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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.   SENATORS URGE …

A conservative think tank does not put the proposed debt collection rule as one of the top five priorities facing Kathy Kraninger, the new director of the Bureau of Consumer Financial Protection, although one of those priorities is an area that impacts the ARM industry. The priorities facing Kraninger, at …

Well, at least he was trying to go somewhere nice. Brandon Frere, the chief executive and founder of Ameritech Financial, a student loan debt relief company, was caught and arrested at San Francisco International Airport last week as he was trying to board a flight to Cancun after he was …

When it comes to being able to afford to pay for healthcare, younger individuals are having a significantly harder time than older individuals, according to the results of a survey that was released over the weekend. Nearly one-third of people under the age of 35 have put off, delayed, or …

Andrew Smith, the chief of the Consumer Protection Bureau at the Federal Trade Commission, has more than 120 potential conflicts of interest including a number of companies in the ARM industry, according to a published report. The conflicts stem from Smith’s work as a lawyer in the private sector before …

A group of 10 Senate Democrats have sent a letters to Ajit Pai, the chairman of the Federal Communications Commission, urging the agency not to re-classify text messages as information services instead of an information service, a decision it is expected to consider at a meeting on Wednesday. “Should text …

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.   INDUSTRY REACTS …

Yesterday, as was widely reported and widely expected, the Senate confirmed Kathy Kraninger to be the next director of the Bureau of Consumer Financial Protection. Kraninger takes over from Mick Mulvaney, who had been acting director following the resignation of former director Richard Cordray. Kraninger’s term atop the BCFP is …

The cost of health insurance continues to outpace any increase in wages employees might be receiving, which means healthcare is eating up even more of the income people are bringing home every week, concludes another depressing study. This study, conducted by the Commonwealth Fund, revealed that when adding the cost …

A pair of law professors — and members of the American Bar Association — are calling out the ABA for endorsing the Practice of Law Technical Clarification Act of 2018, which would exempt lawyers “engaged in litigation activities” from complying with the Fair Debt Collection Practices Act, saying that the bill …

It is undeniable that the Bureau of Consumer Financial Protection has taken fewer enforcement actions in the year following the resignation of former director Richard Cordray, who was nominated to the post by former President Barack Obama, than it did while Cordray was in office, and a law professor from …

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.   GETTING TO …

A published report says that Senate Majority Leader Mitch McConnell [R-Ky.], is planning on putting the nomination of Kathy Kraninger before the full Senate today to confirm her as the next director of the Bureau of Consumer Financial Protection. It is expected that Kraninger’s nomination will pass the Senate and …

In yet another case involving a plaintiff accusing a collection agency of violating the Fair Debt Collection Practices Act by not clearly identifying the name of the creditor in a collection letter, a federal judge in the Western District of Washington has granted a motion for summary judgment in favor …

Being labeled as controversial is likely never a good thing, especially when you’re a collection agency. But a local news publication in Rhode Island has used that adjective to describe Transworld Systems, which just entered into a contract with the Cranston (R.I.) School Department to help collect unpaid school lunch …