Daily Digest – November 15. CFPB Financials Disclosed As Part of GAO Audit; Moore Shares Update, Vision As He Reaches Midway Point Of Term As NARCA President

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CFPB FINANCIALS DISCLOSED AS PART OF GAO AUDIT

• The General Accountability Office yesterday released its audit of the financials for the Consumer Financial Protection Bureau, which offer a peek behind the curtain to the inner workings of one of the most shrouded government regulators. For example, the Bureau spent $214 million on employee compensation during the 2016 fiscal year, which ended Sept. 30. That amount is up from $192 million during the 2015 fiscal year. The CFPB had 1,649 employees at the end of the 2016 fiscal year, up from 1,529 a year earlier.

MOORE SHARES UPDATE, VISION AS HE REACHES MIDWAY POINT OF TERM AS NARCA PRESIDENT

• For Harvey Moore, the timing to serve his two-year term as president of NARCA-National Creditors Bar Association could not be more paradoxical. Moore’s first 15 months as president coincides with the last 15 months of President Barack Obama’s term in office, and the last nine months of Moore’s term will also be the first nine months that incoming President-elect Donald Trump will spend in office. To bridge administrations helmed by individuals with such divergent ideologies and visions for America will no doubt make for some interesting tight-rope walking.

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The Daily Digest is sponsored by TCN, a leading provider of cloud-based call center technology for enterprises, contact centers, BPOs, and collection agencies worldwide.