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General News

National Service Bureau Brings Aboard Industry Veteran

Seattle, WA–National Service Bureau Inc., a leading nationwide debt collection agency located in Seattle, WA has hired industry veteran Nick Jarman to lead their business development. Jarman will be responsible for all the business development efforts at NSB which includes the current and future aspects of the department. Among some of Jarman’s …

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FCC Announces Shutdown, Following FTC

Another federal agency that regulates the ARM industry has announced it is shutting down because it has run out of money. The Federal Communications Commission announced on Monday that it will suspend most of its operations at mid-day Thursday because of a government shutdown that began Dec. 22. Already, the …

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Warren Announces She’s Running For President

Sen. Elizabeth Warren [D-Mass.], a vocal critic of President Donald Trump and former CFPB acting director Mick Mulvaney, announced earlier this week that she will seek the Democratic nomination for president in 2020. Sen. Warren was the individual who originally proposed the idea for the Consumer Financial Protection Bureau, when …

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LucentPay Hires Michael McDonnell

Chandler, AZ – Jan. 2, 2019 – LucentPay, the leader in fee-enabled processing and a full-service payment vendor, has announced the appointment of Michael McDonnell as Senior Vice President of Sales & Marketing. In his new role, Michael will be responsible for all direct and channel sales efforts, with a focus …

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DAKCS Software Systems Achieves SSAE18 SOC 2 Attestation

Ogden, Utah, December 21, 2018 — Today, DAKCS Software Systems, Inc. announced they have achieved SSAE18 SOC 2 Attestation. The 35 year debt collection software company has successfully completed the Statements on Standards for Attestation Engagements No. 18 (SSAE18) SOC 2 audit.  The SSAE18 SOC 2 attestation tests the effectiveness of a service …

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FTC Runs Out of Money, Forced to Suspend Almost All Investigations Until Shutdown is Over

The Federal Trade Commission has run out of money and must suspend all of its investigations, including those into egregious debt collection activities, according to a published report. Virtually all of the agency’s consumer protection initiatives, including staffing hotlines, not responding to Freedom of Information Act requests, not publishing reports, …

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Cosmetology Students Drowning in Debt

A long time ago, I covered the subprime mortgage industry. As I was learning the ropes, I remember a seasoned industry veteran telling me that he called subprime loans “story loans,” because there was always a story behind how a person ended up with a less-than-perfect credit score. Maybe it …

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