The Daily Digest is sponsored by Beam Software. A Microsoft Gold Certified Partner, Beam is a thought leader in portfolio management and collection software. They offer both cloud-based and on-premise solutions to accommodate the entire collection continuum. For more information, please visit www.beamsoftware.com or call (800) 212-2326.
BCFP WORKING ON RULE TO DEFINE ‘ABUSIVE’ PRACTICES
- Mick Mulvaney, the acting director of the Bureau of Consumer Financial Protection, announced yesterday that the agency is working on a rule to codify what has been considered one of the most amorphous, yet harmful, words in the BCFP’s lexicon: abusive.
REP. LUETKEMEYER CALLS FOR INVESTIGATION AFTER COURT DOCS REVEAL OPERATION CHOKE POINT MAY NOT BE DEAD
- Maybe Operation Choke Point isn’t over after all. Rep. Blaine Luetkemeyer [R-Mo.] is calling for an investigation into the Federal Deposit Insurance Corp., and the Office of the Comptroller of the Currency — two national banking regulators — after unsealed court documents revealed “blatant discrimination and bias” from officials at the agency.
BILL INTRODUCED TO ALLOW COMPANIES TO HELP REPAY EMPLOYEES’ STUDENT LOANS
- A bill has been introduce in Congress that would allow employers to contribute to the student loan repayment efforts of their employees, similar to how contributions to 401(k) programs work.
COLLECTION, FORECLOSURE ATTORNEY CONVICTED OF EMBEZZLING $26M
- The former managing partner of a Georgia law firm that specialized in mortgage foreclosures and debt collection has been found guilty of embezzling more than $26 million from the now-bankrupt firm and is facing up to 15 years in prison.
2018 DCM SERVICES INSIGHTS CLIENT CONFERENCE RECAP
- This year, DCMS hosted its ninth annual Insights Client Conference on September 20, 2018. This year’s conference was held at W Minneapolis -The Foshay in the historic Foshay Tower.
FLOCK RAISES ADDITIONAL CAPITAL TO EXPAND PORTFOLIO FINANCING
- FLOCK Specialty Finance (“FLOCK”) announced today that it has closed on a new senior debt facility with MidCap Financial Services, LLC. FLOCK is an Atlanta-based, alternative funding provider of capital and expertise for the purchase of both charged-off debt portfolios as well as for the financing of subprime consumer obligations.
AUTHVIA PARTNERS WITH BILLINGTREE TO CO-DEVELOP CUTTING EDGE MOBILE-BASED PAYMENT SOLUTIONS
- AuthVia, an API-driven payments company, has entered into a strategic co-development partnership with leading payments solution provider BillingTree. The agreement will supply industries including healthcare, ARM, property management, B2B and financial services access to additional advanced fintech solutions, as part of a joint strategy to future-proof integrated mobile payment solutions across markets.
WORTH NOTING: Paul Allen, the co-founder of Microsoft and the owner of the Seattle Seahawks and Portland Trail Blazers, died yesterday … Why processed American cheese is dying … Science proves it’s possible to be nice and rich at the same time … Where voter turnout is the highest and the lowest … Thieves are targeting the airbags in Honda cars and trucks … The Mega Millions and Powerball jackpots are over $1 billion … The best workplaces, according to Fortune magazine … The midterm election frenzy is heating up … There was a lot of back-and-forth yesterday over the DNA of Sen. Elizabeth Warren.
I grew up wanting to be him
Why fear dominates your finances
The Daily Digest is sponsored by Beam Software. A Microsoft Gold Certified Partner, Beam is a thought leader in portfolio management and collection software. They offer both cloud-based and on-premise solutions to accommodate the entire collection continuum. For more information, please visit www.beamsoftware.com or call (800) 212-2326.