The NPRM’s New Validation Notice: Breakdown of the Validation Period, Check Boxes, and Itemization of Debt

The Consumer Financial Protection Bureau’s (CFPB or Bureau) Notice of Proposed Rulemaking (NPRM) for debt collection was released yesterday and contained a lot of detail about validation notice requirements. Some requirements stayed the same, but the NPRM outlines several new requirements and clarifications.

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News and Opinion

from insideARM.com

» Recruiting and Retention During Low Unemployment Rates and the Untapped Potential of Military Spouses

» The NPRM’s New Validation Notice: Breakdown of the Validation Period, Check Boxes, and Itemization of Debt

» Provana Adds Industry Veteran Doffie Howard to Their Management Team

» ERC Celebrates Opening of Second Location in Dominican Republic

» CFPB Releases NPRM for Debt Collection; Includes Extensive Detail for Electronic Communication, 7 Call Attempt Limit, and New Requirements for Validation Notice

» Court Holds TCPA Plaintiff Plausibly Alleged That Defendant Exceeded the Scope of Consent

» Cornerstone Support launches ‘Collector Check’ in anticipation of Minnesota’s Collector Background Screening Requirements

Recruiting and Retention During Low Unemployment Rates and the Untapped Potential of Military Spouses

According to the Bureau of Labor Statistics, the current U.S. unemployment rate is 3.6%, the lowest it has been in at least a decade. This presents a unique issue for the debt collection industry, which historically has a hard time with recruiting and retaining employees. One untapped source of potential employees for the debt collection industry is military spouses.

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» IT Support Manager - Confidential - Minneapolis, MN

» RFP Writer - Transworld Systems - Lake Forest, IL

» VP of Client Success - Transworld Systems - Remote, NA

» Vice President of Collections Operations - Optio Solutions, LLC. - Fargo, ND

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Women in Consumer Finance Conference 2019

11 December 2019 at 06:00 p.m.

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

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Free Reports and Webinars

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» How to Optimize Your Dialing Operations While Combating Call Blocking

» Using Gamification to Improve Collection Center Performance

» 3 Roadblocks to Implementing a Digital Collections Strategy

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