Lambda School, a coding bootcamp that takes a cut of your next tech salary, now takes a 30% cut in staff theregister.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theregister.com Daily Mail and Mail on Sunday newspapers.
The committee members will provide feedback on the state’s debt collection licensing program.
4/30/2021 1:00 PM
NewsStateAdvocacy
Several members of ACA International have been appointed to the California Department of Financial Protection and Innovation’s (DFPI) new debt collection advisory committee.
The seven-member committee will provide critical feedback to the DFPI as it creates its debt collection licensing program.
The diverse group includes a consumer advocate and representatives from the debt collection, debt buying, third-party collection, and collection law industries, according to a news release from the DFPI.
ACA members on the committee include Scott Hyman, attorney with Severson & Werson PC; Mark Naiman, president of Absolute Resolutions Corp.; Cindy Yaklin, president of States Recovery Systems Inc. and the California Association of Collectors Inc. (CAC); Tamar Yudenfreund, senior director, public policy at Encore Capital Group and chair of ACA’s federal
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On April 26, 2021, the California Department of Financial Protection and Innovation (DFPI) announced that it had entered into a settlement agreement with an online coding school, resolving allegations that the school engaged in deceptive acts and practices in violation of California’s new Consumer Financial Protection Law (CCFPL).
The school offers its students the option to finance their education through a contract in which the student promises to repay the school based on a percentage of the student’s future income. This contract has a provision that states, “this extension of credit is a qualified educational loan and is subject to the limitations on dischargeability in bankruptcy contained in Section 523(a)(8) of the United States Bankruptcy Code.” DFPI alleged that this language is deceptive in violation of the CCFPL because the contract is not a “qualified educational loan” and therefore is not su
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