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Friday, August 18, 2017
This Week Articles:
CFPB TAKES ACTION AGAINST AEQUITAS CAPITAL MANAGEMENT FOR AIDING CORINTHIAN COLLEGES' PREDATORY LENDING SCHEME
WASHINGTON, D.C. - The Consumer Financial Protection Bureau today filed a complaint and proposed settlement against Aequitas Capital Management, Inc. and related entities, for aiding the Corinthian Colleges' predatory lending scheme. The CFPB alleges that Aequitas enabled Corinthian to make high-cost private loans to Corinthian students so that it would seem as if the school was making enough outside revenue to meet the requirements for receiving federal student aid dollars.
read more

A NATIONWIDE LOOK AT HOW STUDENT DEBT IMPACTS OLDER ADULTS
In January 2017, we released a snapshot on older Americans and student loan debt . We are now providing additional data regarding the scope and growth of student debt among older borrowers (ages 60 and older) in each of the 50 states, Puerto Rico, and the District of Columbia.
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NEW FTC ROUNDTABLE ADDED FOR DCS2017 AT THE JW MARRIOTT STARR PASS IN TUCSON, AZ SEPTEMBER 11-13, 2017
In addition to the Meet the Regulators and Q&A session, acting Deputy Director of the Federal Trade Commission's Bureau of Consumer Protection, Reilly Dolan, will sit down with this small group session at the DCS2017 conference in Tucson, AZ to discuss the FTC's directions, enforcement, or your thoughts and concerns about the FTC. Take this opportunity to learn more about the FTC, or ask Reilly your questions, in a small group environment.
read more

AG OBTAINS $7 MILLION IN DEBT RELIEF FOR NEARLY 2,000 WASHINGTON STUDENT BORROWERS
OLYMPIA - Attorney General Bob Ferguson announced today that Lake Oswego, Ore.-based Aequitas Capital Management must provide nearly 2,000 Washington student loan borrowers more than $7 million in debt relief.
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DEADLINE TO SUBMIT QUESTIONNAIRES FOR THE RESURGENT CAPITAL SERVICES PROSPECTIVE AND EXISTING AGENCY MEETING AT DCS2017 ENDS TOMORROW AUGUST 18
Resurgent Capital Services will be holding a prospective vendor meeting at the Debt Connection Symposium & Expo conference. This meeting will be for prospective agencies and attorneys. All interested agencies and attorneys must complete the online Pre Screening questionnaire to be considered. All meeting participants must be registered attendees of Debt Connection Symposium & Expo. Questionnaires should be submitted prior to Aug 18th. Invites will be sent out by Aug 23rd
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ATTORNEY GENERAL SHAPIRO ANNOUNCES $6.7 MILLION IN DEBT RELIEF FOR PA STUDENTS AT FOR-PROFIT COLLEGES
HARRISBURG -Attorney General Josh Shapiro today announced a proposed settlement with Aequitas Capital Management, a defunct investment firm, that provides $6.7 million in debt relief for 1,200 Pennsylvanians who attended for-profit colleges.
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ATTORNEY GENERAL LORI SWANSON SUES "PENSION ADVANCE" COMPANIES THAT REQUIRED VETERANS AND SENIORS TO SIGN OVER MONTHLY PENSIONS
Attorney General Lori Swanson today filed a lawsuit against two companies that required military veterans and senior citizens to sign over significant portions of their monthly pension payments for up to ten years in exchange for loans of relatively small amounts of money to cover household emergencies and basic living expenses.
read more

TOO MANY STUDENT LOAN BORROWERS STRUGGLING, NOT ENOUGH BENEFITING FROM AFFORDABLE REPAYMENT OPTIONS
For five years, we've heard from borrowers like you about the problems you encounter when repaying student debt, particularly when you run into trouble and need help finding a way to make ends meet.
read more

DEBT CONNECTION SYMPOSIUM AND EXPO 2017 ROOM BLOCK ENDS AUGUST 28!
The room block ends August 22, 2017. We have insured that all Debt Connection Symposium and Expo 2017 conference attendees get a conference discounted rate of $183 for a standard room. So, if you don't yet have your room reserved, please act fast, space is limited, and we expect to sell out.
read more

EQUIFAX (EFX) COMPLETES ID WATCHDOG ACQUISITION FOR $63M
Equifax Inc. EFX recently completed the acquisition of ID Watchdog in an all-cash deal. The company had entered into a definitive agreement to acquire ID Watchdog on Jun 16, 2017.
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CONSUMER AFFAIRS UNDERSECRETARY CHAPMAN ANNOUNCES FINDINGS OF INVESTIGATION INTO ILLEGAL USED AUTO SALES AND FINANCING PRACTICES
Boston, MA (August 7, 2017) - The Massachusetts Office of Consumer Affairs and Business Regulation announces actions taken by the Division of Banks against motor vehicle sales finance companies to address unlicensed and illegal auto lending practices.
read more

DebtConnection.com is a searchable database of collection products and services.
The following Updates and New Entries occured since the last At A Glance was sent:
Portfolios For Sale
$7,249,598.00     Retail
National Debt Holdings, LLC
http://www.debtconnection.com/portfolio.asp?7977  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6735  

$18,841,118.00     Medical
National Debt Holdings, LLC
http://www.debtconnection.com/portfolio.asp?7976  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6735  

Brokers
BDO FINANCIAL LLC
Brian Williams
469-337-1427
More Information

Debt Buyers
KASH N KREDIT LLC
214-699-6109

Industry Events
Global Finance & Credit Conference & Expo
Global Finance and Credit Management Conference and Expo
Hyatt Regency
Chicago, IL
August 22 - 25, 2017
More Information

Debt Connection Symposium and Expo 2017
Resource Management Services, Inc.
JW Marriott Starr Pass
Tucson, AZ
September 11 - 13, 2017
More Information

Eastern Region Conference
Commercial Law League of America
Tropicana Casino & Resort
Atlantic City, NJ
September 13 - 15, 2017
More Information

Northeast Debt Collection Conference
ACA International
Caesars Atlantic City
Atlantic City, NJ
September 17 - 19, 2017
More Information

Sponsors
This report is sponsored by Resource Management Services, Inc. Check us out at: http://www.resourcemanagement.com/

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