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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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NY DFS Superintendent Vullo to Leave Job

Maria Vullo, the superintendent of the New York Department of Financial Services, announced yesterday that she will leave the agency on Feb. 1, 2019. Vullo has spent three years at the agency and is credited with creating a national model for cybersecurity regulations for the financial services industry, as well …

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