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Wednesday, January 17, 2018
Mid Weeks Articles:

CFPB SAYS IT WILL RECONSIDER ITS RULE ON PAYDAY LENDING
The Consumer Financial Protection Bureau has taken the first step to killing or revising the payday lending rule it finalized only a few months ago.
read more

MAJORITY OF BANKS, CREDIT UNIONS OFFER MOBILE BANKING SERVICES, SURVEY FINDS
According to a new survey from the Federal Reserve, 89 percent of banks and credit unions already offer mobile banking services to their customers.
read more

A.G. SCHNEIDERMAN FILES SUIT TO STOP ILLEGAL ROLLBACK OF NET NEUTRALITY
NEW YORK - Today, New York Attorney General Eric T. Schneiderman led a coalition of 22 Attorneys General in filing a multistate lawsuit to block the Federal Communications Commission's illegal rollback of net neutrality. The coalition filed a petition for review in the U.S. Court of Appeals for the D.C. Circuit, formally commencing the lawsuit against the FCC and the federal government.
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WELLS FARGO JOINS CAROLINA FINTECH BOARD AS ANCHOR PARTNER
Wells Fargo & Co. (NYSE: WFC) has joined Carolina Fintech Hub as its fifth anchor partner on the board, joining fellow partners Bank of America Corp., BB&T Corp., Ally Financial Inc. and Ernst & Young.
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HOW DATA BUILDS A FOUNDATION FOR COMMERCIAL BANK/FINTECH COLLABORATION
The corporate expense management market doesn't look like it once did. The traditional strategy of handing an employee a corporate card, hoping they make responsible purchases and depending on accurate expense reports has evolved into a market that embraces automation, artificial intelligence, mobility and an array of card products, from P-cards to virtual numbers.
read more

SOUTH KOREA'S HYUNDAI MOTOR GROUP TO INVEST $21.6 BILLION OVER 5 YEARS: FINANCE MINISTRY
SEOUL: Hyundai Motor Group plans to invest about 23 trillion won ($21.56 billion) over the next five years in areas such as electric cars, self-driving automobiles and artificial intelligence, South Korea's finance ministry said on Wednesday.
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MORTGAGE APPLICATIONS RISE 4.1% AS BORROWERS SEE LAST CHANCE TO GET LOWEST RATES
The rise in mortgage applications last week doesn't make sense - unless you factor in fear. Interest rates rose, but borrowers may have jumped in, especially to refinance their current loans, worried that the long run of record low rates is over.
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BETTER MORTGAGE LAUNCHES IN TEXAS
Consumers in the Lone Star State can now turn to online lender Better Mortgage for their mortgage needs.
read more

NOBLE SYSTEMS TO PRESENT CUSTOMER EXPERIENCE TECHNOLOGIES AT CUSTOMER CONTACT WEEK 2018'S WINTER EXPO
Atlanta, GA - January 16, 2018: Noble Systems Corporation, a global leader in omnichannel contact center technology solutions, will showcase its industry-leading solutions for Contact Center, Workforce Management, and Analytics at Customer Contact Week 2018's Winter Expo next week in New Orleans. The Expo Hall will be open on January 23 and 24.
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CFPB STATEMENT ON PAYDAY RULE
Washington, D.C. - The Bureau of Consumer Financial Protection (Bureau) today issued the following statement on the Payday Rule: "January 16, 2018 is the effective date of the Bureau of Consumer Financial Protection's final rule entitled “Payday, Vehicle Title, and Certain High-Cost Installment Loans" ("Payday Rule"). The Bureau intends to engage in a rulemaking process so that the Bureau may reconsider the Payday Rule.
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AG FERGUSON CHALLENGES FCC DECISION TO END NET NEUTRALITY
OLYMPIA - Attorney General Bob Ferguson today filed a petition to appeal the Federal Communications Commission (FCC) decision to rescind net neutrality rules.
read more

CONSERVE CONSUMER COMPLIMENTS SURGE PAST 50K!
Rochester, N.Y. - At Continental Service Group, Inc., d/b/a ConServe, all their work demonstrates character, integrity and respect. So much so that they are the proud recipients of the Better Business Bureau's Torch Award for Ethics and the Rochester Business Ethics Foundation ETHIE award for exemplifying ethical business practices in the community and the industry.
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CONVOKE EXPANDS AND ENHANCES FEATURES OF ITS PLATFORM
ARLINGTON, Va., Jan. 16, 2018 /PRNewswire/ -- Convoke, a leader in SaaS solutions for the debt collection market, today announced the most recent software update to its debt validation and third-party oversight platform. Convoke's update includes the introduction of reporting and tracking for auto repossession accounts, expansion of the utilization and reporting for Data Groups, media push and download enhancements, and expansion of audit capabilities.
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ALBERTA PAYDAY LOAN CRACKDOWN SHRINKS INDUSTRY
The payday loan industry is shrinking in Alberta after the province cracked down on the businesses often accused of predatory lending, though dozens remain in Calgary.
read more

