General News

Consumer Groups Ask Kraninger to Abandon CFPB Reorg, Cite Lack of Supervision Over Debt Collectors

A group of 83 different consumer advocacy groups have written a letter to Kathleen Kraninger, the director of the Consumer Financial Protection Bureau, urging her not to move forward with a proposed reorganization of the agency’s enforcement unit, saying it will “drastically weaken its authority, independence, and ultimately, effectiveness, leaving …

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Lawmakers, Advocates React to CFPB Debt Collection Rule

Here are some reactions to the Consumer Financial Protection Bureau’s debt collection rule from lawmakers and consumer advocates “As working families struggle to pay for food, housing, and other necessities, debt collectors are flooding the courts with collection lawsuits and reporting record profits. The CFPB’s new debt collection rule fails …

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M&A Deal Volume Ticks Up for ARM Industry in 3Q: Report

While deal volume remained relatively quiet in the accounts receivable management industry during the third quarter, there does appear to be an influx of both buyers and sellers entering the market, which could lead to an increase of deals in the future, according to a quarterly report published by Corporate …

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Brit Suttell Awarded Prestigious Donald Kramer Award

AUSTIN, TEXAS, USA, October 23, 2020 — Brit Suttell has been awarded the National Creditor’s Bar Association’s Donald Kramer Award. The Donald Kramer award is given each year to “someone whose efforts have made a substantial and lasting impact for the benefit of the credit and legal collection community.” Ms. …

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Congressional Report Provides Overview of Collection Industry

If you are looking for an unbiased and straightforward report that provides a high-level summary of what the Consumer Financial Protection Bureau and Congress are doing to regulate the debt collection industry, then this is the report for you. Published last week by the Congressional Research Service, a public policy …

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