It appears as though Mick Mulvaney, the acting director of the Bureau of Consumer Financial Protection, is a big believer in the Ferber method. For those of you who don’t know what the Ferber method is, you must not be parents. The Ferber method is a means of teaching young …
Read More »Enhanced Resource Centers Appoints Jason Davis to Chief Compliance Officer
JACKSONVILLE, Fla., Sept. 06, 2018 (GLOBE NEWSWIRE) — Enhanced Resource Centers (ERC), an international business process outsourcing (BPO) and a full service, end-to-end provider for every aspect of the customer life cycle, announced today the promotion of Jason Davis to the role of Chief Compliance Officer. Davis, a known industry …
Read More »PCI Group’s 911 Memorial Remembrance
On September 11, 2018 the employees of PCI Group gathered at 8:46 AM outside the company’s headquarters to honor the brave men and women who lost their lives on September, 11, 2001. This year marks the 17th consecutive year that PCI has gathered to honor the 2977 civilians, firefighters and rescue …
Read More »Regulators, Including BCFP, Clarify Supervisory Guidance Not The Same As Rules & Regs
A number of federal regulators, including the Bureau of Consumer Financial Protection, joined together yesterday and issued a statement clarifying how supervisory guidance will be used and applied going forward, making sure to let everyone know that it has no legal bearing and should not be interpreted the same as …
Read More »RevSpring and Apex Announce Strategic Combination
LIVONIA, MI and ST. PAUL, MN (September 11, 2018) – RevSpring and Apex Revenue Technologies announced today that they have entered into a definitive agreement to combine in a strategic transaction. The combined company, which will continue to conduct business as RevSpring, will be the leading provider of intelligent multi-channel …
Read More »Audit Blasts Effectiveness of IRS Private Collection Agency Program
The Internal Revenue Service is not giving the four private collection agencies it contracted with to collect on outstanding debts very good accounts, according to the results of an audit released last week by the Treasury Inspector General for Tax Administration, but those collection agencies are also not very good at …
Read More »BCFP Announces New CAB Members; None From ARM Industry
The Bureau of Consumer Financial Protection on Friday announced its newly redesigned Consumer Advisory Board, Credit Union Advisory Council, and Community Bank Advisory Council, each a more streamlined version of their predecessors. The Consumer Advisory Board, for example, now has nine members, down from 25 when they were all fired …
Read More »CDS Software and Innovative E-Pay Solutions Announce Integration
MIRAMAR BEACH, Fla., September 9, 2018 — “It is my pleasure to announce that Innovative E-Pay Solutions and CDS Software have formalized our longstanding relationship. This partnership will allow CollectOne users to recognize the benefits of real-time payment processing through their CollectOne interface and IES merchant account programs that are designed …
Read More »BCFP Issues Streamlined Supervisory Highlights Report
The Bureau of Consumer Financial Protection yesterday released its 17th Supervisory Highlights report, albeit the first under acting director Mick Mulvaney. The report covers supervisory and enforcement activities at the bureau between December 2017 and May 2018. The report has been on a diet and health kick in the past …
Read More »Heated Start Only Adds to Theatrics For Kavanaugh’s Confirmation
It took nearly seven hours, but Brett Kavanuagh finally got to speak at his confirmation hearing yesterday to be the next justice of the Supreme Court. Those intervening seven hours were a mash-up of theatrics and partisan bickering as Democrats on the Senate Judiciary Committee attempted to postpone or delay …
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