MTD GRANTED IN FDCPA CASE OVER DISPUTED PAYMENT DUE DATE
- A District Court judge in New York has granted a defendant’s motion to dismiss after it was sued for violating the Fair Debt Collection Practices Act because it was allegedly not specific enough when providing a deadline to accept a settlement offer in a collection letter.
EXPERTS SHARE THE ISSUES AND TRENDS THAT WILL SHAPE THE INDUSTRY FOR 2020
- This year is shaping up to be even more impactful on the credit and collection industry than last year was. Rising delinquency rates that could spur an increase in the number of accounts out for collection, a final debt collection rule from the Consumer Financial Protection Bureau, oh, and a presidential election in November each have the potential to cause shockwaves through the industry on their own. Read on to see the trends and issues that a dozen experts and veterans of the credit and collection industry think will have the greatest impact on the business this year.
PRESIDENT SIGNS TRACED ACT INTO LAW
- President Trump signed the TRACED Act into law on Tuesday, and while the law is not expected to put an end to individuals receiving annoying robocalls and will likely not cause too many headaches for the credit and collection industry, it is an important piece of legislation that addresses a very sore subject for consumers and collectors alike.
HHS FINES HEALTHCARE COMPANY $65k AFTER LOST LAPTOP LEADS TO LARGER ISSUES
- The thread of compliance issues that can be found once a regulator starts pulling can be long and expensive, as one healthcare organization recently found out.
WORTH NOTING: Nobody can find a car or its occupants after it drove off a cliff in California … Why you shouldn’t drink water all day long … Why 2020 is a good year to buy a house … How to build your willpower … How paid family leave is evolving across the country … The top TV shows premiering this month, including a new “Star Trek” which I am geeked out about … Everything you need to know about the California Consumer Privacy Act, which is now in effect … A headless mystery in Idaho … A woman has lost her lawsuit claiming she thought she’d lose weight by drinking diet soda …
Even the Pope needs to apologize every now and then
How to keep your New Year financial resolutions
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.
MTD GRANTED IN FDCPA CASE OVER DISPUTED PAYMENT DUE DATE
- A District Court judge in New York has granted a defendant’s motion to dismiss after it was sued for violating the Fair Debt Collection Practices Act because it was allegedly not specific enough when providing a deadline to accept a settlement offer in a collection letter.
EXPERTS SHARE THE ISSUES AND TRENDS THAT WILL SHAPE THE INDUSTRY FOR 2020
- This year is shaping up to be even more impactful on the credit and collection industry than last year was. Rising delinquency rates that could spur an increase in the number of accounts out for collection, a final debt collection rule from the Consumer Financial Protection Bureau, oh, and a presidential election in November each have the potential to cause shockwaves through the industry on their own. Read on to see the trends and issues that a dozen experts and veterans of the credit and collection industry think will have the greatest impact on the business this year.
PRESIDENT SIGNS TRACED ACT INTO LAW
- President Trump signed the TRACED Act into law on Tuesday, and while the law is not expected to put an end to individuals receiving annoying robocalls and will likely not cause too many headaches for the credit and collection industry, it is an important piece of legislation that addresses a very sore subject for consumers and collectors alike.
HHS FINES HEALTHCARE COMPANY $65k AFTER LOST LAPTOP LEADS TO LARGER ISSUES
- The thread of compliance issues that can be found once a regulator starts pulling can be long and expensive, as one healthcare organization recently found out.
WORTH NOTING: Nobody can find a car or its occupants after it drove off a cliff in California … Why you shouldn’t drink water all day long … Why 2020 is a good year to buy a house … How to build your willpower … How paid family leave is evolving across the country … The top TV shows premiering this month, including a new “Star Trek” which I am geeked out about … Everything you need to know about the California Consumer Privacy Act, which is now in effect … A headless mystery in Idaho … A woman has lost her lawsuit claiming she thought she’d lose weight by drinking diet soda …
Even the Pope needs to apologize every now and then
How to keep your New Year financial resolutions
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.
