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CFPB ANNOUNCES NOV. 30 EFFECTIVE DATE FOR REGULATION F The Consumer Financial Protection Bureau announced on Friday that Regulation F will go into effect on November 30 as originally planned and will not delay the effective date of the rule until January 2022. JUDGE GRANTS DEFENDANT’S MOTION FOR SANCTIONS IN …

A District Court judge in Kansas has granted a petition from the Consumer Financial Protection Bureau to enforce an administrative order that assessed more than $50 million in fines and restitution against an online lender and its chief executive, even though the order has been appealed to the Court of …

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H. Bedard, Jr., or call (678) 253-1871. Every week, …

It is possible that the surge in payments that many companies in the accounts receivable management industry have seen and received since the COVID-19 pandemic hit the United States nearly 17 months ago may likely be on the brink of ending, coinciding with the expiration of a moratorium on evictions …

A District Court judge in Mississippi has granted a defendant’s motion for sanctions and ordered the plaintiff’s attorneys to repay the defendant for 16 months of legal fees in a Fair Debt Collection Practices Act case. A copy of the ruling in the case of Gordon v. United Medical Recovery …

The Consumer Financial Protection Bureau announced today that Regulation F will go into effect on November 30 as originally planned and will not delay the effective date of the rule until January 2022. “The CFPB has now determined that such an extension is unnecessary,” it said in a press release. …

REMOTE WORK, SB248 LAWSUIT, AND MORE DISCUSSED DURING DAY 2 OF ACA’S CONVENTION LAS VEGAS — More sights and sounds from ACA International’s Annual Convention, including a poll about remote work, an update on the industry’s lawsuit attempting to fight back against a medical debt collection law in Nevada, a …

LAS VEGAS — More sights and sounds from ACA International’s Annual Convention, including a poll about remote work, an update on the industry’s lawsuit attempting to fight back against a medical debt collection law in Nevada, a tip on collectors’ commissions, and tips to deal with consumer lawsuits during the …

A District Court judge in Washington has mostly denied a defendant’s motion to dismiss — she did grant it on one count of the claim — in a Fair Debt Collection Practices Act case in which the debt collector was accused of attempting to collect a debt that the plaintiff …

Senate Republicans are continuing to try and get answers about whether the leadership of the Consumer Financial Protection Bureau potentially violated civil service protections by trying to get career employees at the Bureau to resign so that they could be replaced by “handpicked loyalists.” After not getting any answers from …

Debexpert, an online platform for buying and selling NPLs (Non-Performing Loans), has launched the world’s first mobile app for debt portfolio sellers. The Debexpert app, which is available for Android and iOS mobile devices, implements the basic functionality of the online auction familiar to users of the desktop version. Now, …

BURLINGTON, Mass. (July 28, 2021) – Ontario Systems, a leading provider of enterprise software that automates complex workflows, accelerates revenue recovery, and removes friction from the payments process for clients in the accounts receivable management (ARM), healthcare, and government markets, today announced a strategic partnership with RevSpring, a leader in financial communications and payments …

GETTING TO KNOW DAVID SPEED OF NATIONWIDE CREDIT Honesty is a big part of what makes David Speed special. Reading his answers to the questions below, honesty is a theme that runs through many of the experiences that has shaped him, from getting his start in the ARM industry to …

Maybe this time, things will be different. For not the first time, a bill has been introduced in Congress that seeks to change the leadership structure of the Consumer Financial Protection Bureau to a multi-member commission from a single director organizational structure. The bill will be introduced by Rep. Blaine …

LAS VEGAS — Some notes and tidbits from Day One of ACA International’s Annual Convention, which kicked off today. Former NFL Coach Shares Leadership Principles Dick Vermeil, who is the only NFL coach in history to coach three different teams and never get fired, shared his principles of leadership during …