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Join us at LENDIT FINTECH USA 2020 – MAY 13 – 14, 2020 – and Save with DC code

We’re going – thought you’d want to go too!

LENDIT FINTECH USA 2020 – MAY 13 – 14, 2020 LendIt Fintech USA 2020 returns to NYC as they host the world’s largest fintech networking event. Over 5,000+ fintech innovators, investors, commercial and regional banks, service providers, enterprise tech companies, the media, and government officials will gather for two days of networking, learning and deal-making. Save 15% on your registration with code DC15%

CFPB Symposium: Consumer Access to Financial Records

The event is now streaming live. We’ll have a recording of the event and other resources from the event available here soon.  Join us for a symposium in Washington, D.C., on Consumer Access to Financial Records.   Join us for a symposium in Washington, D.C., on Consumer Access to Financial Records.  The symposium is the fourth in a series announced last year to explore consumer protections in today’s dynamic financial services marketplace.

4 Fintech Trends to Watch For in 2020

The fintech industry is one of the most visibly disruptive sectors since it can dramatically impact everyday consumers as well as the business of all sizes. It’s also potentially a highly regulated sector, with governments and regulators well aware of the need to both protect consumers and businesses, and to provide a fair, competitive environment for industry players. At the same time, governments don’t always agree on how exactly to regulate this rapidly changing industry. Coupled with intense competition from traditional, established banks and financial services providers, along with constant technological developments, this makes for a volatile, exciting sector to watch. So what do 2020 and the coming decade have in store for fintech and traditional banking and financial services?

Credit Union Peer Group Meets At CRS2020 May 6th

Credit Union Peer Group Meets at CRS2020 – Happy to report an increase in credit union professionals attending Collection and Recovery Solutions 2020 (CRS2020). The Credit Union Peer Group will meet Wednesday, May 6th – 8th from 3:30 p.m. – 4:45 p.m.   Credit Union professionals involved in collection and recovery will want to join peers for a small group session specifically with credit unions in mind. The moderator/facilitator is Chris Straiter, Director of Asset Loss Management of BECU. 

For information on CRS2020,
http://www.collectionrecoverysolutions.com/

NAFCU talks data privacy, GLBA safeguards with FTC


Yesterday, NAFCU Director of Regulatory Affairs Ann Kossachev, Senior Regulatory Counsel Elizabeth LaBerge, and Regulatory Affairs Counsel Mahlet Makonnen met with the Federal Trade Commission’s Bureau of Consumer Protection, Division of Privacy and Identity Protection to discuss data privacy and safeguards under the Gramm-Leach-Bliley Act (GLBA), among other things.

10 assertions from TransUnion study on Canadian fintech borrowers

TORONTO – Fintech isn’t limited just to Silicon Valley. TransUnion spotted fintech developments leaving impacts in the Oil Patch, MTA and Vancouver, too. A new study released this week by TransUnion explored the evolving trends around the fintech lender landscape in Canada, which can have an impact on how consumers secure auto financing and manage their other credit commitments. The research study analyzed more than 21 million non-mortgage credit products originated in Canada from Q1 2017 to Q2 2018.   TransUnion said its study findings revealed key insights that appear to debunk commonly held beliefs around the profile of fintech borrowers in Canada, as well as the ways that fintech lenders are employing and embracing different credit strategies compared to some of the more traditional lenders.

Wells Fargo workers seek Washington’s help with internal gripes

(Reuters) – A contingent of aggrieved Wells Fargo & Co (WFC.N) workers are taking complaints to Capitol Hill, saying they feel brushed aside by management. On March 25, an advocacy group called The Committee for Better Banks will participate in a House Financial Services Committee hearing titled “Holding Wells Fargo Accountable: Examining the Impact of the Bank’s Toxic Culture on Its Employees.” Two bank workers plan to testify. In a statement, Wells Fargo spokesman Mark Folk said management takes their concerns seriously.

Director Kraninger’s Remarks at the Credit Union National Association Government Affairs Conference

Today, I would like to discuss the role of the Bureau in the consumer financial marketplace and how we prevent consumer harm by establishing clear rules of the road. This promotes competition, increases transparency, protects consumers, and preserves fair markets for financial products and services. Specifically, I would like to share with you our approach to reviewing regulations to ensure they are effective. And, lastly, I will discuss our Start Small, Save Up initiative that promotes emergency savings for consumers.

DCM SERVICES IS SET TO EXHIBIT AT THE CRS2020 CONFERENCE IN MAY

We are happy to have DCM Services as an exhibitor at the Collection and Recovery Solutions Conference, May 6-8 in Las Vegas, NV at the Four Seasons Hotel Las Vegas.  Be sure to visit them in booth 1 in the Exhibit Hall.

Inspired to create solutions.
“At DCM Services, we are energized and excited to elevate the accounts receivable industry holistically. Our compliant, results-driven technological solutions extend beyond products and services. We create specialty solutions to positively impact our clients, their customers, and their customers’ families.”

Visit DCM Services website for more information at https://www.dcmservices.com/

Operator of Fraudulent Debt Collection Scheme Settles With FTC, New York

The operator of a debt collection scheme has settled claims by the Federal Trade Commission and New York Attorney General that he and the companies he controlled lied to consumers about how much debt they owed and used illegal scare tactics to collect it. Under the settlement, Robert Heidenreich, who ran the scheme from the Buffalo, N.Y. area, is permanently banned from the debt collection business and prohibited from misleading consumers about any financial products. The FTC filed its complaint in the case in October 2018.