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Home Daily Digest

Daily Digest – April 28. A Congressional Committee Hearing Through The Eyes of an 8-Year-Old; CFPB Sues Online Lenders For Illegal Collections

mikegibb by mikegibb
April 28, 2017
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The Daily Digest is sponsored by T-Max Dialer & Communications, the leader in hosted inbound and outbound dialer technology.

A CONGRESSIONAL COMMITTEE HEARING THROUGH THE EYES OF AN 8-YEAR-OLD

  • For those of you who didn’t know it, yesterday was “Take Your Child To Work” day and I was fortunate to have my three kids join me. I asked my 8-year-old son, Evan, to watch Wednesday’s House Financial Services Committee hearing on the Financial Choice Act and write what he heard and saw. While the hearing didn’t make him decide to run out and become a Congressman, I think it was an eye-opening insight into the sausage-making process that is politics and I was really proud of him for trying something 100% out of his comfort zone.

OREGON LOOKING AT UNPAID DEBTS TO HELP COVER BUDGET SHORTFALL

  • Oregon Gov. Kate Brown is looking for ways to cover a massive budget shortfall for next year and unpaid debts are near the top of the list. Individuals and companies owe more than $600 million in unpaid taxes and the governor wants that money back. She is considering, among other options, developing a website that will identify borrowers and “stimulate” payment. Look out for some public shaming coming to The Beaver State.

CFPB SUES FOUR ONLINE LENDERS FOR ALLEGED ILLEGAL COLLECTION TACTICS

  • The Consumer Financial Protection Bureau filed suit yesterday against four online tribal lenders for allegedly withdrawing money from the bank accounts of individuals to pay for loans that were not valid because they violated state laws. The four lenders — Golden Valley Lending, Silver Cloud Financial, Mountain Summit Financial and Majestic Lake Financial — are owned by the Habematolel Pomo Tribe. The tribes said they will fight the suit and claimed the CFPB was ignoring tribal laws and when they tried to show the agency their business model, the CFPB responded with a “surprise” lawsuit.

WORTH NOTING: Habits you can learn from endurance athletes … The one habit of Steve Jobs that boosted his creativity, productivity, and happiness … Would you swipe left or right? The world’s last male white rhino has joined Tinder … Grounding your kids from social media can actually hurt your kids … The average student loan debt in every state … How the pick for every team during the first round of the NFL draft compared to the expert’s predictions … Higher chicken wing costs is one reason why Buffalo Wild Wings is laying off staff … The things people lie about most on their car insurance … America is as divided as ever.

What a hiring manager looks for on a resume

Linking to this because it’s cool and because these kids play soccer in my town

If you have a tip or item you would like to share, or are interested in sponsoring the Daily Digest, please contact me at mike@canvasbusinessmedia.com.

The Daily Digest is sponsored by T-Max Dialer & Communications, the leader in hosted inbound and outbound dialer technology.

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