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SQUARETWO AVOIDS CLASS-ACTION LAWSUIT
- SquareTwo Financial Services does not have to defend itself against a potential class-action lawsuit alleging illegal debt collection claims, a bankruptcy judge ruled yesterday. A plaintiff was seeking to lift a litigation shield provided to companies under bankruptcy protection.
MORE DETAILS ABOUT BILL AIMED AT AMENDING FDCPA
- The House Financial Services Committee held a hearing last week to discuss a number of bills, including one that would amend the Fair Debt Collection Practices Act to exclude certain lawyers and law firms from the statute’s definition of debt collector. Here is more information about the bill.
EQUIFAX BREACH MAY SAVE CFPB’S ARBITRATION RULE
- A massive data breach at Equifax may be the tool that removes all the nails from the coffin of the Consumer Financial Protection Bureau’s proposed arbitration rule. Equifax tried to include an arbitration clause in free monitoring services it is offering to those affected by the breach, a move that was widely panned. Equifax removed the arbitration clause and now it appears that Republicans that were widely in favor of repealing the rule are softening their positions.
WORTH NOTING: A glow-in-the-dark jacket that is charged by sunlight … The iPhone X is coming today. Here is what to expect … The 100 fastest-growing companies, according to Fortune magazine … The untold story behind amicus briefs: The authors aren’t always who they appear to be … A man was arrested after being the first person to swim across Hoover Dam … Federal offices across the country are still waiting for pictures of the president and vice president to hang … Nearly two-thirds of Florida is still without power … Americans have spent more than $100 billion in the past year on sports … Economists say there is an upside to hurricane price gouging … Headline of the day: Judge rules monkeys don’t own the copyright for the selfies they take … It’s that time of year: Pumpkin spice is back.
There is something tremendously satisfying watching dominos
A self-made millionaire on the value of an MBA
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.
