A.G. Schneiderman Joins Bipartisan Coalition Of 20 AGs Urging Congress: Don’t Give Lawyers A License To Use Abusive Debt Collection Practices
NEW YORK – Attorney General Eric T. Schneiderman, part of a bipartisan coalition of 20 state attorneys general, submitted a letter today urging Congress to oppose the Practice of Law Technical Clarification Act of 2018, which would strip away protections against debt collection attorneys who take unfair advantage of state courts to intimidate, harass and deceive consumers.
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PenFed Foundation Launches Veteran Entrepreneur Investment Program
TYSONS, Va., April 19, 2018 /PRNewswire-USNewswire/ -- Today the PenFed Foundation announced the launch of its new Veteran Entrepreneur Investment Program (VEIP). Through Foundation contributions and matching funding of up to $1 million from PenFed Credit Union in 2018, the program will: provide veteran-owned start-ups with seed capital to build and grow their businesses, create a robust network for veteran-owned businesses to succeed and enable the PenFed Foundation to perpetually re-invest returns in future veteran-owned businesses.
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PRA Group Donates $250,000 to Elizabeth River Trail
NORFOLK, Va., April 20, 2018 (GLOBE NEWSWIRE) -- PRA Group, Inc. (Nasdaq:PRAA), a global leader in acquiring and collecting nonperforming loans, announced it has donated $250,000 to the Elizabeth River Trail Foundation to improve and enhance the waterfront trail in the City of Norfolk.
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Bureau of Consumer Financial Protection Announces Settlement With Wells Fargo For Auto-Loan Administration and Mortgage Practices
WASHINGTON, D.C. — Today the Bureau of Consumer Financial Protection (Bureau) announced a settlement with Wells Fargo Bank, N.A. in a coordinated action with the Office of the Comptroller of the Currency (OCC). As described in the consent order, the Bureau found that Wells Fargo violated the Consumer Financial Protection Act (CFPA) in the way it administered a mandatory insurance program related to its auto loans. The Bureau also found that Wells Fargo violated the CFPA in how it charged certain borrowers for mortgage interest rate-lock extensions. Under the terms of the consent orders, Wells Fargo will remediate harmed consumers and undertake certain activities related to its risk management and compliance management. The Bureau assessed a $1 billion penalty against the bank and credited the $500 million penalty collected by the OCC toward the satisfaction of its fine.
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OCC Assesses $500 Million Penalty Against Wells Fargo, Orders Restitution for Unsafe or Unsound Practices
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today assessed a $500 million civil money penalty against Wells Fargo Bank, N.A., and ordered the bank to make restitution to customers harmed by its unsafe or unsound practices, and develop and implement an effective enterprise-wide compliance risk management program.
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New Arizona Law to Protect Data Breach Victims
PHOENIX - Attorney General Mark Brnovich is proud to announce Governor Ducey signed HB2154 into law, updating and strengthening Arizona’s data breach consumer protection statute. The bill, sponsored by Representative T.J. Shope and authored by the Arizona Attorney General’s Office, bolsters protections and adds notification requirements for victims of a data breach.
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Thomas Pahl to Return to CFPB’s Rulemaking Division
Thomas Pahl is returning to the Consumer Financial Protection Bureau as its policy director for research, markets and regulations, after working at the Federal Trade Commission for many years, most recently as acting director of its Bureau of Consumer Protection.
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Senate repeals auto-loan guidance in precedent-shattering vote
In a vote that could set a precedent for repealing a broad range of regulations opposed by Republicans, the Senate on Tuesday repealed a controversial Consumer Financial Protection Bureau decree on auto-loan financing.
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S&P/Experian Consumer Credit Default Indices Show Bank Card Default Rates Higher For Fourth Consecutive Month In March 2018
NEW YORK, April 17, 2018 /PRNewswire/ -- S&P Dow Jones Indices and Experian released today data through March 2018 for the S&P/Experian Consumer Credit Default Indices. The indices represent a comprehensive measure of changes in consumer credit defaults and show that the composite rate was unchanged at 0.96%.
