General News

EDITOR’S NOTE: The following is written by Linda Straub-Jones of NeuAnalytics and is published here with her permission. Policies & procedures, a key part of your compliance management system, and something that can either make or break you when it comes to a Bona-Fide Error defense in court or with …

A wealth gap between the typical black and the typical white household is the likely reason why the number of judgments in neighborhoods with the majority of individuals are black is significantly higher than the number of judgments in neighborhoods with the majority of individuals are not black, according to …

Tensions definitely boiled over during a House Financial Services Committee hearing yesterday after Rep. Carolyn Maloney [D-N.Y.] accused Kathy Kraninger, the director of the Consumer Financial Protection Bureau of being “worthless” because the agency is not helping “consumers that have been harmed.” Rep. Maloney later apologized for her remark and …

October 16, 2019  (Sacramento, CA): Held every October, National Cybersecurity Awareness Month (NCSAM) is a collaborative effort between government and industry to raise awareness about the importance of cybersecurity and ensure all Americans have the resources they need to be safer and more secure online. This year’s overarching message – Own IT. …

When you write a 3,600-word article about the debt buying and debt collection industry, you’re going to need to talk to a few people. So, it shouldn’t come as a surprise that the author of this particular piece spoke with four consumer advocates or consumer attorneys and four different consumers. …

As Kathy Kraninger, the director of the Consumer Financial Protection Bureau, is scheduled to testify before the House Financial Services Committee today, the CFPB’s origin story was front-and-center last night during the Democratic presidential debate last night in Ohio. Sen. Elizabeth Warren [D-Mass.] referenced the creation of the CFPB as …

It’s going to be an interesting week for the credit and collection industry, with the Supreme Court scheduled to hear arguments in a case that seeks to determine how to calculate when the statute of limitations on a Fair Debt Collection Practices Act case starts, and with Kathy Kraninger, the …

The Bureaus, Inc., a compliance and technology-driven master servicer for accounts receivable portfolios and longtime champion for children’s health and well-being, today announced its sponsorship of Giving Rocks 2019, a special benefit concert to help raise awareness and funds for pediatric cancer research. The concert benefits the Giving Rocks Foundation …

A billionaire and his wife have doubled down on their commitment to help residents of Idaho defend themselves against “aggressive tactics” by “medical debt collectors,” and will donate an additional $500,000 along with lobbying the Idaho state legislature to protect consumers from “unsavory practices related to medical debt,” according to …

The Internal Revenue Service is now allowing private collection agencies that it has contracted with to collect on unpaid tax debts to accept payments using a preauthorized direct debit program. The IRS has been placing unpaid debts with one of four private collection agencies for the past two years, following …