Current Industry News

The Real Impact Of Data Breaches

Seemingly every few weeks news breaks of a new hacking scandal or high profile data breach. No industry is immune: Among the recently breached are a global hotel chain, a Q&A platform, fitness apps, global social platforms, big-box retailers and data companies that routinely handle vast amounts of sensitive, personal informationdata. There are likely many more that have yet to be uncovered. Lukewarm responses to the breaches have also become quite common. It’s often difficult to quantify real-life impact and damage, especially since the types of data types compromised can vary. The legal and regulatory frameworks to ensure some accountability and punishment severely lag behind the complexity and prevalence of routine data collection and retention practices – and not just in marketing. With no enforcement, companies have little incentive to devote real resources to preemptive and ongoing data protection.

Ajit Pai’s FCC gives carriers the option to block text messages

The Federal Communications Commission said it’s getting tough on text message spam by clarifying that phone companies can block unwanted texts. At its monthly meeting Wednesday, the Republican-led agency voted 3-1 to classify SMS text messages as a so-called Title I information service under the Telecom Act. The three Republicans on the FCC, which voted to adopt the classification, said this would allow phone companies to block spam text messages. FCC Chairman Ajit Pai said the new classification would empower wireless providers to stop unwanted text messages.


Collection and Recovery Solutions 2019 conference, will be held at the Four Seasons Hotel, Las Vegas May 8 – 10, 2019.  For originating creditors only, the special 2 for 1 registration offer ends on December 31, 2019.  

Registrations will be accepted on a first-come, first-served basis. If you are a senior level creditor involved in collection and recovery, and are interested in receiving an invitation, please contact us at (562) 906-1101 or E-Mail: For more information on the Collection and Recovery Solutions 2019 conference, please visit us at

New Head of Watchdog Agency Vows Consumers Will Be Top Focus

WASHINGTON (AP) — The new head of the U.S. consumer watchdog agency says she doesn’t have immediate targets in mind for rolling back actions taken by her controversial predecessor, and will put protecting consumers in the forefront while also encouraging financial innovation.   Kathy Kraninger, nominated by President Donald Trump and confirmed by the Senate last week on a narrow, party-line vote, has replaced Mick Mulvaney as director of the Consumer Financial Protection Bureau.

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