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CFPB ISSUES RULE OUTLINING HOW STATES CAN ENACT CREDIT REPORTING LAWS Just because grandma allows your kids to run in her house does not mean that you have to let them run in yours, the Consumer Financial Protection Bureau announced to states yesterday, issuing an interpretive rule reminding them that …

A new payment platform, which allows consumers to split payments across multiple debit and credit cards, has announced that it has raised $5.5 million to help it launch. Among the investors in the platform are Odell Beckham, Jr., and actress Robin Wright, according to a published report. The platform, called …

Rohit Chopra, the Director of the Consumer Financial Protection Bureau, has finally gone too far, in the eyes of the U.S. Chamber of Commerce and three national banking trade groups, who yesterday started campaigns to draw attention to what they labeled as Chopra’s “radical agenda and reckless actions.” The Chamber …

Just because grandma allows your kids to run in her house does not mean that you have to let them run in yours, the Consumer Financial Protection Bureau announced to states yesterday, issuing an interpretive rule reminding them that the Fair Credit Reporting Act does not preempt states from enacting …

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any …

JUDGE GRANTS MTD IN FDCPA CASE OVER ‘GENERIC’ REFERENCES IN LETTER A District Court judge in New Jersey has granted a defendant’s motion to dismiss, ruling the plaintiff lacked standing filing a class-action lawsuit against a collection law firm, accusing it of violating the Fair Debt Collection Practices Act because …

A growing number of small businesses are offering their employees health benefits related to mental health, at levels that have not been seen for more than a decade, according to a published report, which was based on a survey conducted by the Society of Human Resources Executives. Ninety-one percent of …

A private holding company that says it is actively seeking to purchase accounts receivable management firms has announced the acquisition of a collection agency based in Washington. Terms of the deal were not disclosed. Thomas Crown Inc., which was formed in 2019, announced the purchase of Rainier Collections Services, based …

In an update that was first published by ACA International, the Rhode Island legislature has passed a bill that will require debt collectors to obtain a bond before they can be licensed. The bill, S. 2794, is now heading to the desk of Rhode Island Gov. Daniel McKee for his …

A District Court judge in New Jersey has granted a defendant’s motion to dismiss, ruling the plaintiff lacked standing filing a class-action lawsuit against a collection law firm, accusing it of violating the Fair Debt Collection Practices Act because the pronouns used in a collection letter were too generic. A …

CINCINNATI, Ohio – Recovery Decision Science, LLC (RDS) has acquired the assets and technology of Geist Holdings, Inc. (Geist), a skiptrace processing organization that applied proprietary data mining and quantitative analytics to provide unparalleled service finding account holder places of employment.  This acquisition improves and complements the services that RDS …

COMPLAINT ALLEGES COLLECTOR VIOLATED REG F’S DEBT PARKING PROHIBITION A lawsuit has been filed against a collection agency for violating the Fair Debt Collection Practices Act and the “debt parking” provisions of Regulation F — in what might be the first such lawsuit filed following the enactment of the debt …

We are less than a decade away from humans being unable to determine whether they are speaking with a human or a bot during webchat sessions, according to a published report. Chatbots are becoming a more common component of customer service offerings in the financial services industry, and offer companies …

A District Court judge in Illinois has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case, ruling that emails sent to the plaintiff by the defendant did not violate the statute. The case presents an interesting twist on standing to sue under the FDCPA …

A lawsuit has been filed against a collection agency for violating the Fair Debt Collection Practices Act and the “debt parking” provisions of Regulation F — in what might be the first such lawsuit filed following the enactment of the debt collection rule last November. A copy of the complaint …