AccountsRecovery.net Where AR Professionals Connect

BIDEN NAMES TEMPORARY PICKS TO LEAD CFPB, FCC, FTC President Joe Biden named temporary heads to the three major government agencies regulating the accounts receivable management industry — the Consumer Financial Protection Bureau, the Federal Communications Commission, and the Federal Trade Commission. EXPERTS SHARE REACTIONS TO CHOPRA CFPB NOMINATION This …

This week, President Joe Biden announced that Rohit Chopra is his choice to be the next director of the Consumer Financial Protection Bureau. Chopra, who was most recently a commissioner with the Federal Trade Commission, previously worked at the CFPB as an assistant director and its student loan ombudsman. How …

The Seventh Circuit Court of Appeals continued its assault on standing in Fair Debt Collection Practices Act cases yesterday, affirming a District Court ruling that a plaintiff lacked standing to sue a debt collector because she did not try to show an intent to dispute a debt while suing because …

The following alert and update about legislative activity in Colorado was provided to AccountsRecovery.net yesterday by Makyla Moody, with Greenberg Sada & Moody PC, in Englewood, Colo. The Colorado Center on Law and Policy (CCLP) is currently working on a Bill to “reform” medical debt collections in Colorado. Based upon …

President Joe Biden named temporary heads to the three major government agencies regulating the accounts receivable management industry — the Consumer Financial Protection Bureau, the Federal Communications Commission, and the Federal Trade Commission. Dave Uejio, the CFPB’s chief strategy officer will be acting director until Rohit Chopra is confirmed by …

GETTING TO KNOW ROBERT SALMON OF GEORGE BROWN ASSOCIATES Robert Salmon is that rare breed of individual who started in the collection industry, left, and then came back. In fact, the agency he came back to, he bought in 2016. You also have to admire his determination to be be …

President Joe Biden wasted no time getting to work after his inauguration yesterday, signing a number of executive orders, including at least one that will impact the accounts receivable management industry. The newly sworn in president signed 15 executive actions yesterday, making changes to policies enacted by former President Donald …

Bob Iger, who spent the past 15 years as the chief executive of The Walt Disney Company, is known for a number of famous sayings, and a pair of them symbolize how the accounts receivable management industry should be embracing change rather than fighting against it, especially as it pertains …

The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management. Product development is driven by customer feedback, agency profitability and compliance and includes platforms addressing client portal access, document management, payment negotiation, Regulation E focused electronic payment authorizations …

At the request of President Joe Biden, Kathleen Kraninger resigned as director of the Consumer Financial Protection Bureau yesterday, effective immediately. The move paves the way for her to be replaced by Rohit Chopra, once he is confirmed by the Senate. Kraninger helmed the CFPB for 25 months, taking over …

INDUSTRY EXPERTS MAKE PREDICTIONS FOR BIDEN ADMINISTRATION’S IMPACT ON ARM INDUSTRY A new president will take office today, and whether you are happy or sad about that, it likely will mean changes are coming for the accounts receivable management industry. To paint a picture of what changes might be on …

Along with his plans to nominate Rohit Chopra to be the new director of the Consumer Financial Protection Bureau, and the previously announced resignation of Ajit Pai as chairman of the Federal Communication Commission, President-elect Biden will get to select the head of another regulator with direct oversight of the …

A new president will take office today, and whether you are happy or sad about that, it likely will mean changes are coming for the accounts receivable management industry. To paint a picture of what changes might be on the horizon, AccountsRecovery.net reached out to a number of industry veterans …

The Consumer Financial Protection Bureau yesterday released a final rule on the role of supervisory guidance, which clarifies the differences between regulations — which have the full force and effect of law — and guidance — which does not. A copy of the final rule can be accessed by clicking …

The California Department of Financial Protection and Innovation (DFPI) came out swinging yesterday with its first major action, issuing subpoenas to a dozen companies in the accounts receivable management industry, investigating consumer complaints about alleged unlawful, unfair, deceptive, or abusive collection practices. The companies that were issued subpoenas are: Portfolio …