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
- The Consumer Financial Protection Bureau on Friday released a new resource related to its debt collection rule, this one aimed at helping smaller collection agencies comply with the rule once it goes into effect this November.
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.
WORTH NOTING: How President-elect Biden’s inauguration is going to look this Wednesday … The niece of Rev. Dr. Martin Luther King Jr. on what he would say looking at America today … Kelly Clarkson’s Nashville mansion was just discounted, if you have $7 million lying around … Americans are feeling pretty good this winter … The Internal Revenue Service has announced when it will start accepting income tax returns … The most underrated movies of the past 20 years … What to do if you are someone who likes to go shopping when stressed … Movies to stream to celebrate MLK Day.
I have a dream…
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.