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March

24
2023
Industry News

CFPB has allocated $11 million for consumers harmed by illegal student loan debt relief operation

If you were one of the 2,600 people charged illegal upfront fees for student-loan debt-relief services provided by Amanda Johnson, David Mize, Jacob Slaughter, or Daniel Ruggiero, working with GST Factoring, you may receive a check in the mail.

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March

24
2023
Trends

U.S. Banks are sitting on $1.7 trillion in unrealized losses, research says. That’s not a problem—until it is

After the rapid collapse of Silicon Valley Bank and Signature Bank earlier this month, along with Credit Suisse’s untimely demise last week, regulators and business leaders have made it a point to publicly assure consumers that banks are safe.

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March

24
2023
Industry News

Portfolio Recovery Associates LLC Settles CFPB Matter

NORFOLK, Va., March 23, 2023 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and servicing nonperforming loans, announced today that its subsidiary, Portfolio Recovery Associates, LLC (PRA), has reached an agreement with the U.S. Consumer Financial Protection Bureau (CFPB).

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March

23
2023
Industry News

Federal Trade Commission Proposes Rule Provision Making it Easier for Consumers to “Click to Cancel” Recurring Subscriptions and Memberships

The Federal Trade Commission today proposed a “click to cancel” provision requiring sellers to make it as easy for consumers to cancel their enrollment as it was to sign up. That is just one of several significant updates the Commission is proposing to its rules regarding subscriptions and recurring payments.

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March

23
2023
Industry News

Executive Summit 2023

RMAI’s Executive Summit delivers a perfect blend of networking and education, in a beautiful new location every year.

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