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CFPB HEARING MAKES FOR GREAT THEATER, BUT DOES LITTLE ELSE
- It was the very definition of Good Cop, Bad Cop. Richard Cordray, the director of the Consumer Financial Protection Bureau, went before the House Financial Services Committee and faced Republicans who want him fired and Democrats who want him christened as a saint. Topics included whether Cordray pulled a Hillary Clinton, his indecisiveness on fulfilling his term, and allegations of insider trading based on a lawsuit the CFPB was planning to file.
VT. LEGISLATURE DEBATING BILL THAT WOULD INCREASE REQUIREMENTS WHEN SUING FOR UNPAID DEBTS
- The Vermont State Legislature is considering a billthat would, among other things, halve the statute of limitations to three years and prohibit the collection of time-barred debts. The bill would also impose a number of additional restrictions on collectors filing legal actions to collect on unpaid debts, and give individuals the opportunity to protect their funds from being seized via judgments, in certain circumstances.
WORTH NOTING: President Trump launched his first military action last night, attacking Syria … Twenty-eight things that make The Masters the “quirkiest” golf tournament … Amazon is hiring 30,000 part-time workers … The best way to talk to millennials … One in five women say they won’t date a man who makes less then they do … The Senate went “nuclear” and changed its filibuster rules to get a Supreme Court nominee elected … A year’s worth of chicken nuggets costs a lot, in re-tweets … What to watch for in this morning’s jobs report.
Remembering Don Rickles
Highlights of Republicans attacking the CFPB
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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.
