General News

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 …

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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 …

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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 …

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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 …

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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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