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DISTRICT COURT: COLLECTORS CAN ATTEMPT TO COLLECT FEES WITH PRINCIPAL BALANCE
- The District Court for the Eastern District of New York has ruled that debt collectors are not violating the Fair Debt Collection Practices Act when they attempt to obtain payment of collection fees at the same time as the unpaid balance and can request “prompt” contact in a validation notice, provided the 30-day dispute language is also included in the notice.
CFPB ISSUES REGULATORY UPDATE OVER SERVICE PROVIDER RISK MANAGEMENT
- The Consumer Financial Protection Bureau has issued a regulatory update, clarifying that companies regulated by the agency have some flexibility when it comes to oversight of their service providers. The new language indicates that the CFPB expects the risk management oversight performed by companies on their service providers be reflective of the “size, scope, complexity, importance and potential for consumer harm” being performed by the service provider.
USING ORAL ARGUMENTS IN ACA LAWSUIT TO GUESS HOW APPEALS COURT WILL RULE
- A fairly comprehensive overview of the oral arguments in the lawsuit filed by ACA International against the Federal Communications Commission, and, judging by the questions asked by the three-judge panel, what the likely ruling will be coming from the lawsuit.
DEFENSE DEPT. REVERSES COURSE AND DECIDES NOT TO SEND MISTAKEN BONUS PAYMENTS OUT FOR COLLECTION
- The Department of Defense, responding to a public backlash, has decided to return the bonuses that were mistakenly paid to veterans re-enlisting for the wars in Iraq and Afghanistan. The DoD had indicated it was considering sending those accounts to collections to recover the bonuses that were paid out by mistake.
WORTH NOTING: A look inside the offices of some of the most powerful people in Washington, D.C. … Used cars are not subject to the same safety recall information as new cars and can have deadly consequences … Direct mail can have success rates that are two-to-three times higher than email marketing campaigns … Why jobs are moving to smaller cities … 10 bad habits that you must eliminate from your daily routine. I do at least three of them 🙁 … How much $100 is worth in every state. I’m moving to Mississippi … New York’s Museum of Modern Art has acquired the first-ever 176 emojis that were made for cell phones back in 1999 … Twitter is cutting nearly 10% of its workforce amid sluggish growth … The best-selling guns in America … Inside the Trump bunker in the last 12 days of the election … It will take 170 more years to close the pay equity gap between men and women.
A look at the electoral map heading into the election
Hockey goalie loses two teeth after taking shot to the head
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The Daily Digest is sponsored by TCN, a leading provider of cloud-based call center technology for enterprises, contact centers, BPOs, and collection agencies worldwide.
