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 DISMISSAL OF FDCPA SUIT OVER LOCATION OF VALIDATION NOTICE
- The Court of Appeals for the Seventh Circuit has upheld the dismissal of a lawsuit against a collection agency for allegedly violating the Fair Debt Collection Practices Act because it referenced the wrong page of a collection letter when referring the recipient to the required disclosures under the statute.
INDIVIDUALS USING TAX REFUNDS TO PAY FOR HEALTHCARE PROCEDURES: STUDY
- Every year, one-in-six families make an “extraordinary” healthcare payment of at least $2,000 in a single month, and most have not recovered financially a year later, according to the results of a new study. There’s also some bad news for collection agencies that are gearing up for tax season. Consumers increase their healthcare spending by 60% in the week after they receive their income tax refund every year, according to the report.
JUDGE CERTIFIES CLASS, GRANTS SUMMARY JUDGMENT IN FAVOR OF PLAINTIFF IN FDCPA CASE
- A federal judge in New Jersey has certified a class-action lawsuit against a collection agency and granted summary judgment in favor of the plaintiff after the agency was accused of violating the Fair Debt Collection Practices Act by asking recipients of a collection letter to contact it by phone regarding insurance coverage.
JEWELER GETS JAIL TIME FOR SCAMMING SERVICE MEMBERS
- The owner of a chain of jewelry stores was sentenced to 90 days in jail yesterday and ordered to make restitution to the victims of a scam perpetrated on active duty service members by creating a fake lawyer who threatened court martial as a means of getting people to pay their debts.
WORTH NOTING: A 7-year-old migrant girl died while in custody of the U.S. Border Patrol … Turnover in the Trump Administration is showing no signs of slowing down … Scientists think they have figured out what sank a warship off the coast of New York 100 years ago … Scut Farkus from “A Christmas Story” now runs a stock market for sports teams … The Education Department is canceling $150 million in student loan debts … The highest-paid models of 2018 … How “Baby, It’s Cold Outside” became a pariah … The safecracker of last resort … Maybe stay away from the food when you go to your next live sports event.
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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.
