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Compliance

Bedard Law Group Hires Veteran Collection Attorney, David A. Kleber, To Run New Speech Analytics Service

ATLANTA, GA– September 15, 2015 – Bedard Law Group, PC, a leading provider of legal compliance and defense litigation services to the accounts receivables management industry, proudly announces today that David A. Kleber has joined the firm to manage the firm’s new speech analytics legal service. David brings to the firm more than …

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Encore, PRA Face Penalty, Audit From DBA

As certified members of DBA International, Encore Credit and Portfolio Recovery Associates are facing audits from the association following their settlements with the Consumer Financial Protection Bureau. Both companies have been members of DBA International at least 15 years. Encore received its certification from DBA last April. It was not …

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Should CFPB Stand For Curbing Funding of Portfolio Buying?

Is the Consumer Financial Protection Bureau trying to legislate the debt-buying industry through a series of settlements it has reached with participants in this market? It would certainly seem so, especially considering the terms of a settlement announced yesterday between the CFPB and Encore Credit and Portfolio Recovery Associates. Among …

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CFPB Takes Big Swing at Encore, PRA

The Consumer Financial Protection Bureau has taken a huge swipe at the collection activities of Encore Capital Group and Portfolio Recovery Associates, assessing millions of dollars in fines and forcing the two debt-buying giants to stop collections on nearly $130 million in debts that the companies purchased. The companies stand accused …

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CFPB Issues Monthly Complaint Report

The Consumer Financial Protection Bureau has issued its second monthly complaint report, which analyzes trends in complaints filed by consumers with the regulator, and also spotlights one particular area of concern. This month’s spotlighted area is credit reporting complaints, which were 56% higher in July than June, according to data …

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