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ONE CONTACT FROM COLLECTION ATTORNEY ENOUGH TO MERIT JURISDICTION, DISTRICT COURT RULES
- A District Court judge in Massachusetts has denied a motion to dismiss a lawsuit against a debt collection attorney and a payday lender from Illinois because of jurisdictional issues. The defendants claim that the suit should be dismissed because none of the defendants are Massachusetts residents, but the court ruled that one contact between the debt collection attorney and the plaintiff was enough to confer personal jurisdiction.
CREDIT UNION GROUP WANTS EXEMPTION FROM CFPB DEBT COLLECTION RULES
- The National Association of Federal Credit Unions has submitted a letter to the CFPB, reiterating its request that its member-institutions be exempted from the agency’s proposed debt collection rules. Why should credit unions be exempt from any rules? Because they are the good guys, according to NAFCU. “Credit unions are not the nefarious actors that the CFPB should target with such a rulemaking,” the association’s regulatory counsel says in the letter.
AGs FILE LAWSUIT AGAINST ED. DEPT. FOR NOT PROCESSING FORGIVENESS APPLICATIONS
- The attorney generals of California, Massachusetts, New York, and Illinois have filed a lawsuit against the Department of Education and its head, Education Secretary Besty DeVos, for refusing to process the debt forgivingness claims of thousands of Californians who attended for-profit colleges.
LOW-INCOME FAMILIES BETTER OFF KEEPING CASH THAN USING IT TO PAY OFF DEBT: STUDY
- Households would be better off keeping $1,000 in the bank than using it to pay down $2,000 on a high-interest credit card, according to research from the Federal Reserve Bank of St. Louis. The cash can help in case of emergency, the researchers concluded, after analyzing 5,000 low-to-medium income households during two different periods over a six-month timespan.
DEMOCRATIC AGs SEND LETTER TO PRESIDENT TRUMP THREATENING ‘AGGRESSIVE’ ENFORCEMENT IF CFPB BACKS OFF
- A group of 16 attorneys general — all Democrats — have written a letter to President Trump, expressing their plans to “redouble” their efforts to enforce federal consumer protection laws if the Consumer Financial Protection Bureau does not “aggressively” pursue consumer abuse and financial misconduct.
WORTH NOTING: Marcus Mariota, the quarterback of the Tennessee Titans, apologized yesterday after his mom told him he was rude to reporters following a loss last Sunday … The Federal Communications Commission yesterday voted to repeal net neutrality rules … How the repeal will likely affect you … Donald Trump Jr. should have spent 10 seconds online researching before sending this tweet … Raising the minimum wage in California to $15 an hour would cost the state 400,000 jobs, according to a report … The secret psychology behind a successful sales pitch … Science discovers why some people are motivated and some aren’t … A nominee to be a District Court judge had some problems answering basic legal questions yesterday … Disney is taking on Netflix … UPS lost a $700,000 inheritance and offered $32 in its place … More than 40% of working women say they have been harassed at work … A fourth member of Congress has resigned over sexual harassment allegations.
Why you should stop using toothpicks
Fun facts about McDonald’s
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.
