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Comment Period on Proposed Rule Opens

Ladies and gentleman, start your comments. The 90-day comment window on the proposed debt collection rule from the Consumer Financial Protection Bureau opened today following its publication in the Federal Register, and will remain open until August 19, 2019. Comments on the proposed rule can be submitted via an online …

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How To Create Organizational Value With A Post-Audit Report

EDITOR’S NOTE: This article was written by Melissa Coutier from DCM Services. Did you say audit? Audit requests for companies like DCM Services are part of our everyday operations and environment. Our team understands that audit preparation is a large, but very important endeavor. Being an auditee involves a time …

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CFPB Announces Promotions, New Hires

Kathy Kraninger, the Director of the Consumer Financial Protection Bureau, announced a number of promotions and appointments yesterday, including removing the “acting” descriptor from the job titles of the Bureau’s deputy director and chief operating officer. Brian Johnson has been named the CFPB’s Deputy Director. He has been the Acting …

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Why Industry Shouldn’t Start Its Touchdown Dance Too Early

It was very interesting to note from Wednesday’s Debt Collection Town Hall hosted by the Consumer Financial Protection Bureau that consumer advocates really only made passing reference to the financial responsibility that individuals should bear when repaying debts. One consumer lawyer went as far as to suggest that debts that …

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