The new rulings from CFPB will curtail some of the most widely used—and often abused—practices in collections. Keeping up with federal, state, local and, venue-specific laws, rules, and procedures is a huge cost and risk to manage, and implementing the
The Consumer Financial Protection Bureau released its final rule for the Fair Debt Collection Practices Act on October 30, 2020. The release of the rule promises to bring substantial changes in consumer debt collections practices. The rule becomes effective one
Today is an exciting day for Oliver. In an announcement this morning, Wells Fargo named Oliver one of the newest companies to join the Wells Fargo Startup Accelerator, which helps advance emerging technologies like ours that are working to create
The Collections Market is currently experiencing the first credit cycle in the CFPB era. In February 2020, according to the St. Louis Federal Reserve, consumers were expected to default on at least 2.3% of outstanding debt, costing creditors over $325B.