At a glanceWednesday, April 18, 2018

At A Glance Collection Industry News 4/18/2018
 
Wednesday, April 18, 2018
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Senate repeals auto-loan guidance in precedent-shattering vote
In a vote that could set a precedent for repealing a broad range of regulations opposed by Republicans, the Senate on Tuesday repealed a controversial Consumer Financial Protection Bureau decree on auto-loan financing.
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S&P/Experian Consumer Credit Default Indices Show Bank Card Default Rates Higher For Fourth Consecutive Month In March 2018
NEW YORK, April 17, 2018 /PRNewswire/ -- S&P Dow Jones Indices and Experian released today data through March 2018 for the S&P/Experian Consumer Credit Default Indices. The indices represent a comprehensive measure of changes in consumer credit defaults and show that the composite rate was unchanged at 0.96%.
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FTC Testifies Before U.S. Senate Committee on Commerce, Science and Transportation Providing Update of Agency’s Efforts to Combat Illegal Robocalls
The Federal Trade Commission today updated a U.S. Senate committee on the agency’s continued efforts to combat unwanted and illegal telemarketing robocalls. According to the testimony, consumers are justifiably frustrated by such calls and submitted more than 4.5 million complaints about robocalls in fiscal year 2017. The FTC today reaffirmed its commitment to using every tool at its disposal in its fight against these intrusive and illegal calls.
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Debt collection agency plans Indiana call center, 600 jobs
JEFFERSONVILLE, Ind. (AP) — A debt collection agency plans to open a southern Indiana call center that company officials say will eventually employ more than 600 workers.
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Partial defeat for National Credit Union Administration in US court battle
A legal battle in the US, between the National Credit Union Administration (NCUA) and the American Bankers Association, over the size of the field of membership permitted for credit unions, has brought mixed results in a federal ruling.
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Primeritus Financial Services Receives Top Honor from Ally Financial
NASHVILLE, Tenn., April 17, 2018 /PRNewswire/ -- Primeritus Financial Services, Inc., the leading provider of recovery management, skip tracing and remarketing services for the auto finance industry in the U.S., today announced that it has received Ally Financial's 2017 Supplier of the Year award.
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Senate to vote on repeal of CFPB auto-loan guidance
The Senate will soon vote to repeal controversial regulatory guidance on how auto dealers finance loans to customers meant to curtail discriminatory lending, Majority Leader Mitch McConnell (R-Ky.) said Tuesday.
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FTC and FCC to Co-Host Expo on April 23 Featuring Technologies to Block Illegal Robocalls
The Federal Trade Commission (FTC) and Federal Communications Commission (FCC) will co-host a Stop Illegal Robocalls Expo on Monday, April 23, 2018, from 10 a.m. to noon at the Pepco Edison Place Gallery, 702 Eighth Street, NW, Washington, DC 20068.
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U.S. Department of Education and U.S. Department of Veterans Affairs Team Up to Simplify Student Loan Discharge Process for Disabled Veterans
WASHINGTON, D.C. – The U.S. Department of Education (Department) has partnered with the U.S. Department of Veterans Affairs (VA) to make it easier for America’s disabled veterans to have their federal student loans discharged.
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This week: NCUA considers rules offering reg relief; Congress discusses illegal robocalls, financial system
Both the House and Senate are in session this week. Committees in each chamber will hear testimony from Federal Reserve Vice Chairman Randal Quarles on the U.S. financial system, and House and Senate committees will hold hearings on stopping abusive robocalls. The NCUA Board meets Thursday and will consider two rules that would offer credit unions greater flexibility in capital planning and advertising.
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Oregon Amendment Clarifies New Debt Collection Requirement Only Applies to Purchased Debts
Last summer, Oregon Gov. Kate Brown signed H.B. 2356 into law. The legislation, enacted per the request of the state’s attorney general, required debt buyers to obtain a license from the Oregon Department of Consumer and Business Services (DCBS). This legislation also included procedural requirements for collection actions taken by debt buyers and debt collectors working on the debt buyer’s behalf
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Uber Agrees to Expanded Settlement with FTC Related to Privacy, Security Claims
Uber Technologies, Inc. has agreed to expand the proposed settlement it reached with the Federal Trade Commission last year over charges that the ride-sharing company deceived consumers about its privacy and data security practices.
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WRITTEN TESTIMONY OF MICK MULVANEY ACTING DIRECTOR, BUREAU OF CONSUMER FINANCIAL PROTECTION, BEFORE THE SENATE COMMITTEE ON BANKING, HOUSING AND URBAN AFFAIRS
Shortly after President Trump appointed me as Acting Director of the Bureau, I announced that the Bureau would continue to execute the law but would no longer go beyond its statutory mandate. In enacting section 1016(c) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), Congress enumerated nine elements for inclusion in the Bureau’s semi-annual reports to Congress:
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ACT Holdings, Inc. Visits St. Jude Children’s Research Hospital® to Donate $36,000
WOODLAND HILLS, Ca – April 12, 2018 –Account Control Technology Holdings, Inc.’s (ACT Holdings), a national leader in debt recovery and business process outsourcing solutions, recently visited St. Jude Children’s Research Hospital in Memphis, Tennessee, to present a donation of $36,000. The generous contribution was a result of employee fundraising efforts from its 18 offices and a company match.
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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
$5,626,202.00 Credit Cards
National Debt Holdings, LLC
(877) 277-5571

