Daily Digest – December 12. Kraninger Tries to Step Out of Mulvaney’s Shadow on First Day at BCFP; BCFP Aims to Make it Easier for Companies to Get No-Action Letters

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.

 

KRANINGER TRIES TO STEP OUT FROM MULVANEY’S SHADOW ON FIRST DAY AT BCFP

• Continuing her pattern of “less is more” when it comes to sharing her thoughts, Kathy Kraninger, the new permanent director of the Bureau of Consumer Financial Protection was guarded during a 25-minute session with reporters yesterday, but did offer a few glimpses into her priorities now that she is in charge of the regulator.

 

BCFP AIMS TO MAKE IT EASIER FOR COMPANIES TO RECEIVE NO-ACTION LETTERS

• The Bureau of Consumer Financial Protection has announced that it will issue a proposal to re-write its policy regarding the issuance of No-Action letters, which provide assurances to regulated companies that the agency will not take legal action if a new product or service is found to have violated consumer protection laws.

 

COMPANIES COME TOGETHER TO LAUNCH DIGITAL DEBT COLLECTION PLATFORM

• A pair of companies have announced they have joined forces “to bring the digital self-service revolution to debt collection.” The companies — Zappix Inc. and Cloud Collections — have created the Zappix Digital Debt Collection solution.

 

 

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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.