General News

CFPB Report Highlights Financial Troubles of Young Veterans

Without drawing any conclusions why it is happening, a report released this week by the Consumer Financial Protection Bureau reveals that young servicemembers are significantly more likely to have negative items appear on their credit reports around the time they leave active duty. Servicemembers who serve between seven and 35 …

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How to Develop Great Collectors

For anyone who was on yesterday’s webinar will confirm, there is a difference between good collectors and great collectors. Great collectors not only make you — and themselves — a lot of money, but they do it compliantly, they enjoy mentoring newer, less-experienced collectors, and are willing to go above …

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Industry Reacts to Presidential Election

Over the weekend, the country announced a new president-elect, former Vice President Joe Biden, and a new Vice President-elect, Sen. Kamala Harris. The pair are set to replace President Donald Trump and Vice President Mike Pence on Inauguration Day, which will be Jan. 20, 2021. A new Democratic administration could …

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Extend and Oliver Join the Wells Fargo Startup Accelerator

SAN FRANCISCO – Nov. 5, 2020 – Wells Fargo & Company (NYSE:WFC) announced today that companies Extend and Oliver have joined the Wells Fargo Startup Accelerator, a portfolio of startup companies that develop solutions across a broad set of domains including customer experience, payments, marketing, risk and regulation, climate change and security. Companies …

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Consumer Groups Ask Kraninger to Abandon CFPB Reorg, Cite Lack of Supervision Over Debt Collectors

A group of 83 different consumer advocacy groups have written a letter to Kathleen Kraninger, the director of the Consumer Financial Protection Bureau, urging her not to move forward with a proposed reorganization of the agency’s enforcement unit, saying it will “drastically weaken its authority, independence, and ultimately, effectiveness, leaving …

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