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Friday, January 06, 2017
This Weeks Articles:
FTC CHARGES D-LINK PUT CONSUMERS' PRIVACY AT RISK DUE TO THE INADEQUATE SECURITY OF ITS COMPUTER ROUTERS AND CAMERAS
The Federal Trade Commission filed a complaint against Taiwan-based computer networking equipment manufacturer D-Link Corporation and its U.S. subsidiary, alleging that inadequate security measures taken by the company left its wireless routers and Internet cameras vulnerable to hackers and put U.S. consumers' privacy at risk.
read more

COMPLIANCE AND SECURITY DRAW CONCERNS FOR BANKS
The Office of the Comptroller of the Currency (OCC) released its Semiannual Risk Perspective for Fall 2016, which analyzes pertinent data and industry trends using four key components: the operating environment, bank performance, trends in key risks, and regulatory actions.
read more

BABY BOOMERS AND STUDENT DEBT - THE PROBLEM NO ONE IS TALKING ABOUT
As the ranks of older Americans with student debt has grown so have the challenges these borrowers face in coping with the debt.
read more

U.S. REP. JEB HENSARLING NAMES NEW COMMITTEE MEMBERS 10 NEW REPUBLICAN MEMBERS ARE JOINING THE HOUSE FINANCIAL SERVICES COMMITTEE IN THE 115TH CONGRESS.
U.S. Rep. Jeb Hensarling (R-Texas) announced 10 new Republican members of Congress will serve on the House Financial Services Committee in the 115th Congress, pending their ratification by the House Republican Conference on Jan. 6, according to a news release from the committee.
read more

CFPB WARNS STUDENT LOAN SERVICING PROBLEMS CAN JEOPARDIZE LONG-TERM FINANCIAL SECURITY FOR OLDER BORROWERS
WASHINGTON, D.C. - Today the Consumer Financial Protection Bureau (CFPB) released a report that examines complaints from older student loan borrowers about servicing practices that can jeopardize their long-term financial security.
read more

OCC REPORT DISCUSSES RISKS FACING NATIONAL BANKS AND FEDERAL SAVINGS ASSOCIATIONS
WASHINGTON - The Office of the Comptroller of the Currency (OCC) reported strategic, credit, operational, and compliance risks remain top concerns in its Semiannual Risk Perspective for Fall 2016, released today.
read more

U.S. AUTO SALES REACHED RECORD IN 2016, AUTO MAKERS SAY
U.S. auto sales hit a fresh record in 2016, according to estimates released on Wednesday, even as the industry employs more incentives to get Americans to buy vehicles.
read more

DBA RECERTIFICATION: HOW TO PREPARE AND WHAT TO EXPECT
January 11, 2017-9 a.m. PT / 12:00 p.m. ET One (1) Education Credit Speakers: Mark Naiman, Absolute Resolutions Corp. John Bedard, Jr., Bedard Law Group
read more

FTC ECONOMIC ISSUE PAPER EXAMINES THE IMPACT OF DISCLOSING MANDATORY HOTEL RESORT FEES SEPARATELY FROM ROOM RATES
A new issue paper authored by an FTC staff economist concludes that consumers are likely being harmed by the hotel industry practice of disclosing mandatory resort fees separate from posted room rates, without first disclosing the total price.
read more

OCC REPORTS MORTGAGE PERFORMANCE IMPROVES IN FIRST QUARTER OF 201
WASHINGTON-Performance of first-lien mortgages improved during the first quarter of 2016 compared with a year earlier, according to the Office of the Comptroller of the Currency's (OCC) quarterly report on mortgages.
read more

FTC ANNOUNCES INTERNET OF THINGS CHALLENGE TO COMBAT SECURITY VULNERABILITIES IN HOME DEVICES
The Federal Trade Commission announced today that it is challenging the public to create an innovative tool that will help protect consumers from security vulnerabilities in the software of home devices connected to the Internet of Things. The agency is offering a cash prize of up to $25,000 for the best technical solution, with up to $3,000 available for up to three honorable mention winner(s).
read more

