau's adopted regulations and new rulemaking authorities. The Bureau is seeking comments and information from interested parties to assist the Bureau in considering whether it should amend any rules it has issued since its creation or issue rules under new rulemaking authority provided for by the Dodd-Frank Act. This is the eighth in a series of RFIs announced as part of Acting Director Mick Mulvaney's call for evidence to ensure the Bureau is fulfilling its proper and appropriate functions to best protect consumers. This RFI will provide an opportunity for the public to submit feedback and suggest ways to improve outcomes for both consumers and covered entities. The next RFI in the series will address the Bureau's inherited regulations and inherited rulemaking authorities, and will be issued next week.
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SENATE VOTES TO PASS DODD-FRANK MODIFICATIONS
The United States Senate today voted to advance S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act, after several weeks of debate, amendments, and negotiation.
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CHERRYWOOD ENTERPRISES, LLC HIRES 2 INDUSTRY PROFESSIONALS TO ITS TEAM!
Cherrywood Enterprises, LLC a buyer and seller of debt portfolios has hired Lesley Moravick, as its Marketing Manager and Portfolio Acquisition Specialist, and Colleen George as Business Development Manager. Both have had experience in the industry, Lesley with portfolio acquisitions, and Colleen with managing collection teams for some of the most notable collection agencies in the industry!
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CONSUMERS TOOK ON MORE DEBT AND PAID ON TIME IN 2017
Household debt reached an all-time high of $13.15 trillion at the end of 2017, according to Federal Reserve data. Still, a new TransUnion report showed that across numerous credit products, a healthy consumer credit market emerged for the year, along with increased access to loans, greater usage, and relatively low delinquency levels.
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NEW ANALYTICS ENGINE DELIVERS FASTEST INTELLIGENCE FROM CUSTOMER INTERACTIONS AT SCALE
Orlando, FL - March 13, 2018 - CallMiner, the leading platform provider of award-winning speech and customer engagement analytics, announced today at Enterprise Connect 2018 that the company has made significant enhancements to its cloud-based customer engagement analytics platform, CallMiner Eureka, to increase speed to intelligence, reliability, and scaling capabilities.
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CONSUMER BANKERS BACK SENATE BANK REFORM LEGISLATION
The Consumer Bankers Association (CBA) is lobbying Senate leaders to support the Economic Growth, Regulatory Relief and Consumer Protection Act, which includes measures to reform regulations for banks.
read more

PENFED ANNOUNCES $25,000 DONATION TO U.S. ARMY WOMEN'S FOUNDATION
TYSONS, Va., March 13, 2018 /PRNewswire-USNewswire/ -- PenFed credit union President and CEO James Schenck announced a $25,000 donation from the credit union to the U.S. Army Women's Foundation. PenFed's $25,000 donation will help advance education and career opportunities for women in the military and honor exceptional women soldiers.
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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
$3,205,200.00     Other
Liberty Credit Management
http://www.debtconnection.com/portfolio.asp?8185  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?8084  

$8,820,510.00     Retail
BAL Financial LLC
http://www.debtconnection.com/portfolio.asp?8184  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1774  

$17,143,503.00     Credit Cards
BAL Financial LLC
http://www.debtconnection.com/portfolio.asp?8183  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1774  

$19,000,000.00     Auto Deficiencies
National Debt Holdings, LLC
http://www.debtconnection.com/portfolio.asp?8182  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6735  

Industry Events
NASP 2018 Subrogation Litigation: Skills and Management Conference
National Association of Subrogation Professionals (NASP)
The Roosevelt
New Orleans, LA
March 22 - 23, 2018
More Information


National Credit Union Collections Alliance Annual Conference 2018
National Credit Union Collections Alliance (NCUCA)
Venetian Las Vegas
Las Vegas, NV
April 4 - 6, 2018
More Information


LendIt Fintech USA 2018
LendIt
Moscone West
San Francisco, CA
April 9 - 11, 2018
DCS Special Discount Code: DebtConnection15%
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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