The chamber and a coalition of banks say the bureau exceeded its statutory authority in the UDAAP exam updates made in March, building on growing pushback to the CFPB’s accountability to Congress, consumers and industry stakeholders. 09/28/2022 2:45 P.M. 4 minute read The U.S. Chamber of Commerce has filed a lawsuit with several co-plaintiffs in […]
Challenge says Congress did not authorize blanket student debt cancellation while Department of Education responds that claims are “baseless.” The plaintiff seeks to prevent the student debt cancellation from going into effect and a decision by Oct. 1. 09/28/2022 2:30 P.M. 3 minute read A nonprofit legal group, the Pacific Legal Foundation, has taken the […]
Members of Congress seek documentation of the CFPB’s authority to pursue several recent actions impacting regulated entities in the financial services industry. 09/28/2022 2:30 P.M. 3.5 minute read Two ranking members in the U.S. House of Representatives are seeking details from Consumer Financial Protection Bureau Director Rohit Chopra on the bureau’s authority to justify recent […]
Register now for online October education sessions highlighting insights on selling effective strategies, building your Blueprint QMS and more. Consider purchasing the All-Access Training Zone to enroll many of your staff in these valuable sessions. 09/28/2022 2:00 P.M. 3 minute read ACA International has new education events on accounts receivable management industry topics in October, […]
Surety bonds in Rhode Island must be entered into NMLS by Feb. 23, 2023. The Collectors Insurance Agency bond unit has resources to help members through this process. 09/28/2022 1:45 P.M. 1.5 minute read Debt collector licensees in Rhode Island will have access to Electronic Surety Bonds (ESBs) through the Nationwide Multistate Licensing System (NMLS) […]
On the Sept. 28 ACA Huddle, attorney members June Coleman, John Rossman and David Schultz will provide an overview of the statute of limitations landscape and how best to comply. 09/27/2022 2:20 P.M. 1.5 minute read The statute of limitations cannot be ignored and may be difficult to calculate, particularly since many jurisdictions have different […]
Join us for the 2022 Visionaries Conference Nov. 1-2, held conveniently right before ACA’s Fall Forum, for networking, career empowerment and personal growth. 09/27/2022 10:30 A.M. 3 minute read Whether you are early in your career or well-versed in the industry, the 2022 Visionaries Conference is for you. This two-day event, held in-conjunction with ACA’s […]
The publication makes official the bureau’s policy statements exploring third-party debt collectors’ role in collecting on behalf of nursing homes and the liability that could occur under laws enforced by the CFPB; however, it is not clear how prevalent the issue is. 09/27/2022 10:15 A.M. 4.5 minute read The Consumer Financial Protection Bureau’s policy statements […]
Employees of the Rochester, New York, company donated to the charity through the ConServe Cares Program last month. 09/26/2022 12:00 P.M. 1 minute read Continental Service Group Inc., dba ConServe, an ACA International member company based in Rochester, New York, is making a difference in its community by giving back. Through the organization’s ongoing philanthropy […]
Encore Capital Group says the settlement allows the company to move forward, noting that it proactively engaged with the attorney general throughout the process. 09/26/2022 10:20 A.M. 2 minute read The Massachusetts Attorney General, Encore Capital Group Inc. and its subsidiaries, Midland Funding LLC, Midland Credit Management Inc. and Atlantic Credit and Finance Inc., have […]
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