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General News

AccountsRecovery.net Launches Digital Communication Survey

Digital communication tools, such as text messaging, emails, and direct drop voicemails have become far more popular in recent years as collection agencies expand beyond phone calls and letters in attempts to reach individuals who are becoming less accessible. But there is still some uncertainty about the compliance risks, costs, …

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CFPB Announces Annual Increase in Civil Money Penalty Fines

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The Consumer Financial Protection Bureau has announced its annual increase in the size of civil money penalties it is allowed to assess for violations of certain federal statutes. Similar to 2018, fines for violations of the Consumer Financial Protection Act, the Truth in Lending Act, the Real Estate Settlement Procedures …

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DebtTrader.com supports RMAI’s 22nd Annual Conference with Silver Sponsorship

January 15, 2019 (Sacramento, CA) – DebtTrader.com has once again demonstrated their ongoing commitment to the Receivables Industry through silver sponsor of the Receivables Management Association International (RMAI) Annual Conference, occurring February 5–7, 2019. The conference brings together key participants in the receivables management industry, including debt buying companies, collection …

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Rep. Waters Lays Out Agenda For House Financial Services Committee

Rep. Maxine Waters [D-Calif.], the new chairperson of the House Financial Services Committee, outlined her agenda for the first time yesterday during a speech and the Consumer Financial Protection Bureau is squarely in her crosshairs. Rep. Waters reiterated her intention to investigate former agency Acting Director Mick Mulvaney and said …

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How Much Collectors Make in Every State

Debt collectors working in Connecticut earn more than collectors working in any other state, according to a published report, which analyzed government data to rank how much agents working in each state make. The average annual wage for a collector working in Connecticut is $46,470, slightly higher than a collector …

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Woman-Owned Agency Moves to Larger Office in Buffalo

Short and sweet and to the point is this published report about a collection agency — Eastpoint Recovery Group — that has moved to a bigger office to continue “its expansion,” according to the article. The agency, owned by Danielle Green and Amy Constantine, has moved its operations and 20 …

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