CFPB ORDERS TRANSUNION AND EQUIFAX TO PAY FOR DECEIVING CONSUMERS IN MARKETING CREDIT SCORES AND CREDIT PRODUCTS
WASHINGTON, D.C. - The Consumer Financial Protection Bureau (CFPB) today took action against Equifax, Inc., TransUnion, and their subsidiaries for deceiving consumers about the usefulness and actual cost of credit scores they sold to consumers. The companies also lured consumers into costly recurring payments for credit-related products with false promises. The CFPB ordered TransUnion and Equifax to truthfully represent the value of the credit scores they provide and the cost of obtaining those credit scores and other services. Between them, TransUnion and Equifax must pay a total of more than $17.6 million in restitution to consumers, and fines totaling $5.5 million to the CFPB.
read more

DebtConnection.com is a searchable database of collection products and services.
The following Updates and New Entries occured since the last At A Glance was sent:
Portfolios For Sale
$13,433,540.00     Payday Loans
National Debt Holdings, LLC
http://www.debtconnection.com/portfolio.asp?7704  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6735  

$246,190.00     Payday Loans
National Debt Holdings, LLC
http://www.debtconnection.com/portfolio.asp?7703  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6735  

$288,696.00     Payday Loans
National Debt Holdings, LLC
http://www.debtconnection.com/portfolio.asp?7702  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6735  

$540,269.00     Payday Loans
National Debt Holdings, LLC
http://www.debtconnection.com/portfolio.asp?7701  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6735  

$1,271,391.00     Consumer Loans
National Debt Holdings, LLC
http://www.debtconnection.com/portfolio.asp?7700  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6735  

$1,215,123.00     Payday Loans
National Debt Holdings, LLC
http://www.debtconnection.com/portfolio.asp?7699  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6735  

$474,523.00     Payday Loans
National Debt Holdings, LLC
http://www.debtconnection.com/portfolio.asp?7698  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6735  

$1,095,019.00     Payday Loans
National Debt Holdings, LLC
http://www.debtconnection.com/portfolio.asp?7697  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6735  

$920,290.00     Other
National Debt Holdings, LLC
http://www.debtconnection.com/portfolio.asp?7696  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?6735  

$1,000,000.00     Commercial
Premier Asset Management, LLC
http://www.debtconnection.com/portfolio.asp?7694  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?5453  

$1,731,895.00     Medical
Capital Asset Management Inc
http://www.debtconnection.com/portfolio.asp?7692  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?7689  

$2,293,769.00     Medical
Capital Asset Management Inc
http://www.debtconnection.com/portfolio.asp?7691  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?7689  

$729,000.00     Judgments
Premier Asset Management, LLC
http://www.debtconnection.com/portfolio.asp?7693  
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?5453  

Agency
NCB MANAGEMENT SERVICES, INC.
Ralph Liberio
215-360-5028
More Information

HAMILTON CAY INC.
631-236-6234

SPECTRUM RECOVERY SOLUTIONS, LLC
844-615-7282

Debt Buyers
NCB MANAGEMENT SERVICES, INC.
Ralph Liberio
267-332-0100
More Information

GDC SOLUTIONS LLC
844-952-7305

HAMILTON CAY INC.
631-236-6234

SPECTRUM RECOVERY SOLUTIONS, LLC
844-615-7282

Debt Sellers
AMERICAN FIRST FINANCE
678-296-0568

Industry Events

DBA Re-certification: How to Prepare and What to Expect
Webinar
January 11, 2017
More Information

PrivacyCon
Federal Trade Commission
CONSTITUTION CENTER
Washington, DC
January 12, 2017
More Information

DBA International 2017 Annual Conference
DBA International
Aria Resort & Casino
Las Vegas, NV
February 7 - 9, 2017
More Information

ACA of Texas 69th Annual Conference, Expo & Legislative Summit
ACA International
Crowne Plaza
Austin, TX
February 20, 2017
More Information

Third Party Vendor Auditing Workshop
Resource Management Services, Inc.
Courtyard Atlanta Downtown
Atlanta, GA
February 22 - 23, 2017
More Information

Third Party Vendor Auditing Workshop
Resource Management Services, Inc.
Four Seasons Hotel Las Vegas
Las Vegas, NV
May 8 - 9, 2017
More Information

Collection and Recovery Solutions 2017
Resource Management Services, Inc.
Four Seasons Hotel Las Vegas
Las Vegas, NV
May 10 - 12, 2017
More Information

Third Party Vendor Auditing Workshop
Resource Management Services, Inc.
Chicago Marriott Southwest
Chicago, IL
July 19 - 20, 2017
More Information

Debt Connection Symposium and Expo 2017
Resource Management Services, Inc.
JW Marriott Starr Pass
Tucson, AZ
September 11 - 13, 2017
More Information
















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