Recent Posts

Senator Opens Probe Into Potential Civil Service Violations at CFPB

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Rohit Chopra hasn’t even been confirmed by the Senate to be the next Director of the Consumer Financial Protection Bureau and he’s already being asked questions by a leading Senate Republican after a report was published this week detailing how the Biden administration is attempting to “sideline” top officials at …

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DCM Services Names Elva Krantz Vice President of Human Resources

Minneapolis, MN — June 17, 2021 — DCM Services, LLC (DCMS) the industry leader in estate and specialty account recovery solutions, announces the addition of Elva (Betz) Krantz, SHRM-SCP to its senior leadership team. Elva will lead the DCMS Human Resources team as Vice President, Human Resources. Krantz is a …

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CFPB to Restart Examinations Related to Military Lending

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The Consumer Financial Protection Bureau yesterday issued an interpretive rule that reverses a policy decision put in place under the Bureau’s former leadership that will restart examinations in order to enforce the Military Lending Act. The CFPB, under former Acting Director Mick Mulvaney announced in 2018 that it would not …

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Ed. Dept. Cancels $500M in Loans for Scammed Students

The Department of Education announced yesterday that is canceling the student loan debts for 18,000 individuals who were scammed by a defunct for-profit college. The total amount of the loans being forgiven is about $500 million. The students in question attended ITT Technical Institute, which collapsed in 2016 after it …

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Getting to Know Catherine Calko of Spring Oaks Capital

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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Healthcare Provider Sells $278M in Debt to RIP Medical Debt

A healthcare provider has agreed to sell $278 million in medical debt, affecting 82,000 patients, as part of an agreement with the charity RIP Medical Debt. This is the first time the charity has purchased debt directly from a healthcare provider. Ballad Health made the announcement yesterday. It operates 21 …

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