General News

The American Federation of Teachers has filed a lawsuit against Navient, accusing the student loan servicing giant of steering borrowers into repayment or forbearance programs that made teachers ineligible for a federal loan forgiveness program. Making the matter more interesting, Seth Frotman, who resigned in a blaze of glory in …

Rep. Maxine Waters [D-Calif.], the ranking member of the House Financial Services Committee, yesterday introduced a bill that seeks to officially rename the Bureau of Consumer Financial Protection the Consumer Financial Protection Bureau, limit the number of political appointees at the agency, makes sure the bureau’s complaint database remains available …

LAKE FOREST, Ill., Oct. 2, 2018 — TSI (www.tsico.com) announced this week that Jim Tarantino has joined the leadership team as Chief Revenue Officer. Jim will be responsible for driving revenue growth and will lead the sales, client management, marketing, and small- and mid-sized enterprise teams. Jim brings to TSI over 30 …

Kudos to Donna Nicholson Stief for making it into her local newspaper with a very flattering profile. Many in the ARM industry know Nicholson Stief for her work with the Mid-Atlantic Collectors Association and with ACA International (she’s also been a frequent speaker on webinars hosted by AccountsRecovery.net), and it …

Six businesses will receive Family Business Day awards at the 2018 Montana State University Jake Jabs College of Business and EntrepreneurshipState Farm Insurance Family Business Day, set for Friday, Oct. 26, at the Hilton Garden Inn in Bozeman. Event check-in starts at 4 p.m. with the panel conversation and awards …

“Discontent” is brewing at the Bureau of Consumer Financial Protection as more employees and senior staff at the agency express concerns over the fitness of Eric Blankenstein, the BCFP’s policy director of supervision, enforcement and fair lending, who admitted last week to authorizing a series of posts 14 years ago that …

Andrew Shaevel has received 19 honors and awards from community organizations in and around Buffalo during the past 25 years for his support and fundraising efforts. He is also the founder of a company that has been accused by the New York Attorney General of buying and attempting to collect …

Sequium Asset Solutions, LLC, a leader in outsourced Accounts Receivable Management, has announced their proprietary and data-driven mobile application called DAVID; that will allow consumers to solve their obligations when it comes to debt management, and empower them to be in control of their own financial situations. What is David? David is yet …

The Federal Trade Commission and the Justice Department announced yesterday that they are mailing more than 1 million checks, representing a total of more than $505 million to individuals who were victims of Scott Tucker’s payday lending scam. Tucker was convicted and sentenced earlier this year to nearly 17 years …

The Bureau of Consumer Financial Protection held its first meeting yesterday with the new members of its Consumer Advisory Board, Community Bank Advisory Council, and Credit Union Advisory Council. It was the first time that a joint meeting with all three groups was held, according to the BCFP. “This marks the …