The Daily Digest is sponsored by Beam Software. A Microsoft Gold Certified Partner, Beam is a thought leader in portfolio management and collection software. They offer both cloud-based and on-premise solutions to accommodate the entire collection continuum. For more information, please visit www.beamsoftware.com or call (800) 212-2326.
SIXTH CICRUIT RULES ‘BARE’ FDCPA VIOLATION NOT ENOUGH TO PASS SPOKEO TEST
- The Sixth Circuit Court of Appeals has reversed a lower court decision and dismissed a lawsuit against a law firm after plaintiffs alleged a violation of the Fair Debt Collection Practices Act because a letter acknowledging that that plaintiffs did not have to pay the remaining balance on their defaulted loan did not say that the communication was being sent on behalf of a debt collector.
CONSUMER CREDIT KEEPS GROWING, PERFORMANCE EXPECTED TO REMAIN STRONG: TRANSUNION
- Consumers appear to becoming more capable of handling their financial burdens, according to data released yesterday by TransUnion. The data shows that while the average debt per borrowers increased in four different types of credit category — auto loans, credit cards, personal loans, and mortgages — the serious delinquency rate declined in three of those groups during 2017.
ACLU DECRIES ‘UNHOLY’ PARTNERSHIP BETWEEN ARM INDUSTRY, COURT SYSTEM
- A report from the American Civil Liberties Union details the practice of arresting and imprisoning individuals with unpaid debts, some of them civil debts. There were more than 8,500 arrest warrants issued in just three states back in 2016, according to the report, which decried the partnership between the debt collection industry and the court system as “unholy.”
RECENTLY PUBLISHED PRESS RELEASES
- Directors Elected to Lead Receivables Management Association International in 2018
- The Interprose Corporation Announces Strategic Partnership With The Intelitech Group
- Receivables Management Association International Honors Outstanding Members
- LocateSmarter and TEC Services Group, Inc. Announce Strategic Partnership
WORTH NOTING: The only U.S. Olympic athlete who is also a mother just won a gold medal … The director of labor relations for the New York City Sanitation Department is making nearly $300,000 a year in his pension … Serena Williams nearly died giving birth … The biggest job search mistakes that people make … For all my fellow Slackers, here are 30 things you might not know that Slack could do … Nine reasons why nobody is opening your marketing emails … Where is the middle of nowhere? … How apps lure you in and get you addicted to them … President Trump has called for a ban on “bump stocks” … Here’s when the IRS says you can expect to receive your income tax refund … The top 10 lies in the president’s budget.
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The Daily Digest is sponsored by Beam Software. A Microsoft Gold Certified Partner, Beam is a thought leader in portfolio management and collection software. They offer both cloud-based and on-premise solutions to accommodate the entire collection continuum. For more information, please visit www.beamsoftware.com or call (800) 212-2326.
