RICHMOND, Va. -- Spring Oaks Capital, LLC has hired David Der as Head of Engineering. He will report to Chief Technology Officer Paul Hurlocker.
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SACRAMENTO,
Calif. -- The Department of Financial Protection and Innovation (DFPI) has
announced that all debt collectors operating in California can now apply to be
licensed by the Department, representing the first step in increased state
oversight that will include an assessment of applications, formal examinations,
and protections for California consumers. Debt collectors, debt buyers, and
debt collection attorneys operating in the state may now submit their license applications online at
the Nationwide Multistate Licensing System (NMLS).
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In case you missed it, on August 17, 2021, the CFPB issued a
press
release in which it announced it filed a proposed settlement agreement to
resolve a lawsuit against Fair Collections and Outsourcing (FCO). The
settlement would require FCO to pay $850,000 and overhaul its policies and procedures.
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