Compliance

Hensarling To Unveil Plans To Replace Dodd-Frank

Rep. Jeb Hensarling [R-Tex.], the chairman of the House Financial Services Committee, has announced that he will unveil plans to “replace the Dodd-Frank Act and promote economic growth” in a speech next week in New York. Hensarling has been one of the most vocal critics of the Consumer Financial Protection …

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New Century Issues Statement Following CFPB Consent Order

In a consent order that was announced on Monday, the Consumer Financial Protection Bureau announced it had levied a $1.5 million fine against New Century Financial Services, a debt buyer based in New Jersey. The CFPB also fined a law firm, Pressler & Pressler, $1 million for “churning out unfair …

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Debt Collection Litigation in the Cross Hairs: CFPB’s Consent Order Against New Jersey Law Firm Creates More Problems Than Solutions

The following article is re-printed with permission from Joann Needleman and Clark Hill.  By Joann Needleman Lightening can strike twice. With the ink barely dry on the Consent Order against the Hanna Law Firm (Hanna) in Georgia, the Consumer Financial Protection Bureau (CFPB or Bureau) yesterday took action against another …

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The Intelitech Group Announces Launch of StackUp a Competitive, Reward-Based Training Game for Collection Agencies

Camas, Wash. – April 20, 2016 – The Intelitech Group, a premiere analytics provider and consulting practice in the ARM industry, today announced the launch of its latest collector training solution StackUp. StackUp is a game designed to help continuously train collectors in areas such as compliance, industry regulations, collection …

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