The Wait is Over: New York Department of Financial Services Releases Debt Collection Rule Amendments

On December 28, 2022, the New York Department of Financial Services released its debt collection rule amendments to 23 NYCRR 1, the regulation titled “Debt Collection by Third-Party Debt Collectors and Debt Buyers.” The initial proposed amendments were opened to public comment in late 2021. The rule amendments are scheduled to take effect in late June 2023. The amendments represent an attempt to align the Department of Financial Services’ regulations with those requirements enacted by the Consumer Financial Protection Bureau in Regulation F, which became effective on November 30, 2021.

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Highlights of 2022 M&A Activity in ARM Sector

ROCKVILLE, Md. -- Greenberg Advisors (GA), a leading investment bank specializing in M&A advisory in the Accounts Receivable Management (ARM), Revenue Cycle Management (RCM), Healthcare Information Technology (HCIT), and Business Process Outsourcing (BPO) sectors, announces a preview of its analysis regarding the 2022 M&A activity in the ARM sector, as well as two ARM industry transactions in which it advised.

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Honoring Service Members During the Winter with Spire Recovery Solutions

LOCKPORT, N.Y. -- Spire Recovery Solutions is urging everyone to pause this winter to remember all active duty and veteran military service members and their families. From the felt absences of family members and traditions to social/emotional/financial stressors, the holiday season and winter days that follow are particularly challenging times of year for many military and veteran families. Often, it’s not the most wonderful but the most difficult time. As veterans themselves, this is always a cause close to the hearts of Spire executives Joseph and Jacob Torriere.

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CA DFPI Issues Fines, But are Recipients Even Debt Collectors?

On January 30, 2023, the California Department of Financial Protection and Innovation (DFPI) announced it issued enforcement actions and levied fines against five separate entities. Though the DFPI referred to each of these entities as "debt collectors," it is unclear whether these businesses are actual debt collectors or fraudsters posing as debt collectors.

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NCB Management Services, Inc. Hires Leonard Yampolsky as Chief Information Officer

TREVOSE, Pa. -- NCB recently announced that Leonard Yampolsky has joined its executive leadership team as the Company's Chief Information Officer.  Leonard is a technology management, software development and product engineering executive with more than 25+ years’ experience. He has been instrumental in building product development capabilities, directing technology implementations, developing business-automation strategies, and cultivating high-functioning teams.

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Credit Control, LLC - First Place Ranking in Large Company Category Best Places to Work in Collections

ST. LOUIS, Mo. -- Credit Control, LLC (“Credit Control”) is proud to announce for the third year in a row, our employees have ranked us as winners in the Best Places to Work in Collections program. This is the company’s third time participating in the program with back-to-back #1 overall rankings in the large company category.

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Women in Consumer Finance 2023

11 December 2023 at 08:00 a.m.

Become a part of the industry's most dynamic and influential annual meet-up, where attendees build real friendships and re-energize careers, when you attend Women in Consumer Finance 2023, December 11-13, 2022 in Palm Springs, CA. 

Registration is now open!

Event Details »

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