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Compliance

CFPB Director Cordray Talks About Debt Collection Rulemaking Process, But Shares Few New Details

In prepared remarks today before a meeting of the Consumer Financial Protection Bureau‘s Consumer Advisory Board, agency Director Richard Cordray addressed efforts by those under his command to regulate the collections industry. While not necessarily breaking any new ground or making any new revelations, Cordray’s remarks reinforced the CFPB’s interests …

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Right Now, 3 Regulatory Questions Are on Every Savvy Receivables Leader’s Mind

This content was written by Rozanne Andersen, Chief Compliance Officer at Ontario Systems and published on Ontario Systems’ website. It can be found here. Seven straight weeks on the road presenting at industry conferences, meeting with clients, facilitating industry work group discussions, leading roundtables and meeting with regulators has given me …

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Supreme Court To Hear Arguments on Collecting Time-Barred Debts

The U.S. Supreme Court has agreed to hear arguments in a debt collection case, to determine whether individuals who have filed for bankruptcy can sue companies that attempted to collect debts that were beyond the statute of limitations. The case, Johnson v. Midland Funding, is being appealed by Midland Funding, a unit …

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