Account Recovery

SEPTEMBER 10, 2021

Monterey Financial Services announced earlier this week that it had purchased Continental Central Credit. Monterey offers debt buying, servicing, and delinquent debt recovery solutions. Continental Central Credit is based in Carlsbad, Calif. Terms of the deal were not disclosed.

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Troutman Sanders

JUNE 21, 2023

On June 14, CFPB Director Rohit Chopra issued an opening statement before the House Committee on Financial Services, which included an update as to the CFPB’s mandated objectives and alerts for “shocks to the system that might unsettle household financial stability.” For more information, click here.

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Troutman Sanders

OCTOBER 19, 2021

State Activities: On October 26, the Maryland Office of the Commissioner of Financial Regulation will host a free online information session for Maryland consumer debt collection agencies. On October 26, the Nevada’s Financial Institutions Division is holding a workshop on regulations pertaining to medical debt collections and S.B.

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Troutman Sanders

OCTOBER 11, 2021

In the information session, “[f]ederal and state regulators and industry thought leaders will discuss the new federal rules for debt collection, the Maryland Consumer Debt Collection Act, medical debt collection, debt buying, consumer privacy and data security, the State Examination System, the use of technology to improve operations and compliance.”

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Troutman Sanders

NOVEMBER 30, 2021

We will continue to offer webinars related to legal issues and recent decisions affecting the consumer financial services industry caused by COVID-19 or otherwise. If you have any questions about this series, please contact us. VISIT OUR BLOG FOR REGULAR UPDATES.

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Collection Industry News

DECEMBER 19, 2023

Enforcement Action Under the Consumer Financial Protection Act, the CFPB has the authority to take action against entities violating consumer financial protection laws, including the Fair Credit Reporting Act and Fair Debt Collection Practices Act.

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Katabat

JANUARY 24, 2020

January 23, 2020 (Sacramento, CA) – Katabat, a leading cloud-based debt-collection software provider, will serve as a Gold Sponsor of this year’s RMAI Annual Conference. Katabat is also sponsoring an education session on Wednesday from 11:30 am to 12:20 pm, “Fintech and the Future of Debt-Buying: Are You Ready?”

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