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FTC OBTAINS $4 MILLION JUDGMENT IN FAKE PAYDAY LOAN DEBT BUYING SCHEME
- The Federal Trade Commission has obtained a $4 million judgment against a group of defendants who sold fake payday loan portfolios. One of the defendants was Joel Jerome Tucker, who is the brother of Scott Tucker, a former racecar driver who recently was found guilty of racketeering in a payday loan scandal. A federal court in Kansas granted a default judgment against the defendants based on a complaint that was filed by the FTC back in 2016.
APPEALS COURT NARROWS FDCPA’S DEFINITION OF DEBT COLLECTOR
- The Eleventh Circuit Court of Appeals has issued an unpublished opinion that further narrows the definition of debt collector under the Fair Debt Collection Practices Act as well as narrowing how that law is applied. The Appeals Court basically blamed the plaintiffs for not doing enough to prove that the defendant — Nationstar Mortgage — is a debt collector as defined under the FDCPA.
WORTH NOTING: President Trump’s net worth declined by $600 million last year … The widow of a slain service member and a member of Congress are claiming that the president told them that the woman’s husband “knew what he signed up for” … Chef Bobby Flay’s number one rule of restaurant etiquette … The 10 ZIP codes with the most valuable land … A study suggests that larger homes are not good for our mental health … The pronouns that could hurt your chances if you use them in a job interview … Life is too uncertain to wait around for the right time … Seven tips for dealing with a “psycho” boss … Ford’s new $75,000 truck is even nicer than expected.
The importance of learning from your mistakes
The Tom Brady diet and workout plan can change your life
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.
