CFPB INVESTIGATING VENMO OVER DEBT COLLECTION PRACTICES
- The Consumer Financial Protection Bureau is investigating the debt collection practices of Venmo, the digital money transfer service operated by PayPal, the company announced on Friday in a regulatory filing. Venmo has received a Civil Investigative Demand from the CFPB on January 21, the day after former director Kathleen Kraninger resigned from the agency.
N.M. LEGISLATURE ADVANCES MEDICAL DEBT COLLECTION BILL
- A bill is advancing through the state legislature in New Mexico that would prevent healthcare providers from placing collection accounts or filing lawsuits against individuals who make less than 200% of the federal poverty level while also providing a private right of action should a patient want to sue for an alleged violation of the law.
DFPI SEEKS COMMENTS ON CCFPL RULEMAKING PROCESS
- For the accounts receivable management industry, this might be one of those times where it is good to speak up. The California Department of Financial Protection and Innovation (DFPI) on Thursday published an invitation for comments as it determines the rules it needs to implement in order to enforce the California Consumer Financial Protection Law (CCFPL).
READ EXPERT PERSPECTIVES ON TRENDING COMPLIANCE TOPICS
- Click here to read this week’s Compliance Digest. You’ll get insights and opinions from six different compliance experts — Michael Klutho, Mike Frost, Brit Suttell, Judd Peak, Ethan Ostroff, and Katherine O’Brien — discussing the impact of recent court cases and legislative updates. You’re not going to get that kind of varied perspective anywhere else. The Compliance Digest is sponsored by The Bedard Law Group.
COLLECTION FINTECH COMPLETES ACQUISITION TO ENTER U.S. MARKET, ANNOUNCES KEY HIRES
- InDebted, the Sydney headquartered fintech that specializes in digital debt collection for unsecured consumer debt, today announced that it has acquired Delta Outsource Group Inc. (Delta) in the USA to launch its product and service into the American market, and hired three key executives to help globally scale InDebted.
WORTH NOTING: Some bold ideas to help kids catch up from the disruptions of remote learning … Cleaning mistakes you might not know you are making … If you got a letter denying your stimulus funds, it might have been sent in mistake … Eleven steps to impress your boss and thrive in your job … The art and charm of learning to say no … Re-watch all the commercials from last night’s Super Bowl … What “The Queen’s Gambit” did for chess, “Bridgerton” is doing for corsets … The essential geography of an office.
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Music Monday
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