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How Accurate is Your Metro 2® Furnishing? (Do you even know?)

The CFPB expects that you, as furnishers, have written documentation to explain how you’ve populated various Metro 2® fields from your systems of record. Here are a few areas to tackle as part of your journey to data furnishing accuracy and control.

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New: The Evolution of the Maturing POS/BNPL Consumer

Buy Now, Pay Later (BNPL) and point-of-sale (POS) financing is expected to top 40% annual growth by 2030. Want to understand the POS/BNPL consumer better? In this new, comprehensive study from TransUnion, find out:

  • How and why consumers are using POS/BNPL products

  • How the demographics, risk levels and access to credit of these consumers have changed

  • The short- and long-term benefits lenders can gain from these POS financing insights

Get the new, free study right here.
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insideARM is grateful to our 2022 Strategic Supporters:

NCB Crown Asset Management Spring Oaks Capital TransUnion Provana

Universal Fidelity Contributes to Ballard House

KATY, TX -- Universal Fidelity LP (UFLP) located in Katy, Texas, raised donations for the Ballard House.  The Ballard House provides temporary housing for individuals and families who are hospitalized and receiving treatments.  The team at UFLP generously donated tons of items from the charity's need list.  UFLP and the team members pick local charities quarterly to donate items that are needed.   I am so thankful for the participation I see from everyone to do their part in the community,” said Jessica Hearn/CEO at UFLP.  The next charity has been picked and donations are coming in already.

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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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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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Complete Guide to Risk and Gap Assessments Part 3: Performing Your Internal Examination; Capturing Results

14 July 2022 at 02:00 p.m.

Companies across the ARM industry have been busy lately - adding new technology, changing workflows and processes, and hustling to comply with Regulation F. Big shifts like these inevitably create new blind spots and add potential risk. You know regulators and consumer attorneys are looking for those blind spots. You have to find them first.  In our last two webinars, we discussed how to get started, and how to gather the materials you need to conduct your assessment. In this webinar, we’ll help you dive in and discuss how to compare your policies and procedures to applicable laws, and how to capture your results for future use.

Event Details »