DEBT BILL HURTS CONSUMERS
Tuesday, January 16, 2018 10:55 pm Why is Rep. Gonzalez backing a bill that would shield lawyers from liability for false, deceptive, misleading, and unfair practices when collecting debts in courts? Texans like to boast that everything is bigger here. Unfortunately, when it comes to consumer debt in collection, they are correct. A recent study by the Urban Institute, a nonpartisan economic and social science research group, reported that more than 44 percent of Texans had some form of debt in collection. That's 11 percent higher than the national average, putting Texas second only to Louisiana.
read more

REPORT: IRS DEBT COLLECTION PROGRAM COST TAXPAYERS MILLIONS
In its first year in operation, a new IRS program that was meant to outsource federal tax debt collection efforts ultimately cost U.S. taxpayers three times more than it actually recovered.
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JUDGE DENIES REQUEST TO BLOCK MULVANEY AS CFPB ACTING DIRECTOR
D.C. federal district court Judge Timothy Kelly on Wednesday again denied a request to block Mick Mulvaney from serving as the CFPB's acting director. The lawsuit at hand centers on who has the authority to name an acting director when the director steps down.
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CONDITIONS REMAIN MOSTLY SUNNY IN CALIF., NEV., BUT ARE TROUBLES AHEAD?
Credit unions in California and Nevada are posting records in memberships, loans and deposits, but an economist has raised concerns growth rates may slow in 2018.
read more

A PROPOSED LAW IN THE SENATE REQUIRES CREDIT REPORTING AGENCIES TO PROTECT THE DATA IT AMASSES ON AMERICAN CONSUMERS FROM HACKERS -- OR PAY THE PRICE
Two Democratic senators want to make the law tougher on credit reporting agencies that get breached by hackers, like Equifax did in 2017.
read more

ROUTEONE ADDS FIDELITY BANK TO ECONTRACTING FOOTPRINT
FARMINGTON HILLS, Mich. - This week, RouteOne announced the addition of Fidelity Bank as an available eContracting finance source for dealers utilizing the RouteOne platform.
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
$357,389.00     Credit Cards
Sea Side Management, LLC
http://www.debtconnection.com/portfolio.asp?8140  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?7864  

$887,000.00     Payday Loans
National Debt Holdings, LLC
http://www.debtconnection.com/portfolio.asp?8139  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6735  

$1,690,996.00     Consumer Loans
National Debt Holdings, LLC
http://www.debtconnection.com/portfolio.asp?8138  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6735  

$8,120,510.00     Credit Cards
National Debt Holdings, LLC
http://www.debtconnection.com/portfolio.asp?8137  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6735  

$5,243,001.00     Credit Cards
National Debt Holdings, LLC
http://www.debtconnection.com/portfolio.asp?8136  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6735  

$92,000,000.00     Commercial
National Debt Holdings, LLC
http://www.debtconnection.com/portfolio.asp?8135  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6735  

$1,000,000.00     Payday Loans
National Debt Holdings, LLC
http://www.debtconnection.com/portfolio.asp?8134  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6735  

$1,345,500.00     Credit Cards
National Debt Holdings, LLC
http://www.debtconnection.com/portfolio.asp?8133  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6735  

$80,553.00     Payday Loans
National Debt Holdings, LLC
http://www.debtconnection.com/portfolio.asp?8132  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6735  

$40,000,000.00     Consumer Loans
National Debt Holdings, LLC
http://www.debtconnection.com/portfolio.asp?8131  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6735  

Industry Events
National Association of Chapter 13 Trustees Mid Year Meeting
National Association of Chapter 13 Trustees
The Mayflower Renaissance
Washington, DC
January 18 - 20, 2018
More Information


Customer Contact Week
CCW
Hyatt Regency New Orleans
New Orleans, LA
January 22 - 25, 2018
More Information


Fighting Consumer Fraud and Identity Theft in New York
Federal Trade Commission
Webinar
January 23, 2018
More Information


Free Webinar: Fighting Back Against Tax Identity Theft and IRS Imposter Scams
Federal Trade Commission
Webinar
January 29, 2018
More Information


Receivables Management Association International 21st Annual Conference
Receivables Management Association International (RMA)
Aria Resort & Casino
Las Vegas, NV
February 6 - 8, 2018
More Information


PrivacyCon 2018
Federal Trade Commission
CONSTITUTION CENTER
Washington, DC
February 28, 2018
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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