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.
APPEALS COURT UPHOLDS SUMMARY JUDGMENT IN FDCPA CASE
- The Court of Appeals for the Seventh Circuit has upheld a lower court’s decision that a company contracted by a mortgage servicer to conduct field investigations to determine whether individuals are still living in a property do not meet the definition of debt collectors under the Fair Debt Collection Practices Act.
SENATE COMMITTEE SCHEDULES HEARING TO DISCUSS ROBOCALLS
- The Senate Committee on Commerce, Science, and Transportation has scheduled a hearing for this Thursday at 10a.m., entitled “Oversight of the Federal Communications Commission.” Committee chairman Sen. John Thune [R-S.D.] has invited the four commissioners of the FCC to testify before the committee. Among the topics to be discussed are robocalls, according to a release announcing the hearing.
REPORT TIES OTHER DEBTS TO LIKELIHOOD OF DEFAULTING ON STUDENT LOANS
- Is it possible to predict which individuals with student loans will be the ones who end up defaulting? A research report, which includes an analysis of thousands of student loans, draws some conclusions, including those who already have a debt in collections on their credit report — specifically utility debt or medical debt — are far more likely to default than those without those blemishes on their credit reports.
BCFP TO STOP EXAMINATIONS RELATED TO MILITARY LENDING
- The Bureau of Consumer Financial Protection has announced it will no longer proactively examine the institutions it regulates for violations of Military Lending Act, instead deciding the law requires it to react to complaints filed by servicemembers.
WORTH NOTING: A school district in Colorado is going to a four-day school week in order to help cut costs … At least he’s got a sense of humor about it … How to be a great hotel guest … Bosses get in the way of employees, even when they are trying to help, according to new research … It’s not that fax machines are vulnerable to hacking, but who still has a fan machine? … More than one-third of workers do not think they are “financially well” … The world’s most livable city is in Austria … How to stop Google from tracking your location … A freeway bridge collapsed in Italy this morning.
How pickpockets work their magic
Get a hobby, they said
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.
