Recent Posts

Provana Partners with The Bureaus, Inc. to Redefine Media Management

March 1, 2021, Chicago, IL. —  Provana, a leading provider of best-in-class technology solutions is proud to announce the release of the Provana Media Cabinet.  The Media Cabinet streamlines the processes debt buyers, creditors, and lenders use to manage the distribution of account-related documents, within their network. As an extension …

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Bill Introduced in Senate to Double Anti-Spoofing Fines

A bipartisan bill has been introduced in the Senate that would double the penalties for individuals or entities that spoof Caller ID numbers as a means of combatting illegal robocalls. S.594, the Anti-Spoofing Penalties Modernization Act is sponsored by Sen. Susan Collins [R-Maine], and co-sponsored by Sen. Krysten Sinema [D-Ariz.], …

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Performant to Lay Off 90 at Oregon Location

Performant Recovery has filed a notice with the state of Oregon that it is planning on laying off 60 employees at its location in Grants Pass, Ore., and will not bring back 31 employees who had been furloughed, citing the COVID-19 pandemic and changes to student loan collections as the …

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FDCPA Class-Action Filed Against Debt Buyer, Collector

A class-action lawsuit has been filed in federal court in New Jersey, alleging that a debt buyer and the collector it hired allegedly violated the Fair Debt Collection Practices Act because it sent a collection letter to an individual without the debt buyer having a proper license to operate in …

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Online Lender Discloses CFPB Investigation Into Collection Practices

Opportun Inc., a unit of Opportun Financial Corp., a consumer finance lender that caters to Latino immigrants, disclosed yesterday that its lending and debt collection practices are being investigated by the Consumer Financial Protection Bureau as part of an apparent wider investigation into whether small dollar lenders have violated federal …

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Getting to Know Andrew Schwartz of Gordon & Rees

The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management. Product development is driven by customer feedback, agency profitability and compliance and includes platforms addressing client portal access, document management, payment negotiation, Regulation E focused electronic payment authorizations …

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CFPB Report Reveals 11 Million People at Risk of Losing Homes

The number of individuals who are at least three months behind on their mortgages has increased by 250% in the past year, and 11 million renters and homeowners are at risk of losing their homes to foreclosure or eviction, according to a report issued by the Consumer Financial Protection Bureau …

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Judge Denies Motion to Certify Class in FDCPA SOL Suit

A District Court judge in Delaware has denied a motion to certify a class in a lawsuit that alleged a collector violated the Fair Debt Collection Practices Act by falsely representing the legal status of a debt when it sent settlement offers on time-barred debts without disclosing that the statute …

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Breaking Down Chopra’s Confirmation Hearing

If anything, the confirmation hearing held yesterday for Rohit Chopra to be the new director of the Consumer Financial Protection Bureau showed us more about the agendas of the members of the Senate Banking Committee and less about learning the priorities and vision that Chopra has for the agency, should …

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