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FTC Testifies Before U.S. Senate Committee on Commerce, Science and Transportation Providing Update of Agency’s Efforts to Combat Illegal Robocalls
The Federal Trade Commission today updated a U.S. Senate committee on the agency’s continued efforts to combat unwanted and illegal telemarketing robocalls. According to the testimony, consumers are justifiably frustrated by such calls and submitted more than 4.5 million complaints about robocalls in fiscal year 2017. The FTC today reaffirmed its commitment to using every tool at its disposal in its fight against these intrusive and illegal calls.
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Debt collection agency plans Indiana call center, 600 jobs
JEFFERSONVILLE, Ind. (AP) — A debt collection agency plans to open a southern Indiana call center that company officials say will eventually employ more than 600 workers.
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Partial defeat for National Credit Union Administration in US court battle
A legal battle in the US, between the National Credit Union Administration (NCUA) and the American Bankers Association, over the size of the field of membership permitted for credit unions, has brought mixed results in a federal ruling.
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Primeritus Financial Services Receives Top Honor from Ally Financial
NASHVILLE, Tenn., April 17, 2018 /PRNewswire/ -- Primeritus Financial Services, Inc., the leading provider of recovery management, skip tracing and remarketing services for the auto finance industry in the U.S., today announced that it has received Ally Financial's 2017 Supplier of the Year award.
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FTC and FCC to Co-Host Expo on April 23 Featuring Technologies to Block Illegal Robocalls
The Federal Trade Commission (FTC) and Federal Communications Commission (FCC) will co-host a Stop Illegal Robocalls Expo on Monday, April 23, 2018, from 10 a.m. to noon at the Pepco Edison Place Gallery, 702 Eighth Street, NW, Washington, DC 20068.
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U.S. Department of Education and U.S. Department of Veterans Affairs Team Up to Simplify Student Loan Discharge Process for Disabled Veterans
WASHINGTON, D.C. – The U.S. Department of Education (Department) has partnered with the U.S. Department of Veterans Affairs (VA) to make it easier for America’s disabled veterans to have their federal student loans discharged.
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This week: NCUA considers rules offering reg relief; Congress discusses illegal robocalls, financial system
Both the House and Senate are in session this week. Committees in each chamber will hear testimony from Federal Reserve Vice Chairman Randal Quarles on the U.S. financial system, and House and Senate committees will hold hearings on stopping abusive robocalls. The NCUA Board meets Thursday and will consider two rules that would offer credit unions greater flexibility in capital planning and advertising.
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(602) 889-3655
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Central Research, Inc.
(707) 217-9500
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TrueAccord
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Epicenter Technologies
(855) 884-7592
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SIMM Associates, Inc.
(302) 283-2802
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UCB, Inc.
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SRA Associates, Inc.
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NCB Management Services, Inc.
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Blue Top Asset Management LLC
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GDC Solutions LLC
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Viking Enterprises, LLC
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Troy Capital, LLC.
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National Recovery Solutions, LLC
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Gotham Collection Services Corporation
(516) 482-3210
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Cherrywood Enterprises, LLC
(561) 508-7650
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Bloomfield Financial Group, LLC
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Asset Recovery Associates
(888) 310-1550
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Absolute Resolutions Corp
(800) 713-0670
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Premier Asset Management, LLC
(605) 999-3249
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ACI Worldwide
(402) 390-7600
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Paymentus
(980) 255-3000
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VoApps
(470) 809-6584
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Katabat
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CallMiner
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DRN Digital Recognition Network
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CMAX Finance LLC
(312) 778-8950
Cornerstone Support, Inc.
(888) 445-8660
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Bayview Solutions LLC
(866) 546-9088
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Viking Portfolio Management, Inc.
(877) 217-0124
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Sea Side Management, LLC
(800) 917-7183
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Platinum Holdings Group, LLC
(714) 316-2740
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National Debt Holdings, LLC
(877) 277-5571
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Liberty Credit Management
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Capital Debt Solutions, LLC
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BAL Financial LLC
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Argonaut Financial, LLC
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Synartis Asset Management / Portfolio Recovery Law Group
(404) 889-8425
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Winn Law Group
(714) 446-6686
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Phin Solutions
(763) 633-7007
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Peritus Portfolio Services
(866) 831-5954
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VeriFacts, Inc.
(800) 542-7434
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Estate Information Services
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PCI Group Inc
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Telrock Systems, Inc.
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Palmetto Debt Management Partners, LLC
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DSP Holdings, Inc., dba Debt Sales Partners
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