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.
CFPB STILL TARGETING FEBRUARY FOR DEBT COLLECTION RULE RELEASE
- The Consumer Financial Protection Bureau is still targeting next February for releasing its proposed debt collection rule, according to data posted last week by the White House’s Office of Management & Budget’s Office of Information and Regulatory Affairs. All federal agencies updated their rulemaking projections last week, which were published by the OIR.
LAWYER, LAW STUDENTS WORKING ON TECH SOLUTION TO HELP INDIVIDUALS DEFEND AGAINST COLLECTION LAWSUITS
- A lawyer and nine law students from Brigham Young University in Utah are attempting to help individuals defend themselves against lawsuits filed by debt collection agencies. The team have been interviewing individuals who have been sued by debt collectors and are trying to use technology to build a platform to help those people respond to lawsuits filed against them. .
COLLECTION AGENCY CAUGHT IN CONTROVERSY OVER UNPAID COURT COSTS, COMMISSIONS PAID TO PRIVATE ASSOCIATION
- A collection agency, Aberdeen Enterprizes II, which was reportedly started by a disbarred attorney who was just released from prison, is at the center of a controversy that has helped a private association of law enforcement officials in Oklahoma reap nearly $4 million in commissions from collected debts. A published report is bringing to light the controversy surrounding the Oklahoma Sheriff’s Association, which is being sued for allegedly profiting off “impoverished” individuals.
HOW NET NEUTRALITY REPEAL MAY AFFECT CONSUMER PAYMENTS, GROWTH OF FINTECH
- Could the repeal of net neutrality rules by the Federal Communications Commission stifle the growth of technology and payments in the financial services industry? One law firm posits that the potential is definitely there for the financial services industry to face a host of new problems now that internet service providers are no longer required to treat all internet traffic the same.
DEBT REDUCTION MOST COMPLAINED ABOUT TOPIC TO FTC’S DO NOT CALL REGISTRY
- The overwhelming number of complaints made about calls that allegedly violated the Federal Trade Commission’s Do Not Call rules were related to reducing debt during the 2017 fiscal year, which ended Sept. 30, 2017. More than 860,000 complaints related to debt reduction were made to the FTC by consumers during the 2017 fiscal year, with 771,000 of those calls being made by robocalls.
WORTH NOTING: An Amtrak train was going nearly three times as fast as the speed limit when it derailed near Seattle yesterday … Retailers cut 130,000 jobs belonging to woman during the past year, while adding 100,000 jobs belonging to men … The best new apps of 2017 … Nine ways that bad managers drive away employees … Eight daily ritual that “dramatically” improve your chances of becoming rich … Ten memorable leadership stories from 2017 … Sixteen cities where it’s more affordable to rent than own … In honor of the Los Angeles Lakers retiring Kobe Bryant’s numbers, here are 24 stories of his “insane” work ethic … Weak sales may force the closure of 100 Toys ‘R’ Us stores … Here are 55 stocks whose prices have doubled during President Trump’s first year in office … How used cars helped an ex-con become a billionaire.
The common personality traits of self-made millionaires
What you should ask yourself before getting married
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.
