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.
FIRMS REACH $4 MILLION SETTLEMENT IN CLASS-ACTION FDCPA SUIT
- A number of ARM industry companies have reached a $3.9 million settlement in a class-action case filed against them after they were accused of improperly obtaining default judgments on unpaid wireless phone debts. A final approval and fairness hearing for the settlement has been set for April 10.
LAW FIRM, STUDENT LENDER HIT WITH FDCPA SUIT OVER LETTER
- A collection law firm and a student loan company have had a class-action lawsuit filed against them, with the plaintiff accusing the defendants of raising the “specter of potential legal action,” because a collection letter was signed by an attorney. Having a letter signed by an attorney was enough to indicate that the defendants were “proceeding more aggressively” in attempting to collect on the debt.
BOND COMPANY FOUNDER PENS OP-ED ABOUT BENEFITS OF NEW LICENSING REQUIREMENTS IN MAINE, WHICH WILL LEAD TO MORE BONDS
- The head of a company that sells surety bonds has come out and published an opinion piece in a Maine newspaper, touting the additional layers of consumer protections that are being put in place as a result of changes made to that state’s Fair Debt Collection Practices Act.
WORTH NOTING: Severely limiting your how many calories you eat may prolong your life (but what kind of life would it be?) … What an ending to the women’s college basketball final last night … How to create the perfect resume … The price tag on the upcoming Royal Wedding? $45 million … How brands choose the fonts for their logos … How to do more with fewer meetings … Restaurant franchises that cost at least $1 million … The Airbnb for cars is here … Why we give our friends better advice than we give ourselves … One woman isn’t happy at how much air is inside a Junior Mints box … The Museum of Selfies is now open in Los Angeles … How student loans make home ownership a pipe dream.
I’m enjoying this run for as long as I can
This is huge
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.
