The Daily Digest is sponsored by Microbilt. Designed to help debt collection professionals, MicroBilt’s platform of recovery and skip tracing tools provide quick, convenient, and current data that help you prioritize and successfully track people down and collect. Keep your skip tracing and debt recovery efficient and effective! Contact us to find out about our 90 Day Try Us Program. Call 800-884-4397 or visit www.microbilt.com.
SHUTDOWN MAY BE OVER – FOR NOW – BUT GETTING BACK TO NORMAL AT IRS COULD TAKE 18 MONTHS
- Even though the shutdown of the federal government is over, the impact and consequences of the 35-day impasse will not go away so quickly, as the fallout at one federal agency very important to the credit and collection industry is revealing.
NEW DISCLOSURE LAWS PROPOSED IN NEW YORK, ILLINOIS
- Eric Rosenkoetter from Maurice Wutscher has been doing yeoman’s work this month in keeping track of proposed state laws that the credit and collection industry need to be aware of. Following up on his notice about a proposed law in New York that clarifies how collectors and creditors can attempt to collect debts from deceased individuals, is an update about another bill in New York and one from Illinois, both of which would require collectors to send specific notices to individuals.
CFPB FINES ONLINE LENDER $3.2 MILLION FOR ILLEGALLY DEBITING ACCOUNTS
- Enova International, an online payday lender, has been fined $3.2 million by the Consumer Financial Protection Bureau for allegedly withdrawing payments from individuals’ bank accounts without the proper permission and failing to honor loan extensions it had granted to customers.
FCRA CLASS OF 5 MILLION WALMART WORKERS CERTIFIED OVER IMPROPER BACKGROUND CHECK DISCLOSURES
- Employers who conduct background checks on prospective employees would be wise to keep an eye on a lawsuit in California which was just granted class certification after an employee at Walmart alleged the retail giant violated the Fair Credit Reporting Act by not providing a “clear and conspicuous” disclosure when obtaining reports for employment purposes as required under the law.
CFPB ANNOUNCES NEW HIRES, PROMOTIONS
- The Consumer Financial Protection Bureau on Friday announced two promotions and three new hires, mostly in the communications and external affairs departments.
WORTH NOTING: The cost to mail letters just got a lot more expensive … Was the Saints-Rams game fixed by referees who live in Southern California? … Isn’t it too soon to be threatening another government shutdown? … An Appeals Court decision has ruled that age discrimination in hiring is legal … Where to keep the money in your emergency fund … Where his caddie was standing cost a professional golfer nearly $100,000 … Bundle up if you’re living in the Midwest … The former CEO of Starbucks is ‘strongly considering‘ a run for president as an independent … Opioid overdoses have killed more than 400,000 people in the past 20 years.
Food safety 101
Introducing Music Monday
The Daily Digest is sponsored by Microbilt. Designed to help debt collection professionals, MicroBilt’s platform of recovery and skip tracing tools provide quick, convenient, and current data that help you prioritize and successfully track people down and collect. Keep your skip tracing and debt recovery efficient and effective! Contact us to find out about our 90 Day Try Us Program. Call 800-884-4397 or visit www.microbilt.com.
The Daily Digest is sponsored by Microbilt. Designed to help debt collection professionals, MicroBilt’s platform of recovery and skip tracing tools provide quick, convenient, and current data that help you prioritize and successfully track people down and collect. Keep your skip tracing and debt recovery efficient and effective! Contact us to find out about our 90 Day Try Us Program. Call 800-884-4397 or visit www.microbilt.com.
SHUTDOWN MAY BE OVER – FOR NOW – BUT GETTING BACK TO NORMAL AT IRS COULD TAKE 18 MONTHS
- Even though the shutdown of the federal government is over, the impact and consequences of the 35-day impasse will not go away so quickly, as the fallout at one federal agency very important to the credit and collection industry is revealing.
NEW DISCLOSURE LAWS PROPOSED IN NEW YORK, ILLINOIS
- Eric Rosenkoetter from Maurice Wutscher has been doing yeoman’s work this month in keeping track of proposed state laws that the credit and collection industry need to be aware of. Following up on his notice about a proposed law in New York that clarifies how collectors and creditors can attempt to collect debts from deceased individuals, is an update about another bill in New York and one from Illinois, both of which would require collectors to send specific notices to individuals.
CFPB FINES ONLINE LENDER $3.2 MILLION FOR ILLEGALLY DEBITING ACCOUNTS
- Enova International, an online payday lender, has been fined $3.2 million by the Consumer Financial Protection Bureau for allegedly withdrawing payments from individuals’ bank accounts without the proper permission and failing to honor loan extensions it had granted to customers.
FCRA CLASS OF 5 MILLION WALMART WORKERS CERTIFIED OVER IMPROPER BACKGROUND CHECK DISCLOSURES
- Employers who conduct background checks on prospective employees would be wise to keep an eye on a lawsuit in California which was just granted class certification after an employee at Walmart alleged the retail giant violated the Fair Credit Reporting Act by not providing a “clear and conspicuous” disclosure when obtaining reports for employment purposes as required under the law.
CFPB ANNOUNCES NEW HIRES, PROMOTIONS
- The Consumer Financial Protection Bureau on Friday announced two promotions and three new hires, mostly in the communications and external affairs departments.
WORTH NOTING: The cost to mail letters just got a lot more expensive … Was the Saints-Rams game fixed by referees who live in Southern California? … Isn’t it too soon to be threatening another government shutdown? … An Appeals Court decision has ruled that age discrimination in hiring is legal … Where to keep the money in your emergency fund … Where his caddie was standing cost a professional golfer nearly $100,000 … Bundle up if you’re living in the Midwest … The former CEO of Starbucks is ‘strongly considering‘ a run for president as an independent … Opioid overdoses have killed more than 400,000 people in the past 20 years.
Food safety 101
Introducing Music Monday
The Daily Digest is sponsored by Microbilt. Designed to help debt collection professionals, MicroBilt’s platform of recovery and skip tracing tools provide quick, convenient, and current data that help you prioritize and successfully track people down and collect. Keep your skip tracing and debt recovery efficient and effective! Contact us to find out about our 90 Day Try Us Program. Call 800-884-4397 or visit www.microbilt.com.
