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Credit Eco to Go: What is the Future of the Fintech/Regulator Partnership? [Podcast]

In the last decade, the CFPB has tried to tackle the question of innovation through partnerships and No-Action Letters. First, there was Project Catalyst which resulted in very few collaborations and a small amount of No-Action Letters.

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A Guide to Risk and Gap Assessments - Performing Your Internal Examination; Capturing Results

New Webinar - Tomorrow! Wednesday, July 14 at 2pm ET. Changes related to new technology, consumer expectations, and Reg F have added risk for companies across the ARM industry. To find that risk before regulators and consumer attorneys do, you need a Risk & Gap Assessment. In this new, how-to webinar on Risk and Gap Assessments from Research Assistant, you'll learn how to effectively evaluate your procedures, identify gaps, and capture your results for future use. Register here.
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insideARM is grateful to our 2024 Strategic Supporters:

NCB Crown Asset Management Spring Oaks Capital

Susan Richards and Yardley Klinger Strengthen Team at Spring Oaks Capital

CHESAPEAKE, Va. -- Spring Oaks Capital continues to expand its team of industry leaders. Susan Richards recently joined the group, as Director of Business Development, to strengthen our Portfolio Acquisitions team lead by Keith Walch, Chief Acquisitions Officer. Susan has significant industry experience, particularly in sales and operations previously serving as COO for a national debt buyer.

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NY DFS to Focus on Equitable Access to Banking, Innovation

The New York Division of Financial Services (NY DFS) plans to focus on equitable access to banking and on fostering innovation in consumer financial services. That's according to Adrienne A. Harris, the current superintendent of NY DFS, who spoke the recently at Fintech Nexus in New York City.

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LiveVox’s New Human Text Initiator (HTI) Maximizes Outbound SMS Engagement While Mitigating Compliance Risk

San Francisco, Calif.  – LiveVox, Inc. (“LiveVox”), a leading cloud-based provider of customer service and digital engagement tools, has announced a new feature, called Human Text Initiator (HTI), as part of their U17 platform update.  HTI takes all the familiar and reliable features that LiveVox brought to outbound dialing with its Human Call Initiator (HCI®) functionality and delivers those same benefits to their SMS and MMS channels, allowing organizations to send out text messages at scale while helping to keep those campaigns in compliance with TCPA regulations and the CFPB’s Reg. F.  The new HTI functionality offers compliance-focused organizations a significant competitive advantage in reaching as many contacts as possible while reducing the risk of potential fines and lawsuits.

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US Chamber of Commerce Launches Campaign to Rein in CFPB

On June 28, the U.S. Chamber of Commerce (Chamber) launched a focused campaign to highlight what it describes as unlawful regulatory overreach by the Consumer Financial Protection Bureau (CFPB or Bureau) and, specifically, new CFPB Director Rohit Chopra. “At every turn,” writes Chamber Executive Vice President and Chief Counsel Daryl Joseffer, the CFPB is pushing an activist agenda “without advance public participation or approval. That is not the system Congress designed, nor one which our laws will tolerate.”

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CARES Act Regulatory Exams – Are You Ready?

The Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) introduced several programs to support small business, amended provisions to the Fair Credit Reporting Act (FCRA) and established protections for consumers including homeowners and student loan borrowers. Since confirmation as CFPB Director, Rohit Chopra has led a resurgence in regulatory oversight.

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How to Automate Legal Processes to Shrink Regulatory Risk & Increase Recoveries

20 July 2022 at 02:00 p.m.

The legal process of collecting on charged off accounts is arduous, risky, and labor intensive for creditors and their legal recoveries networks. Key areas, such as demand letter and affidavit processing, scrubs, and skip-tracing,  can be automated to mitigate creditors’ risks, improve the ability to analyze inventory, and ensure the best employees are free to assist customers with resolving accounts more efficiently.

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