General News

TrueAccord Raises $22 Million To Fund Growth

TrueAccord has announced that it has raised $22 million in funding to help the company grow and expand its technology-driven debt collection platform. The money will be spent in the areas of product development, enhancing its compliance and auditing functionality, and expanding into new markets. The company uses consumer behavior to …

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CFPB Moving Forward With Debt Collection Survey

The Consumer Financial Protection Bureau is moving forward with its plan to survey 8,000 individuals to inquire about disclosures that are made related to debt collection. The CFPB had announced the survey back in August, at the same time it announced it was changing tack on its proposed debt collection …

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Hensarling Won’t Seek Re-Election in 2018

Rep. Jeb Hensarling [R-Texas], the chairman of the House Financial Services Committee, announced today that he will not be seeking re-election when his current term expires next year. Hensarling has been one of Congress’s most vocal critics of the Consumer Financial Protection Bureau and its director, Richard Cordray. Hearings involving …

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