New App Unveiled to Automatically Block Calls
Companies in the credit and collection space might want to add a new app to the growing list of products...
Dems Take Big Swing At Investigating Student Loan Servicers, Ed. Dept, CFPB
The three Democrats in charge of the House Financial Services Committee, the House Education and Labor Committee, and the House...
Big Spike in New Lawsuits Filed in July: WebRecon
Executives in the credit and collection industry -- especially those working in compliance -- who were hoping for a slow,...
Performant Reports Higher Revenues, But Larger Loss in 2Q
Performant Financial Corp. announced a 14% increase in revenue for the second quarter, compared with the same period a year...
New PRA Call Center To Be Smaller than Originally Announced
PRA Group has scaled back on plans to open a new call center in Danville, Va., and has also delayed...
Daily Digest – August 13. Appeals Court Upholds Ruling that QR Code on Envelope Violates FDCPA; CFPB Reaches $60M Settlement Over For-Profit’s Schools Student Lending Practices
APPEALS COURT UPHOLDS LOWER COURT RULING THAT QR CODE ON ENVELOPE VIOLATES FDCPA Less than two months after hearing arguments...
Consumers Flood CFPB With Comments Opposing Proposed Rule
More than 3,000 comments opposing the proposed debt collection rule were published yesterday, filed by consumers who voiced their concerns...
Fed Data Offers Conflicting Forecasts of Individuals’ Financial Expectations
In yet another sign that individuals tend to be both optimistic and pessimistic at the same time, more people expect...
CFPB Reaches $60M Settlement Over For-Profit School’s Student Loan Practices
The Consumer Financial Protection Bureau has reached a $60 million settlement with the defunct lending arm of a bankrupt for-profit...
Daily Digest – August 12. Creditor Disclosure Does Not Violate FDCPA, Judge Rules; Appeals Court Rules in Lavallee
CREDITOR DISCLOSURE DOES NOT VIOLATE FDCPA, JUDGE RULES A District Court judge in Missouri has granted a motion for judgment...
