MRS is pleased to announce that Kelly Feoli has been promoted to Executive Vice President of Operations, assuming responsibility for all third party operations as well as overseeing the Training Department and joining MRS’s Executive team.. Feoli joined MRS in 2010 as an agent, with no previous experience in the …
Read More »Guest Post: Pandemic Heightens Importance of Vendor Oversight
EDITOR’S NOTE: The following article was originally published by Jamie Welsh at Harvest Strategy Group and is re-published here with the company’s permission. When the pandemic hit, we as an industry first looked inward ensuring the safety of our staff and their families and then towards making sure that they …
Read More »Experts Share Reactions to Chopra CFPB Nomination
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 …
Read More »Kraninger Resigns Post as CFPB Director
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 …
Read More »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 the horizon, AccountsRecovery.net reached out to a number of industry veterans …
Read More »Looking Back at what Rohit Chopra Has Said About ARM Industry, Enforcement
Yesterday, President-elect Joe Biden officially announced the nomination of Rohit Chopra to be the next director of the Consumer Financial Protection Bureau. Chopra has spent the past two-and-a-half years as a commissioner with the Federal Trade Commission, which, like the CFPB, has enforcement authority over the accounts receivable management industry. …
Read More »Collectors Cited for Taking PPP Money During Pandemic
The debt collection industry is being targeted for receiving funds under the Paycheck Protection Program because many of those companies have been complained about by consumers to the Consumer Financial Protection Bureau or been subject to regulatory and enforcement actions. Debt collectors and payday lenders received more than $580 million …
Read More »How Collection Agencies Should Not Act Like a Credit Card Company
In collections, any payment can be considered to be a good payment, especially if it shows that an individual is interested and committed to paying off a debt. But as one agency learned that while any payment may be a good payment, collection agencies should not operate like credit card …
Read More »Corporate Advisory Solutions Announces Promotions of Three Deal Team Members
PHILADELPHIA, PA – January 13, 2021 – Corporate Advisory Solutions (“CAS”) today announced the promotion of three deal team members. Nick Ciabattone has been promoted from Senior Associate to Vice President. Since joining CAS in 2015, Nick serves as lead deal support on selected M&A transactions and engagements. He has participated in numerous sell-side and …
Read More »RMAI Receivables Management Certification Program Continues to Expand – Certifies First Process Server
The Receivables Management Association International (RMAI) is pleased to announce two significant milestones for its Receivables Management Certification Program (Program): The Program finished its eighth year in 2020 with 476 certifications, a record number and a 25% increase over the prior year. All certification categories—which includes debt buying companies, collection …
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