General News

While credit reporting may be a sizable headache for collection agencies, especially in light of the growing number of disputes being filed by individuals and their representatives, more and more clients are requiring agencies have the ability to report unpaid debts to the credit bureaus in order to be eligible …

The Bureau of Consumer Financial Protection on Friday announced a settlement with a number of defendants, namely Richard Moseley, Sr., Richard Moseley, Jr., along with a number of entities controlled by the two, related to a payday lending scheme. Moseley, Sr., was found guilty by a jury last November of conspiracy to collect unlawful …

At ACA International’s conference in Nashville last month, Jack Brown III was installed as the association’s president for the 2018-19 year. He will lead the organization through next year’s conference in San Diego. The ARM industry is facing a number of potential issues in that timeframe. The Bureau of Consumer …

Phoenix, Ariz. – August 9, 2018 BillingTree®, the leading payment technology provider, today announced Jason Hiland has been appointed Vice President of Sales and Business Development for ARM and Financial Services. In this newly created position he oversees sales operations and initiatives to expand electronic payment and technology adoption to …

August 9, 2018, ATLANTA, GA – FLOCK Specialty Finance has launched the FLOCK Advisory Council to support the Company’s continued growth and to help shape the future of the debt buying industry. The Council will offer advice and feedback on key market segments, growth programs and competitive issues. The members …

[DALLAS, TX] Today a360inc, a leading technology and outsourcing solutions company, and National Creditors Bar Association (NCBA) are pleased to announce a national partnership designed to provide access to compliance training programs for the bar association’s 500+ law firms and their staffs, as well as NCBA’s in-house counsel members. The …

Revenue and profits were up at Encore Capital Group, which reported its second quarter financial statements yesterday. The company had revenue of $350 million for the second quarter of 2018, up from $291 million in the same quarter a year earlier. Net income at the company was $26.3 million for …

A federal judge in New Orleans has ruled that it is unconstitutional to put people in jail who are not able to repay court-ordered fines and fees without first assessing the financial condition of those individuals. The judge accused the defendant in the case, judges within the Orleans Parish Criminal …

It appears as though Kathy Kraninger is a loyal soldier. In response to written questions submitted by Senate Democrats related to her nomination to be the next director of the Bureau of Consumer Financial Protection, Kraninger said she sees nothing that acting director Mick Mulvaney has done during his nine …

A collection agency manager and former Army specialist has cleared another hurdle toward becoming the next Ms. Veteran America, according to a report from ACA International. Meade will join 24 others in the finals for the competition in Hollywood, Calif. on Oct. 7, according to the report. Meade participated in …