Second Circuit rules CFPB’s funding does not violate Appropriations Clause

A three-judge panel of the U.S. Court of Appeals for the Second Circuit has unanimously ruled that the CFPB’s funding structure does not violate the Appropriations Clause of the U.S. Constitution.  In its decision, the panel expressly declined to follow the Fifth Circuit panel decision in Community Financial Services Association of America Ltd. v. CFPB that reached the opposite conclusion.  Last month, the U.S. Supreme Court granted the CFPB’s certiorari petition seeking review of the Fifth Circuit decision and agreed to hear the case next Term.

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Washington State Collection Agency Board is Recruiting for Two Vacant Positions, a Licensee Member, and a Public Member.

OLYMPIA, Wash.-- The Washington State Collection Agency Board is seeking to fill vacant positions.

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Double Reporting Leads to Denial of Summary Judgment in Illinois FCRA Case

An Illinois federal district court recently denied a creditor-defendant’s motion for summary judgment in a Fair Credit Reporting Act (FCRA) case brought by a consumer who questioned why his debt was being reported twice — as both a tradeline with the original creditor and as a tradeline with a third-party collection agency. The court’s opinion in Kyle Fickel vs. Clearwater Credit Union et al. is a warning about the credit reporting issues that can arise when lenders refer or assign debts to collections.

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Superlative RM Earns CAM Agency of the Year Award for Third Consecutive Year

PHOENIX, Ariz. -- Superlative RM is proud to announce that they have been named Agency of the Year by Crown Asset Management for the third consecutive year. As a small business, the team has worked hard to build a top-tier technology-driven operation and to reach the highest standards of quality for the consumers they serve on behalf of major reputable clients such as Crown Asset Management (CAM).

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New York DFS Tables Latest Version of Its Proposed Debt Collection Rule

March 15 was the deadline for the New York State Department of Financial Services to publish its proposed amendments to its debt collection rule. It didn’t and so they have expired. While the latest version of the proposed amendments has expired, you can bet on DFS releasing an updated version in the coming months.

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Revolutionizing Collections: Embracing Conversational Voice AI and Its Impact on the Future (sponsored)

Incorporating a new AI-powered technology can cause apprehension, and understandably so. Unanswered questions about deployment challenges, efficacy, and compliance can be discouraging for collection agencies. But over the years, Voice AI has become easy to deploy, requiring no tech personnel from collection agencies, and can be deployed within a day or a week. With the economic downturn unfolding and intensifying industry consolidation, there is a need for urgent action; now is the time for collection agencies to embrace this cutting-edge technology.

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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!

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Featured Resources and Webinars

from insideARM.com

» Voice AI Is Becoming the ARM Industry Standard: Learn Why Collection Agencies Must Watch Out

» Case Central Dispute Management Demo

» Seven “MUST-HAVE” Collection Software Capabilities for 2023

» Charting the Course and Steering Toward Success: The Collections Industry in 2022

» How to Launch an Omnichannel Collection Strategy

» Breaking Down the CFPB's Opinion on Convenience Fees

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