HOUSTON, TX. -- Universal Fidelity is excited to announce a significant milestone in their journey. They are proud to announce the 100% ownership of Universal Fidelity LP by CEO Jessica Hearn. Universal Fidelity started providing national collection services in 1991 and Jessica began her career in the account receivable industry in 1996 at the company. Jessica has brought a wealth of expertise, having successfully navigated the industry's complexities with a steadfast commitment to excellence.
Read the Whole Story »
By now, most of our readers have heard that on May 16, 2024, the U.S. Supreme Court (SCOTUS) ruled that the funding structure of the Consumer Financial Protection Bureau (CFPB) does not violate the Constitution. In a prepared statement released on May 17, 2024, Director Chopra laid out what he thinks the SCOTUS opinion means for the CFPB and its focus, but what does this really mean for your organization? Will it impact your day-to-day business? What should ARM industry participants look out for in the future? In addition to covering Director Chopra's plans, we’ll answer those and some other Frequently Asked Questions.
Read the Whole Story »
The ARM industry is never short on surprises. This past week was a perfect example of that and shows how difficult it can be to keep up with the big news and changes week in and week out. That’s why we at insideARM aim to bring you only the biggest stories that we feel you need to know about. Last week we brought you breaking news on the CFPB’s Late Fee Rule and an important Supreme Court ruling on the CFPB's funding structre, as well as advice on how to handle the aftermath of regulatory examinations, and a surprising development out California. Read on for a breakdown of last week's news and why we think you need to know about it!
Read the Whole Story »
