Essential headlines, new reports, and best practices from insideARM.com. Got this from a friend?
Subscribe to the ARM Insider
insideARM ARM Insider

CFPB Finalizes Regulation F Implementation Date: What Your Organization Needs To Consider in Order To Be “Reg F Ready”

On July 30, the Consumer Financial Protection Bureau (CFPB) announced that the final rules interpreting the Fair Debt Collections Practices Act (FDCPA) will go into effect on Nov. 30, as originally planned. The CFPB issued a proposal in April that, if finalized, would have extended the effective dates to Jan. 29, 2022. However, after considering the comments submitted, the CFPB has declined to extend the implementation date and their proposal has been officially withdrawn.

Read the Whole Story »


Member Questions: Debtor Record Retention

A member asks insideARM’s Research Assistant: 


Do you have anything like a chart of debtor record retention requirements by state?


See the answers to this, and other member questions -- plus get the chance to submit your own questions -- only at Research Assistant. Learn more.
ADVERTISEMENT
Advertisement

insideARM is grateful to our 2024 Strategic Supporters:

NCB Crown Asset Management Spring Oaks Capital

CFPB Reports Credit Applications Have Recovered to Pre-Pandemic Levels; Releases Tool to Help Renters And Landlords

On July 27, 2021, the Consumer Financial Protection Bureau (CFPB) provided insight into the economic recovery by issuing a press release regarding the state of credit applications. On July 28, 2021, to further the goal of helping consumers navigate the (hopefully) post-pandemic world, the CFPB issued a press release unveiling a tool to help renters and landlords access federal assistance.

Read the Whole Story »


SIMM Associates Inc. Celebrates 30 Years of Growth, Partners with Provana to Digitize Compliance Management

NEWARK, Del. -- SIMM Associates, Inc. (“SIMM”), a full-service ARM and BPO Customer Care call center that provides third party collections, first party (pre-default) collections, probate collection solutions and customer engagement/telesales, celebrated its 30th year of operation this month. Ranked as a top 100 agency in the US, SIMM continues to expand its services and digitize its operations to scale and serve more customers, ranging from the Fortune 500 to local credit issuers.

Read the Whole Story »


ADVERTISEMENT
Advertisement

Credit Control, LLC Announces Senior Vice President of Sales Paul Kaloustian

ST. LOUIS, Mo. -- Credit Control, LLC (“Credit Control”) is proud to announce that Paul Kaloustian has joined the company as Senior Vice President – Sales.  Paul joins an established team of Executives and will assist in managing existing client relationships, provide a consultative approach to business development, and focus on expanding our national presence as industry leaders in the Financial Services collections and recovery industry

Read the Whole Story »


BREAKING: CFPB Confirms Reg F Will Take Effect on November 30, 2021

On April 7, 2021, the CFPB issued a Noticed of proposed Rule Making (NPRM), which proposed delaying the effective date of the Debt Collection Rules (Reg F) for 60 days. The CFPB issued a press release today indicating the effective date will not be delayed; Reg F will go into effect on November 30, 2021, as planned.

Read the Whole Story »


The TransUnion Decision: A Blessing or a Curse for the ARM Industry?

Did You Forget Something?

Read the Whole Story »


ADVERTISEMENT
Advertisement

Women in Consumer Finance 2021

6 December 2021 at 02:45 p.m.

Sharpen your leadership skills, expand your professional network and help improve your workplace culture when you attend Women in Consumer Finance 2021 – a conference and networking experience for ALL women in consumer finance.

Event Details »