‘KINGPINS’ BARRED FROM INDUSTRY, TO PAY $60M IN FINES
- The Consumer Financial Protection Bureau and the Attorney General of New York have reached a settlement with two individuals referred to as collection “kingpins” and a network of companies, with fines totaling $60 million and permanent bans from ever operating in the collection industry again.
N.Y. GOVERNOR SIGNS PAIR OF DATA BREACH BILLS INTO LAW
- The governor of New York yesterday signed into law two bills that aim to do more to protect consumers in the event their information is compromised in a data breach and applies to any company that possesses the information of a New York resident, regardless of whether the company conducts business in New York or not.
ANOTHER SPIKE IN FORM COMMENTS FILED BY CONSUMERS AS INDUSTRY COMMENTS START TRICKLING IN
- There has been another spike in the number of comments filed by consumers over the proposed debt collection rule, but now collectors who are using a template from ACA International are submitting their own comments as well.
MORE COMPANIES ANNOUNCE PATIENTS VICTIMIZED IN AMCA DATA BREACH
- A number of new healthcare companies have come forward and announced the information of their patients was compromised in a data breach at American Medical Collection Agency.
FDCPA, TCPA SUIT TOTALS CONTINUE SLIDING: WEBRECON
- Companies in the credit and collection industry continued to saw a lot fewer lawsuits filed against them in June, according to data released yesterday by WebRecon.
NORTHWOOD ASSET MANAGEMENT GROUP ANNOUNCES JASON COLLINS AS DIRECTOR OF OPERATIONS
- Northwood Asset Management Group (NAMG), a nationally licensed third-party debt collection company delivering professional and reliable debt recovery solutions, today announced that Jason Collins has been named as Director of Operations.
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