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Federal Gov’t Announces Crackdown on Discrimination in Financial Services

Account Recovery

It might not specifically mention debt collection or the accounts receivable management industry, but everyone’s ears should still be perking up after a number of departments within the federal government on Friday announced a crackdown on discrimination in the financial services industry.

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Transworld Systems Inc. Completes Acquisition of EOS North America

Account Recovery

technology-enabled provider of accounts receivable management (ARM) solutions, announced today it has completed its acquisition of EOS North America, a leading first- and third-party collection agency serving government, financial services, healthcare, telecom and utility clients in the United States and Canada.

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New California Regulator Launches Investigation Into Collection Industry; Subpoenas 12 Companies

Account Recovery

The California Department of Financial Protection and Innovation (DFPI) came out swinging yesterday with its first major action, issuing subpoenas to a dozen companies in the accounts receivable management industry, investigating consumer complaints about alleged unlawful, unfair, deceptive, or abusive collection practices.

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Top Financial Services Podcasts for AR and Consumer Finances

PDC Flow

Here are just some of the many financial services podcasts available centering on accounts receivable , consumer finance and other aspects of business that can strengthen your skills and keep your company current. Financial Services and Fintech. Accounts Receivable Management.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

The law does not impact most third-party collection agencies, but it does impact some creditors and debt buyers. The California commissioner of financial protection and innovation recently issued proposed changes to the notice of rulemaking for acquiring a debt collection license under the Debt Collection Licensing Act.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Federal Activities: On April 19, the Consumer Financial Protection Bureau (CFPB) announced that the 30-day comment period on the CFPB’s proposal to delay the effective date of Regulation F, its Debt Collection Rule, is open.

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Senators Propose COVID-19 Medical Debt Collection Relief Act

Collection Industry News

The COVID-19 Medical Debt Collection Relief Act , sponsored by U.S. would, according to a news release : Suspend all extraordinary collection actions by health care providers for all medical debt (e.g. wage garnishment, bank account seizure) during the covered period (i.e. Chris Van Hollen, D-Md., and Chris Murphy, D-Conn.,