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PNC, KeyCorp upgrade collections tech as CFPB deadline nears

The regional banks are moving past old-school collection calls, instead using emails, texts and on-screen messages to urge delinquent customers to repay debt. Modern communications are said to be more efficient and in keeping with Consumer Financial Protection Bureau debt-collection rules set to take effect Nov. 30.
United States Matt Higginson Amy Brady Dave Desantis Jeff Naimon Jennifer Masterson

PNC, KeyCorp upgrade collections tech as CFPB deadline nears

The regional banks are moving past old-school collection calls, instead using emails, texts and on-screen messages to urge delinquent customers to repay debt. Modern communications are said to be more efficient and in keeping with Consumer Financial Protection Bureau debt-collection rules set to take effect Nov. 30.
United States Matt Higginson Amy Brady Dave Desantis Jeff Naimon Jennifer Masterson

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Looming tenant crisis another test of CFPB's authority | National Mortgage News

As the expiration of a national eviction moratorium puts economic pressure on low-income households, the Consumer Financial Protection Bureau is said to be considering investigating credit bureaus, debt collectors and large landlords accused of harming renters. But some argue the agency would be overreaching.
Rohit Chopra Eric Sirota Rick Sharga Chi Wu Jeff Naimon Linam Khan

Startup Bizzy Labs Forms Advisory Council to Guide Development of Regtech that Mitigates Noncompliance Risk

Startup Bizzy Labs Forms Advisory Council to Guide Development of Regtech that Mitigates Noncompliance Risk Share Article Industry Luminaries Will Advise on Regulatory Trends and Best Practices The financial and reputational cost of noncompliance is increasing, particularly given the impact of COVID 19 and what we expect will be heightened regulatory oversight as COVID forbearance programs are lifted. IRVING, Texas (PRWEB) March 05...
United States Jim Shankle Sagent Matt Tully Mike Sullivan Gagan Sharma Erum Nayani
Source: prweb.com

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