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CFPB Sues United Holding Group, its Affiliates and Owners; UHG Responds, Denies Allegations

On January 10, 2022, the Consumer Financial Protection Bureau (CFPB) issued a press release announcing it sued United Debt Holding (UDH), JTM Capital Management (JTM), United Holding Group (UHG), along with their owners Craig Manseth, Jacob Adamo, and Darren Turco. The CFPB alleges UDH, JTM, UHG, and their owners knowingly used third-party collectors who engaged in unlawful and deceptive practices. Through a statement, UHG and its owners have denied the allegations.

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New Whitepaper - Playing by the Rules: A Case Study on Compliant Convenience Fees in ARM

Agencies can add 2% to 3% back to their contingency fee margins by asking consumers to absorb credit or debit card merchant costs, but that strategy comes with significant compliance risk - from the FDCPA, CFPB rules, and multiple state laws. Plus, the card brands have very specific rules, too. In this new whitepaper from Payscout, find out how one high profile agency successfully deployed this strategy only after acing convenience fee compliance. Learn more.
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DebtNext Software Adds Industry Veteran to Leadership Team

COPLEY, OH --  DebtNext Software is pleased to welcome Kristin Dougherty as its new National Sales Director. In her new role, Kristin will be responsible for continuing to grow DebtNext Software’s client base across multiple industry verticals.

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Daniel J. McCusker, Esq. Joins FFAM360 Executive Leadership as General Counsel and Chief Compliance Officer

PEACHTREE CORNERS, GA -- The First Financial Asset Management (FFAM360) family of companies, a world-class organization providing revenue-centric solutions to specifically address all phases of the credit and revenue lifecycle, is pleased to announce the addition of Daniel J. McCusker, Esquire as General Counsel and Chief Compliance Officer. Mr. McCusker has over 20 years of legal leadership experience in the ARM industry including collections, law firms, and the private sector.

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What every CEO and General Counsel needs to know about new CFPB Director Chopra

Having previously worked closely with CFPB Director Chopra while he served as the CFPB’s Acting Director and its first Deputy Director, Mr. Date provides a unique perspective on Mr. Chopra’s views and likely actions as CFPB Director.  We discuss how the CFPB is likely to approach key areas under Mr. Chopra’s leadership, including fair lending and digital redlining, technology/fintech, and mortgage lending and servicing.  We also discuss whether Director Chopra will revisit CFPB rulemaking for small-dollar lending, debt collection, or arbitration.

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MRS Welcome Kevin Mendenko as Senior Vice President of Human Resources

Cherry Hill, N.J. --  MRS is pleased to welcome Kevin Mendenko to the company as Senior Vice President of Human Resources. Mendenko has 12 years of experience in Human Resources throughout various industries including Supply Chain & Logistics, Retail, and Charitable Donations. In his most recent role, Kevin served as the Vice President of Human Resources for GreenDrop LLC and 2nd Ave LLC, where he was responsible for creating a Best in Class HR Service Center.

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Absolute Resolutions Corp. makes donations to various national and local charities

Bloomington, Minn. -- Absolute Resolutions Corp., headquartered in Bloomington, MN, announced today that they will be making charitable contributions on behalf of its employees.

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