W.V. AG SUES COLLECTOR FOR BREAKING TERMS OF SETTLEMENT, SEEKS SHUTDOWN AND FINE
- The Attorney General of West Virginia has filed a lawsuit in state court seeking to fine a New York collection agency for operating in the state without a license as well as ban the company from collecting debts in the Mountain State. The suit was filed after the company signed an agreement with the AG’s office where it promised to comply with all laws, refund consumers of payments that were made, and pay a fine — a settlement on which the company allegedly reneged, according to the complaint.
BILL INTRODUCED TO COMPENSATE WHISTLEBLOWERS FOR REPORTING WRONGDOING TO CFPB
- A bill has been introduced in the Senate that would reward whistleblowers for reporting wrongdoing to the Consumer Financial Protection Bureau with as much as 30% of a settlement award or up to $50,000 if the settlement is less than $1 million.
CFPB NAMES NEW MEMBERS TO ADVISORY BOARD — NONE FROM ARM INDUSTRY, AGAIN
- Once again, the Consumer Financial Protection Bureau has opted not to include anyone from the accounts receivable management industry on its Consumer Advisory Board, despite multiple individuals from the industry who applied for a spot.
POSTAGE COSTS GO UP AS USPS ADJUSTS DELIVERY TIMELINES
- Harry Truman once famously asked his wife, Bess, “Why is it that only sons of bitches know how to lick a stamp?” For companies in the accounts receivable management industry, the cost to lick and put stamps on letters is about to go up again, at the same time that the United States Postal Service is adjusting its service standards to give itself more time to deliver the mail.
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