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ACA Submits Letter As Kraninger Preps to Testify Before House Committee

In advance of Consumer Financial Protection Bureau Director Kathy Kraninger’s first time before the House Financial Services Committee today, ACA International has submitted a letter to the committee, detailing how Congress should “urge [the CFPB] to create transparent and workable policies for the financial services industry.” Kraninger’s testimony, which will …

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State AGs Endorse TRACED Act En Masse

Fifty-four of the 56 members of the National Association of Attorneys General have written a letter to the Senate Committee on Commerce, Science, & Transportation seeking passage of the Telephone Robocall Abuse Criminal Enforcement and Deterrence (TRACED) Act, aimed at stopping illegal robocalls. The bill would stiffen the fines allowed …

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Trade Group Opposes CFPB Debt Collection Survey

A trade group of bankers has filed its comment and opposes a proposed survey to be conducted by the Consumer Financial Protection Bureau related to disclosures provided to individuals because the survey itself has not been subject to a comment period. The American Bankers Association notes in its letter that …

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PRA Group Announces 4Q, 2018 Financial Results

The opening of two new call centers helped propel collection recovery rates up 16% in 2018 compared with 2017 at PRA Group, the company announced yesterday in sharing its fourth quarter 2018 and full-year financial reports. Overall, net income for the fourth quarter was $15 million, compared with $89 million …

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Encore Capital Announces Record Profits For 2018

There has been a slight “softness” in the normal collections during income tax season, noted Ashish Masih, the president and chief executive officer of Encore Capital, possibly tied to the month-long government shutdown as well as changes to the tax code, during a conference call held yesterday to discuss the …

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Etactics Integrates BillingTree Payment Gateway into its New Single Point of Access Customer Portal

PHOENIX, Feb. 27, 2019 /PRNewswire/ — BillingTree®, the payment problem solvers™, today announced a partnership with Etactics to integrate Billingtree Payrazr® payment technology into the Etactics Customer Access +™ portal. The new platform, powered by Payrazr, gives Etactics users access to a powerful online portal allowing customers to review and settle bills through a convenient, …

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Rep. Waters Urges CFPB Employees to Become Whistleblowers

In an open letter to employees at the Consumer Financial Protection Bureau, Rep. Maxine Waters [D-Calif.], the chairwoman of the House Financial Services Committee, is urging anyone who has witnessed “waste, fraud, abuse or gross mismanagement” at the agency to come forward and alert her or her staff. Rep. Waters …

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