Significant change at the Consumer Financial Protection Bureau continues.
McKernan Nominated for Treasury Role
Jonathan McKernan, originally nominated by President Trump to lead the CFPB, has instead been tapped for a senior role at the U.S. Department of the Treasury, according to a Treasury statement released Friday. McKernan, who had been awaiting Senate confirmation to head the […]
On April 11, 2025, North Dakota Governor Kelly Armstrong signed into law House Bill 1127 which is nearly identical to the Gramm-Leach-Bliley Act Safeguards Rule, including the more recent amendments regarding data breach notifications. The law will go into effect August 1, 2025.
Applicability
The law applies to “financial corporations,” which are “all entities […]
TrueAccord leveraged Corporate Advisory Solutions’ deep expertise in the accounts receivable management industry to execute a strategic acquisition that expands its client base and adds Sentry’s first party and litigation collection services to its offerings.
PHILADELPHIA, PA (May 05, 2025) – Corporate Advisory Solutions (CAS) is pleased to announce the acquisition of Sentry Credit, Inc. (Sentry), […]
Ranked on Rochester Business Journal’s RBJ 75
Rochester, N.Y. – May 8, 2025 – Continental Service Group, LLC d/b/a ConServe, a top-performing provider of accounts receivable management services specializing in customized collections solutions, is proud to announce its inclusion on the Rochester Business Journal’s RBJ 75: The Region’s Top Employers list for 2025. This […]
May 7, 2025 – Lenexa, KS – Today TrueAccord Corp. (TrueAccord), a digital-first debt collection agency that is reinventing the collections experience with the use of machine learning technology to help customers resolve their debts, announced it has acquired Sentry Credit, Inc. (Sentry). Through this strategic acquisition, […]
TrueAccord is proud to announce that Katie Neill, its General Counsel & Chief Compliance Officer, has been appointed to the Debt Collection Advisory Committee of the California Department of Financial Protection and Innovation (DFPI) for the 2025-2027 term.
This board is comprised of seven members who provide feedback to the DFPI for its debt collection licensing […]
The Consumer Financial Protection Bureau (CFPB) has reversed its position on a high-profile regulation from the Biden administration, by formally joining the credit reporting industry in a legal request to strike down the Medical Debt Rule — a regulation that would have prohibited the inclusion of medical debt on consumer credit reports.
On Wednesday, April 30th […]
Arum Global, a leading provider of collections and recoveries transformation services, has joined the Receivables Management Association International (RMAI) as part of its strategic expansion in the United States.
This membership marks a further step in Arum Global’s international growth journey and supports its ongoing commitment to industry best practices in the receivables management sector. Since […]
Martin Sjolund appointed President and Chief Executive Officer, effective June 17, 2025. Vikram Atal to serve as senior advisor through December 31, 2025.
NORFOLK, Va., April 7, 2025 – PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today announced that its Board of Directors has appointed […]
April 1, 2025 (Sacramento, CA) – The RMAI Certification Council announces the adoption of version 13.0 of the Receivables Management Certification Program (RMCP) after a lengthy development and review process. As of today, all new and renewing applications will be held to the newly revised standards.
Several significant enhancements were added to the program in […]