JUDGE GRANTS MTD IN FDCPA CASE OVER DIFFERING AMOUNTS IN LETTER
- Sometimes, even when a collector does a nice thing, it ends up getting sued. But a District Court judge in New York has granted a defendant’s motion to dismiss after it was sued for allegedly violating the Fair Debt Collection Practices Act because it included a line item in a collection letter referencing post-judgment interest that the defendant actually had credited back to the plaintiff.
STATE AGS BLAST INDUSTRY IN ASKING CFPB TO RECONSIDER PROPOSED COLLECTION RULE
- A group of more than two dozen state attorneys general, including one who is a Republican, submitted a comment urging the Consumer Financial Protection Bureau to “reconsider” its proposed debt collection rule, saying, “on each of the most significant issues affecting consumers in the Proposed Rule, the CFPB elevates the interests of the debt collection industry over consumers.”
SANDERS ANNOUNES PLAN TO WIPE OUT $81B IN MEDICAL DEBTS
- After introducing a plan during the summer to wipe out all student loan debt, Senator and presidential candidate Bernie Sanders introduced a plan on Saturday to wipe out $81 billion in unpaid medical debts.
POLL REVEALS MAJORITY OF CONSUMERS ‘CONCERNED’ ABOUT PROVISIONS OF PROPOSED RULE
- A poll of individuals that was commissioned by a consumer advocacy group “shows strong bipartisan opposition” to the Consumer Financial Protection Bureau’s proposed debt collection rule, with most consumers concerned about the provision that would allow collectors to send text messages to individuals without first being required to obtain permission to do so.
COMPLIANCE DIGEST – HEAR FROM THE EXPERTS
- Click here to read this week’s Compliance Digest, sponsored by Applied Innovation. You’ll get insights from eight different compliance experts — Boyd Gentry, Lauren Valenzuela, Rick Perr, Ron Canter, Stefanie Jackman, Michael Klutho, Helen Mac Murray, and Nicole Strickler — discussing the impact of recent court cases and legislative updates, including a $267 million TCPA settlement with a debt collector. You’re not going to get that kind of varied perspective anywhere else.
WORTH NOTING: The big winners from last night’s Emmys … Why President Trump likes to carry around a wad of cash … What happened at the raid of Area 51 … Why you shouldn’t let employees set their own goals … Should we put Daniel Jones in the Hall of Fame now, or wait? … The most dangerous technology trends … Why won’t anyone let Liv Tyler go to space? … Where are all the birds going? … Meet a woman who quit her job and spent 57 days looking for her lost dog.
Some riddles to start your Monday morning
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.
JUDGE GRANTS MTD IN FDCPA CASE OVER DIFFERING AMOUNTS IN LETTER
- Sometimes, even when a collector does a nice thing, it ends up getting sued. But a District Court judge in New York has granted a defendant’s motion to dismiss after it was sued for allegedly violating the Fair Debt Collection Practices Act because it included a line item in a collection letter referencing post-judgment interest that the defendant actually had credited back to the plaintiff.
STATE AGS BLAST INDUSTRY IN ASKING CFPB TO RECONSIDER PROPOSED COLLECTION RULE
- A group of more than two dozen state attorneys general, including one who is a Republican, submitted a comment urging the Consumer Financial Protection Bureau to “reconsider” its proposed debt collection rule, saying, “on each of the most significant issues affecting consumers in the Proposed Rule, the CFPB elevates the interests of the debt collection industry over consumers.”
SANDERS ANNOUNES PLAN TO WIPE OUT $81B IN MEDICAL DEBTS
- After introducing a plan during the summer to wipe out all student loan debt, Senator and presidential candidate Bernie Sanders introduced a plan on Saturday to wipe out $81 billion in unpaid medical debts.
POLL REVEALS MAJORITY OF CONSUMERS ‘CONCERNED’ ABOUT PROVISIONS OF PROPOSED RULE
- A poll of individuals that was commissioned by a consumer advocacy group “shows strong bipartisan opposition” to the Consumer Financial Protection Bureau’s proposed debt collection rule, with most consumers concerned about the provision that would allow collectors to send text messages to individuals without first being required to obtain permission to do so.
COMPLIANCE DIGEST – HEAR FROM THE EXPERTS
- Click here to read this week’s Compliance Digest, sponsored by Applied Innovation. You’ll get insights from eight different compliance experts — Boyd Gentry, Lauren Valenzuela, Rick Perr, Ron Canter, Stefanie Jackman, Michael Klutho, Helen Mac Murray, and Nicole Strickler — discussing the impact of recent court cases and legislative updates, including a $267 million TCPA settlement with a debt collector. You’re not going to get that kind of varied perspective anywhere else.
WORTH NOTING: The big winners from last night’s Emmys … Why President Trump likes to carry around a wad of cash … What happened at the raid of Area 51 … Why you shouldn’t let employees set their own goals … Should we put Daniel Jones in the Hall of Fame now, or wait? … The most dangerous technology trends … Why won’t anyone let Liv Tyler go to space? … Where are all the birds going? … Meet a woman who quit her job and spent 57 days looking for her lost dog.
Some riddles to start your Monday morning
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.