$105,746,389.00 Medical
BDO Financial LLC
(469) 337-1427

$1,864,613.00 Other
BDO Financial LLC
(469) 337-1427

$7,911,693.00 Credit Cards
BDO Financial LLC
(469) 337-1427

$6,625,207.00 Medical
Capital Asset Management, Inc.
(317) 633-6633

Agency
Empereon-Constar
(602) 889-3655
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Central Research, Inc.
(707) 217-9500
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Epicenter Technologies
(855) 884-7592
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SIMM Associates, Inc.
(302) 283-2802
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UCB, Inc.
(954) 236-6027
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SRA Associates, Inc.
(800) 735-0552
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NCB Management Services, Inc.
(215) 360-5028
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Association
Millennial Peer Group
(562) 906-1101
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Recovery Management Network (RMN)
(562) 906-1101
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Bankruptcy
Phin Solutions
(763) 633-7007
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Peritus Portfolio Services
(866) 831-5954
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Becket & Lee LLP
(610) 644-7800
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Brokers
Palmetto Debt Management Partners, LLC
(844) 428-3328
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DSP Holdings, Inc., dba Debt Sales Partners
(330) 686-6700
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BDO Financial LLC
(469) 337-1427
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Contact Solutions / Dialers
Telrock Systems, Inc.
(678) 451-9975
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Debt Buyers
Viking Enterprises, LLC
(973) 885-6145
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Troy Capital, LLC.
(702) 233-3302
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National Recovery Solutions, LLC
(888) 863-5498
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Gotham Collection Services Corporation
(516) 482-3210
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Cherrywood Enterprises, LLC
(561) 508-7650
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Bloomfield Financial Group, LLC
(800) 717-1018
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Asset Recovery Associates
(888) 310-1550
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Absolute Resolutions Corp
(800) 713-0670
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Premier Asset Management, LLC
(605) 999-3249
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Debt Seller
Viking Portfolio Management, Inc.
(877) 217-0124
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Sea Side Management, LLC
(800) 917-7183
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National Debt Holdings, LLC
(877) 277-5571
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Liberty Credit Management
(877) 863-0799
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Capital Debt Solutions, LLC
(866) 305-5102
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Capital Asset Management, Inc.
(317) 633-6633
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BAL Financial LLC
(617) 595-5794
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Argonaut Financial, LLC
(951) 239-1261
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Legal Networks / Services
Stenger & Stenger, PC
(616) 940-1190
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Mail Processing
PCI Group Inc
(800) 394-0328
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Payment Processor
Paymentus
(980) 255-3000
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Repo Service
Del Mar Recovery Solutions
(844) 400-9615
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DRN Digital Recognition Network
(817) 710-7652
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Skip Tracing
VeriFacts, Inc.
(800) 542-7434
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Software
VoApps
(470) 809-6584
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Katabat
(302) 379-2399
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Ontario Systems
(765) 751-7000
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Codix
(404) 790-0998
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CallMiner
(781) 547-5666
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Zenylitics
(469) 623-6978
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Industry Events
Stop Illegal Robocalls Expo
Pepco Edison Place Gallery
Washington, D.C.
April 23, 2018
More Information

PAYMENTS 2018
San Diego Convention Center
San Diego, CA
April 29 - May 2, 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

Sponsors










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

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