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Home Daily Digest

Daily Digest – December 12. Kraninger Tries to Step Out of Mulvaney’s Shadow on First Day at BCFP; BCFP Aims to Make it Easier for Companies to Get No-Action Letters

mikegibb by mikegibb
December 12, 2018
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The Daily Digest is sponsored by Beam Software. A Microsoft Gold Certified Partner, Beam is a thought leader in portfolio management and collection software. They offer both cloud-based and on-premise solutions to accommodate the entire collection continuum. For more information, please visit www.beamsoftware.com or call (800) 212-2326.

 

KRANINGER TRIES TO STEP OUT FROM MULVANEY’S SHADOW ON FIRST DAY AT BCFP

  • Continuing her pattern of “less is more” when it comes to sharing her thoughts, Kathy Kraninger, the new permanent director of the Bureau of Consumer Financial Protection was guarded during a 25-minute session with reporters yesterday, but did offer a few glimpses into her priorities now that she is in charge of the regulator.

 

BCFP AIMS TO MAKE IT EASIER FOR COMPANIES TO RECEIVE NO-ACTION LETTERS

  • The Bureau of Consumer Financial Protection has announced that it will issue a proposal to re-write its policy regarding the issuance of No-Action letters, which provide assurances to regulated companies that the agency will not take legal action if a new product or service is found to have violated consumer protection laws.

 

COMPANIES COME TOGETHER TO LAUNCH DIGITAL DEBT COLLECTION PLATFORM

  • A pair of companies have announced they have joined forces “to bring the digital self-service revolution to debt collection.” The companies — Zappix Inc. and Cloud Collections — have created the Zappix Digital Debt Collection solution.

 

 

WORTH NOTING: The government paid a consultancy $14 million to hire recruits. How many were hired? Two … An earthquake hit Tennessee early this morning … President Trump said he thinks the public would rise up and revolt if he were ever impeached … Kathie Lee Gifford is leaving the “Today” show … The Arctic Ocean has lost 95% of its oldest ice, which is not good for the rest of the world … Krispy Kreme has a special offer today … The most popular search terms for 2018 … The most binge-watched shows on Netflix in 2018 … The psychological power of the toys we keep from our childhoods … Meet a mother who owes $200,000 in student loans for her daughter.

The Oval Office showdown

Protect yourself from gift card scams

The Daily Digest is sponsored by Beam Software. A Microsoft Gold Certified Partner, Beam is a thought leader in portfolio management and collection software. They offer both cloud-based and on-premise solutions to accommodate the entire collection continuum. For more information, please visit www.beamsoftware.com or call (800) 212-2326.

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