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BILL AIMED AT UNDOING OPERATION CHOKE POINT PASSES HOUSE OF REPRESENTATIVES
- A bill introduced in response to Operation Choke Point has passed the House of Representatives and now moves to the Senate for consideration. H.R. 2706, the Financial Institution Customer Protection Act of 2017 was introduced in May by Rep. Blaine Luetkemeyer [R-Mo.]. It passed in the House by a vote of 395-2.
AVERAGE AMERICAN CARRYING $15K IN CREDIT CARD DEBT: NERDWALLET
- The average American has more than $15,000 in credit card debt, according to data released yesterday by NerdWallet. Including mortgages, the average household has more than $131,000 of debt. Less than 20% of those surveyed said they pay their credit card balances in full every month.
FTC, FCC SIGN PARTNERSHIP TO COLLABORATE ON ONLINE CONSUMER PROTECTION
- The Federal Trade Commission and the Federal Communications Commission have sorted out who will investigate and enforce what after the FCC moves forward with repealing net neutrality rules later this week. The two agencies released a Memorandum of Understanding that details the ways that each agency will protect consumers from unscrupulous internet service providers.
FEWER CONSUMERS EXPECTING DEBT PROBLEMS IN THE FUTURE: FED SURVEY
- The number of Americans who are worried about being able to make their debt payments a year from now continues to decline, according to data released today by the Federal Reserve Bank of New York. Just over 12% of people expect to have problems making their debt payments a year from now, compared with 12.8% in October and 14.92% a year ago.
ILLINOIS COUNTY HIRES COLLECTION AGENCY
- Carroll County, Ill., is turning to a collection agency to help it recover unpaid fines, judgments, and traffic tickets. Credit Collection Partners, who is working with many circuit clerks in Illinois, has been approved to handle accounts from Carroll County, according to a published report.
MANY AMERICANS LOSING SLEEP OVER FINANCIAL SITUATION AS STRESS LEVELS KEEP RISING
- A survey of consumers by Prudential Financial shows that a fair number of them are losing sleep over their financial situation. Next to losing a loved one, being able to pay the bills is the biggest concern keeping Americans up at night, according to the survey.
WORTH NOTING: Details about the attempted suicide bombing inside the nation’s busiest bus terminal in New York City … It’s decision day in Alabama today … A proposed merger of two hospitals would create the largest hospital operator in the U.S. … How to make a great first impression … Here are 13 things you need to know about Bitcoin … Netflix is watching you very closely … Nearly 75% of parents are helping support their adult children … Three former NFL players have been suspended by the NFL Network over sexual harassment claims … Gadgets to help keep your workspace more comfortable and organized … Apple is spending $400 million to buy Shazam … How to use the holiday party to get ahead at work … Over-the-top-gifts for the millionaire who has everything … Nominees for the Golden Globes.
Where to get free food on your birthday
How to use a tape measure
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.
