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.
WEBINAR SPEAKERS SHARE DETAILS ABOUT HOW CREDIT REPORTING HELPS COLLECTION RATES
- While credit reporting may be a sizable headache for collection agencies, especially in light of the growing number of disputes being filed by individuals and their representatives, more and more clients are requiring agencies have the ability to report unpaid debts to the credit bureaus in order to be eligible to have accounts placed with them.
JUDGE DENIES MOTION TO DISMISS FDCPA CLASS ACTION OVER FEES, LETTER
- A federal judge in Illinois has denied a request from a collection agency to dismiss a class-action lawsuit filed against it because it allegedly violated the Fair Debt Collection Practices Act by failing to itemize all of the “obscure elements” of the plaintiff’s debt in an initial collection letter, even though the total amount owed was accurate.
ILLINOIS ENACTS NEW FILING REQUIREMENTS FOR CREDIT CARD SUITS
- The Illinois Supreme Court has adopted new pleading requirements for credit card debt collection cases, requiring those filing suits against individuals to include more information at the outset of a case. The new requirements were enacted in June and are scheduled to go into effect on Oct. 1.
BCFP ANNOUNCES SETTLEMENT WITH PAYDAY LENDING SCAMMERS
- The Bureau of Consumer Financial Protection on Friday announced a settlement with a number of defendants, namely Richard Moseley, Sr., Richard Moseley, Jr., along with a number of entities controlled by the two, related to a payday lending scheme.
WORTH NOTING: A killer whale carried her deceased baby around for 17 days … In terms of final resting places, this is not where I would want to end up … How to brag without making people hate you … More details about the man who stole a passenger plane in Seattle on Friday … My middle child won’t like reading this … The ideal number of times to post to Facebook every day, based on an analysis of 43 million Facebook business pages … Which states are falling apart the worst … Would you tape yourself being fired? Omarosa did … The digital equivalent of “if a tree falls in the forest and nobody is around to hear it, does it make a sound?”
How to become more well connected
How Publishers Clearinghouse makes $1 billion a year
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.
