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Scratch Raises $17 Million To Make Loan Payments ‘Less Awful’

A tech company whose founder was just named to the Bureau of Consumer Financial Protection’s Consumer Advisory Board has raised $17 million in venture capital funding to help it “recast the loan servicing business as a friendly, easy-to-use app.” The company, called Scratch, currently services student loans and personal loans, …

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Scam Call Volume Exploding, According to First Orion

The number of mobile scam calls has increased ninefold in the past year and will represent more than 44% of all calls by 2019, according to a report that was issued last week by First Orion, a company that makes the PrivacyStar app that blocks certain calls from being connected …

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Consumer Advocate Blasts Data Breach Notification Bill

Consumer advocates at the state and federal level are joining together to lobby against a bill that would establish a national data breach notification law. The bill, introduced last week by Rep. Blaine Luetkemeyer [R-Mo.], is being marked up today by the House Financial Services Committee. Calling it a “Trojan …

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Testing a Key to Avoiding Call Blocking Apps

Collection agencies should be setting up testing facilities in their offices to determine whether the calls they are making are being blocked by wireless carriers or apps that attempt to keep individuals from receiving robocalls, according to a panel of agency executives who spoke on the topic during a webinar …

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Noble Systems Suing Competitor For Patent Infringement

Noble Systems has issued a press release announcing details of a lawsuit it filed last year alleging that Acqueon Technologies, Inc. has infringed on Noble’s patents related to the company’s compliance module for the Telephone Consumer Protection Act. In the complaint, Noble is alleging that Acqueon violated four patents owned by …

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