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CFPB Deputy Director Takes Aim at “Rent-a-Bank Schemes”

In a keynote address at the Consumer Federation of America’s 2022 Consumer Assembly, CFPB Deputy Director Zixta Martinez squarely took aim at “rent-a-bank schemes” in some of the first (if not the first) such comments by a senior CFPB official. Historically, the CFPB has confined itself to “true lender” litigation against participants in high-rate programs involving Native American tribal parties (and not banks) already challenged by state enforcement authorities. We view Deputy Director Martinez’s comments as potentially signaling more widespread pursuit of this theory by the CFPB.

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The Strategic Approach to 7-in-7

You need to make every call, text, and email count. In this on-demand webinar and case study from Neustar, a TransUnion company, find out how you can increase contact rates while complying with Reg F.


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NCB Crown Asset Management Spring Oaks Capital TransUnion Provana

ConServe Helps Animals and the People that Love Them

Rochester, N.Y. -- The employees of Continental Service Group, Inc., d/b/a ConServe, in conjunction with the company’s “Matching Gift Program”, donated its May ConServe Cares proceeds to The Humane Society of Greater Rochester/Lollypop Farm.  Through their ongoing philanthropic program, ConServe employees can elect to participate in monthly charitable donations, thereby reinforcing ConServe’s outstanding corporate citizenship. Employees not only embrace ConServe’s mission of fostering relationships within our community, but also take pride in doing the right thing, at the right time, the right way.

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Recovery Decision Science Acquires the Assets of Geist Holdings

CINCINNATI, OH- Recovery Decision Science, LLC (RDS) has acquired the assets and technology of Geist Holdings, Inc. (Geist), a skip trace processing organization that applied proprietary data mining and quantitative analytics to provide unparalleled service finding account holder places of employment.

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You Can't Avoid a Data Breach - Three Ways to Prepare for the Inevitable

An ounce of prevention is worth a pound of a cure is a phrase often applied to data security at creditor firms and debt collection companies. Every organization in recovery and collections says they have robust data and cybersecurity policies and procedures in place to mitigate risks. Some of them actually do. But those safeguards cannot prevent a data breach. Businesses should be asking themselves not if, but when.

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Macy’s Credit Sued For Prerecorded Calls: Retailers Back in the TCPA Crosshairs?

Retailers have had a rough few years as Amazon and COVID have more or less crushed the idea that people want to go to the store for stuff.

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Absolute Resolutions Corp. Announces Organizational Changes

BLOOMINGTON, Minn-- Absolute Resolutions Corp. (“ARC”), headquartered in Bloomington, MN, announced today that its current CEO, Christopher Winkler, will depart the company after 14 years to pursue international debt buying opportunities. The organization is also announcing several key executive changes at the company.

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WCF 2022

5 December 2022 at 08:00 a.m.

Super Early Bird expires 6/30/22. Register Now!

Sharpen your leadership skills, expand your professional network and help improve your workplace culture when you attend Women in Consumer Finance 2022, December 5-7, 2022 at the Renaissance Esmeralda in Palm Springs. 

Event Details »