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Summarizing New Comments From Consumer Groups, Union Over Proposed Rule

A handful of consumer advocacy groups and unions filed their comments criticizing the Consumer Financial Protection Bureau’s proposed debt collection rule yesterday, and one hand-written note from a consumer illustrated how advocacy groups are raising awareness to get consumers to file comments opposing the proposed rule. The Service Employees International …

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Check Into Cash® Selects Telrock’s Optimus Enterprise Class Collection & Recovery Software Platform to Help Drive Greater Collection Efficiency and Effectiveness

Atlanta, GA. – August 20, 2019  Check Into Cash, a national industry leader in direct lending and short-term credit solutions with hundreds of retail locations across the country and an ever expanding online presence, has selected Telrock, a global technology provider of SaaS-based software solutions, to provide their enterprise-wide collections …

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Encore Sells Last Non-U.S., U.K. Unit

In an effort to help it continue to focus on its key markets, which include the United States, Encore Capital Group has completed the sale of Baycorp to Credit Corp Group. Baycorp specialized in the “management of non-performing loans in Australia and New Zealand,” and provided “portfolio management services for …

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Blog Urges Consumers To Oppose Text Messages From Collectors

A fairly popular mainstream media blog is urging consumers to file comments over the Consumer Financial Protection Bureau’s proposed debt collection rule, specifically recommending that the comments indicate that consumers don’t want to receive text messages from debt collectors. And, coincidentally enough, a number of new comments were published yesterday …

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