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News Release: NARCA President Named to CFPB Advisory Board
National Association of Retail Collection Attorney’s President Joann Needleman has been appointed to serve on the Consumer Financial Protection Bureau’s Consumer Protection Advisory Board.
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Inc. magazine has ranked Autoscribe Corp., based in Gaithersburg, Md., on its 33rd annual Inc. 500|5000 list, a ranking of the nation's fastest-growing private companies. Autoscribe is an affiliate member of ACA International. more »
Legislation aimed at allowing student loan borrowers to refinance their debt will return to the Senate floor for a second vote next month. more »
Goldman Sachs is in the final stages of negotiating $1.1 billion settlement with the Federal Housing Finance Agency, according to a news report Friday. more »
Inc. magazine has ranked Fairport, N.Y.-based collection agency ConServe on its 33rd annual Inc. 500|5000 list, a ranking of the nation's fastest-growing private companies. more »
The Consumer Financial Protection Bureau and Federal Trade Commission filed an amicus brief in the case of Hernandez v. Williams, Zinman & Parham, which concerns the interpretation and enforcement of the Fair Debt Collection Practices Act. more »
A nursing home located in New Rochelle, N.Y. will pay $2.2 million to settle allegations that the business and its owner submitted more than 62,000 inflated claims to the New York State Medicaid Program. more »
Default rates fell slightly in July to the lowest mark in more than 10 years, according to the S&P/Experian Consumer Credit Default Indices released Tuesday. more »
The New York Times Magazine is exploring the business of buying and collecting debt in a lengthy feature article looking at two companies and the collection professionals behind them. more »
U.S. consumer debt dropped in the last quarter for the first time in a year as mortgage originations fell to the lowest mark since 2000, according to the Federal Reserve Bank of New York's latest quarterly report. more »
Federal lawmakers are calling on the Consumer Financial Protection Bureau and the Department of Defense to investigate a report that some retailers have filed debt collection lawsuits against active duty military. more »
"We don't pay any attention to medical debt simply because medical billing is so confusing and it's difficult to tell whether or not the person actually owes the money," said Robert Messer, executive vice president and chief financial officer of the $2.4 billion-asset American National Bank of Texas based in Terrell.
When Fair Isaac Co. announced a new credit scoring model last week, it earned significant media attention and won praise for helping consumers marred by medical debt to boost their scores. more »
Indianapolis Star
ITT Educational Services Inc. has seen a large drop in its stock price and other woes amid a Consumer Financial Protection Bureau lawsuit and tightening regulatory scrutiny of for-profit colleges nationwide. more »

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