Items Tagged with 'Transworld Systems'

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  • Altisource selling financial services business to Transworld Systems

    Will receive $44 million for the sale
    Altisource Portfolio Solutions announced last week that it is selling its financial services business to Transworld Systems, a provider of accounts receivable management, healthcare revenue cycle and loan servicing solutions. Altisource's financial services business includes Nationwide Credit, a provider of collections, customer relationship management and call center outsourcing for the financial, retail credit, mortgage servicing, insurance, utility, and hospitality industries.
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  • CFPB forces companies to pay $21.6 million for illegal student loan debt collection

    Requires audit of 800,000 student loan portfolios
    Studies show student debt continues to be a major hindrance to homeownership in the U.S., however the latest action from the Consumer Financial Protection Bureau shows that debt may not even always be real. The CFPB announced Monday it forced a student loan trust and its debt collector to pay a total of $21.6 million for illegal student loan debt collection practices.
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