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Wednesday, October 25, 2017
Mid Week Articles:
REPUBLICANS SECURED THE VOTE AGAINST THE CONSUMER FINANCIAL PROTECTION BUREAU'S RULE AS TIME TO DECIDE ON THE CONGRESSIONAL REVIEW ACT RESOLUTION WAS RUNNING OUT.
U.S. Senate Republicans, with Vice President Mike Pence casting the tie-breaking vote after a 50-50 vote, overturned the Consumer Financial Protection Bureau's rule to ban class action waivers in arbitration agreements in contracts for consumer financial products Tuesday night.
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ACTING COMPTROLLER OF THE CURRENCY ISSUES STATEMENT REGARDING THE SENATE'S VOTE TO OVERTURN THE CONSUMER FINANCIAL PROTECTION BUREAU'S RULE ON ARBITRATION AGREEMENTS
WASHINGTON- Acting Comptroller of the Currency Keith A. Noreika issued the following statement following the vote by the U.S. Senate to overturn the Consumer Financial Protection Bureau's rule on arbitration agreements:
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U.S. FINANCIAL INSTITUTIONS REMAIN HIGHLY SUSCEPTIBLE TO HACKERS
NEW YORK, Oct. 24, 2017 /PRNewswire/ -- SecurityScorecard, the leader in security ratings, today released its 2017 Financial Cybersecurity Report. This comprehensive analysis explores cybersecurity vulnerabilities across 2,924 U.S. financial institutions including FDIC-insured banks, credit unions, investment banks, and other financial firms and compared results to other sectors. The financial industry placed third in cybersecurity performance out of 18 of the U.S. economy's primary industries.
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ALL 5 FCC COMMISSIONERS TO TESTIFY BEFORE HOUSE SUBCOMMITTEE ON COMMUNICATIONS AND TECHNOLOGY
The U.S. House Subcommittee on Communications and Technology has invited the five commissioners with the Federal Communications Commission, including Chairman Ajit Pai to testify Wednesday during a hearing to discuss draft legislation to reauthorize and reform the FCC, among other topics. The hearing will mark the first time all five current FCC commissioners testify before Congress.
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AG PAXTON JOINS 25-STATE BIPARTISAN COALITION CALLING ON EDUCATION SECRETARY TO PRESERVE STATES' OVERSIGHT OF STUDENT LOAN INDUSTRY
Joining a bipartisan coalition of 25 states, Attorney General Ken Paxton today called on U.S. Secretary of Education Betsy DeVos to reject a campaign by student loan servicers and debt collectors to dismantle state oversight of the student loan industry. In recent years, Texas and other states investigated and prosecuted a number of student loan industry abuses, winning settlements in the tens of millions of dollars for vulnerable student borrowers.
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TREASURY RELEASES REPORT EXAMINING THE CFPB'S ARBITRATION RULE

WASHINGTON - The U.S. Treasury Department today released a report that examines the Consumer Financial Protection Bureau's (CFPB) arbitration rule. The Treasury report delves into the analysis CFPB used to prohibit mandatory arbitration clauses. It outlines important limitations to the data behind CFPB's rule and explains that CFPB did not appropriately consider whether prohibiting arbitration clauses would advance consumer protection or serve the public interest.

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CFPB OMBUDSMAN'S OFFICE CELEBRATES CONFLICT RESOLUTION MONTH
Each year, October is observed as conflict resolution month-a time to highlight the benefits of constructive, informal approaches for resolving conflict. Throughout the United States, governments at all levels, businesses, and educational institutions focus attention on how conflict resolution techniques can benefit individuals and organizations. These techniques typically involve the assistance of neutral, trained professionals, such as ombudsmen, mediators, and facilitators, who can assist in resolving issues but do not advocate for a particular outcome.
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VICTORY MEDIA SETTLES FTC CHARGES CONCERNING ITS PROMOTION OF POST-SECONDARY SCHOOLS TO MILITARY CONSUMERS
The Federal Trade Commission and Victory Media, Inc. have reached a proposed administrative consent agreement resolving allegations that Victory Media violated Section 5 of the FTC Act in connection with its promotion of post-secondary schools to military consumers.
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TOYOTA FINANCIAL SERVICES OFFERS PAYMENT RELIEF TO CUSTOMERS AFFECTED BY CALIFORNIA WILDFIRES
PLANO, Texas, October 19, 2017 - Toyota Financial Services (TFS) announced it is offering payment relief options to its customers affected by the recent California wildfires. This broad outreach includes any Toyota Financial Services (TFS) or Lexus Financial Services (LFS) customer in the designated disaster areas and follows the company's recent payment relief programs for customers affected by Hurricane Harvey, Hurricane Irma, and Hurricane Maria.
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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
$56,517,496.00     Medical
Capital Debt Solutions, LLC
http://www.debtconnection.com/portfolio.asp?8049  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6301  

Agency
GATEWAY RECOVERY SOLUTIONS LLC
909-714-2787

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

PALMETTO DEBT MANAGEMENT PARTNERS, LLC
William Lowery
844-428-3328
More Information

Debt Buyers
GATEWAY RECOVERY SOLUTIONS LLC
909-714-2787

Debt Sellers
LIBERTY CREDIT MANAGEMENT
Ryan Evans
562-346-4489
More Information

Industry Events
ACA International Fall Forum & Expo 2017
ACA International
Loews Chicago
Chicago, IL
November 1 - 3, 2017
More Information

NASP 2017 Annual Conference
J.W. Marriott
Austin, TX
November 5 - 8, 2017
More Information

Collection and Recovery Solutions 2018
Four Seasons Las Vegas
Las Vegas, NV
May 9 - 11, 2018
More Information

Debt Connection Symposium & Expo 2018
JW Marriott Austin
Austin, TX
September 5 - 7, 2018
More Information

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