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Why it matters: For professionals in debt collection agencies, debtbuying companies, fintechs, banks, credit unions, and consumer finance firms, these findings underscore a growing vulnerability among older borrowers.
January 23, 2020 (Sacramento, CA) – Katabat, a leading cloud-based debt-collection software provider, will serve as a Gold Sponsor of this year’s RMAI Annual Conference. It will give everyone a chance to mingle and form connections early in the conference, while also recharging from the first day of education.
Suppose you are under constant pressure from these agencies and their legal representatives to settle your debt. In this case, you should uphold your consumer rights to ensure ethical practices during the debt collection process. You must inform consumers about the debt specifics. Debtbuying is a common practice in New York.
Federal Activities: On October 15, the Department of Education announced the establishment of an Office of Enforcement within Federal Student Aid, reporting directly to the chief operating officer. On October 26, the Nevada’s Financial Institutions Division is holding a workshop on regulations pertaining to medical debt collections and S.B.
Department of Education announced the establishment of an Office of Enforcement within Federal Student Aid (FSA). Department of Education announced a temporary period during which borrowers may receive credit for payments that previously did not qualify for public service loan forgiveness (PSLF) or temporary expanded PSLF (TEPSLF).
The seven-member committee will provide critical feedback to the DFPI as it creates its debt collection licensing program. The diverse group includes a consumer advocate and representatives from the debt collection, debtbuying, third-party collection, and collection law industries, according to a news release from the DFPI.
million to consumers harmed by Arete Financial Group, a student loan debt relief operation that tricked consumers into making illegal upfront payments by pretending to be affiliated with the U.S. Department of Education and falsely promising student loan debt relief. For more information, click here.
She has chaired the Education Committee; the Legislative Fund Committee; the Editorial & Social Media Committee; the Federal Legislative Committee; and was instrumental in forming the DEI Task Force (now the DEIB Committee). Presidents Award RMAI awarded the Presidents Award to Kelly Knepper-Stephens, Chief Legal Officer for TrueAccord.
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