NY DFS SUPERINTENDENT BLASTS CFPB OVER PROPOSED RULE
- As someone who has reviewed most of the nearly 10,000 comments that have been submitted regarding the Consumer Financial Protection Bureau’s proposed debt collection rule, I can say with some degree of certainty that one regulator chastising another one is fairly uncommon. But that’s what the New York Department of Financial Services chose to do with its remarks, saying the proposed rule “does not go far enough to protect consumers.”
JUDGE DENIES MTD IN FDCPA CASE OVER INCLUSION OF ATTORNEY FEES
- A District Court judge in Pennsylvania has partially dismissed claims that a law firm representing a timeshare community in Pennsylvania violated the Fair Debt Collection Practices Act by filing a lawsuit against the plaintiffs in the improper venue, but denied a motion to dismiss over allegations that the defendant attempted to collect unincurred attorney’s fees unauthorized late fees.
VA DEPT. GRILLED OVER AGGRESSIVE COLLECTION EFFORTS
- Speaking before a House Committee yesterday, the chief financial officer for the Department of Veterans Affairs vowed to continuing overhauling their systems and procedures to help improve collection efforts related to the overpayment of benefits.
JUDGE GRANTS MTD OVER USE OF ‘CLIENT’ IN COLLECTION LETTER
- A District Court judge in New Jersey has granted a defendant’s motion to dismiss after it was sued for allegedly violating the Fair Debt Collection Practices Act by referring to the original creditor as a “client” in a collection letter.
WORTH NOTING: Much of Texas is under water right now … Bikers in Indiana love good lemonade … Doorbell cameras are good for killing dad’s egos, too … Which is better? Traveling by train or plane? (I’ll take the train just about every time) … Times when procrastination can be a good thing … Today is Pepperoni Pizza Day (my favorite) … The best college majors if you want to get a job after you graduate … Looking ahead to Sunday’s Emmys broadcast … Conversations you shouldn’t be afraid to have with your boss.
Sleep mistakes you didn’t know you were making
Funny Friday
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.
NY DFS SUPERINTENDENT BLASTS CFPB OVER PROPOSED RULE
- As someone who has reviewed most of the nearly 10,000 comments that have been submitted regarding the Consumer Financial Protection Bureau’s proposed debt collection rule, I can say with some degree of certainty that one regulator chastising another one is fairly uncommon. But that’s what the New York Department of Financial Services chose to do with its remarks, saying the proposed rule “does not go far enough to protect consumers.”
JUDGE DENIES MTD IN FDCPA CASE OVER INCLUSION OF ATTORNEY FEES
- A District Court judge in Pennsylvania has partially dismissed claims that a law firm representing a timeshare community in Pennsylvania violated the Fair Debt Collection Practices Act by filing a lawsuit against the plaintiffs in the improper venue, but denied a motion to dismiss over allegations that the defendant attempted to collect unincurred attorney’s fees unauthorized late fees.
VA DEPT. GRILLED OVER AGGRESSIVE COLLECTION EFFORTS
- Speaking before a House Committee yesterday, the chief financial officer for the Department of Veterans Affairs vowed to continuing overhauling their systems and procedures to help improve collection efforts related to the overpayment of benefits.
JUDGE GRANTS MTD OVER USE OF ‘CLIENT’ IN COLLECTION LETTER
- A District Court judge in New Jersey has granted a defendant’s motion to dismiss after it was sued for allegedly violating the Fair Debt Collection Practices Act by referring to the original creditor as a “client” in a collection letter.
WORTH NOTING: Much of Texas is under water right now … Bikers in Indiana love good lemonade … Doorbell cameras are good for killing dad’s egos, too … Which is better? Traveling by train or plane? (I’ll take the train just about every time) … Times when procrastination can be a good thing … Today is Pepperoni Pizza Day (my favorite) … The best college majors if you want to get a job after you graduate … Looking ahead to Sunday’s Emmys broadcast … Conversations you shouldn’t be afraid to have with your boss.
Sleep mistakes you didn’t know you were making
Funny Friday
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.
