Daily Digest – January 18. Chopra to Replace Kraninger at CFPB, Reports Say; CFPB Releases Guide to Help Comply With Debt Collection Rule

CHOPRA TO BE NOMINATED TO REPLACE KRANINGER AT CFPB: REPORTS

  • Rohit Chopra is going to be nominated by President-elect Joe Biden to replace Kathleen Kraninger as the director of the Consumer Financial Protection Bureau, according to a number of reports citing anonymous sources.

CFPB RELEASES SMALL ENTITY COMPLIANCE GUIDE FOR DEBT COLLECTION RULE

COLLECTORS CITED FOR TAKING PPP MONEY DURING PANDEMIC

  • The debt collection industry is being targeted for receiving funds under the Paycheck Protection Program because many of those companies have been complained about by consumers to the Consumer Financial Protection Bureau or been subject to regulatory and enforcement actions.

READ EXPERT PERSPECTIVES ON TRENDING COMPLIANCE TOPICS

  • Click here to read this week’s Compliance Digest. You’ll get insights and opinions from eight different compliance experts — Dennis Barton, Helen Mac Murray, Rick Perr, David Kaminski, David Schultz, Stefanie Jackman, Leslie Bender, and Joann Needleman — discussing the impact of recent court cases and legislative updates. You’re not going to get that kind of varied perspective anywhere else. The Compliance Digest is sponsored by The Bedard Law Group.

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I have a dream…

Music Monday

The Daily Digest is sponsored by Prodigal. Prodigal is bringing the power of AI and machine learning to lenders, creditors and collection agencies. Prodigal’s world class speech recognition software, monitors every call for compliance and collector performance with its AI trained for optimal accuracy and actionable results. Prodigal unlocks hidden value in a collection contact centre’s vast corpus of unstructured audio data by making it searchable and enabling them to improve compliance, increase operational efficiency and win new clients.

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Daily Digest – February 19. Judge Dismisses Complaint Against Collector; The Right Way to Hire, Train, and Treat Employees

JUDGE DISMISSES COMPLAINT AGAINST COLLECTOR FOR LACK OF SUBJECT-MATTER JURISDICTION A District Court judge in …

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