ILLINOIS TAKES MORE STEPS TO REGULATE DEBT COLLECTION
- The state of Illinois Department of Financial and Professional Regulation issued guidance yesterday recommending practices that licensed consumer credit companies should putting into place to help individuals dealing with the coronavirus pandemic, including those related to how debts are collected, while Illinois Gov. J.B. Pritzker signed a separate executive order suspending certain remedies used by judgment creditors to collect on unpaid debts.
NINTH CIRCUIT UPHOLDS RULING OVER LACK OF TIME-BARRED DISCLOSURE IN LETTER
- The Court of Appeals for the Ninth Circuit has affirmed a lower court’s ruling that a defendant did not violate the Fair Debt Collection Practices Act when it sent a letter to an individual in an attempt to collect a time-barred debt, but did not mention the debt was time-barred or that a partial payment could revive the statute of limitations.
JUDGE GRANTS MSJ FOR DEFENSE IN FDCPA CASE OVER DISPUTED DEBT
- A District Court judge in Michigan has granted a defendant’s motion for summary judgment after it was sued for allegedly violating the Fair Debt Collection Practices Act because it reported to a credit bureau that the investigation into a disputed debt had been completed even though the plaintiff “still disputed the debt.”
ADVOCACY GROUP CALLS ON CFPB TO STOP COLLECTORS FROM ‘GOING AFTER’ CONSUMERS
- A consumer advocacy is calling on the Consumer Financial Protection Bureau to “step up” and stop debt collectors from “going after” consumers during the coronavirus pandemic. Frontier Group joins a growing number of advocacy organizations that are seeking to have debt collection prohibited while the country manages its respond to COVID-19.
WORTH NOTING: People are rushing to buy stamps to try and help the Postal Service … Coronavirus is making Americans feel lonelier than ever before … For people who want to liven up their Zoom meetings (maybe we get this for our next Happy Hour on Friday, Arbeit?) … How to stay productive when everyone is demanding your attention … How to make a cloth face mask … From the front page of Marketwatch.com: Debt collectors are going after millions of stimulus checks — 5 ways to stop them … How a virtual race got a NASCAR driver fired … How to use music to boost your productivity … Why social distancing may need to be in place for a long time.
Challenging riddles to help you during self-quarantine
Funds for small businesses are about to dry up
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.
ILLINOIS TAKES MORE STEPS TO REGULATE DEBT COLLECTION
- The state of Illinois Department of Financial and Professional Regulation issued guidance yesterday recommending practices that licensed consumer credit companies should putting into place to help individuals dealing with the coronavirus pandemic, including those related to how debts are collected, while Illinois Gov. J.B. Pritzker signed a separate executive order suspending certain remedies used by judgment creditors to collect on unpaid debts.
NINTH CIRCUIT UPHOLDS RULING OVER LACK OF TIME-BARRED DISCLOSURE IN LETTER
- The Court of Appeals for the Ninth Circuit has affirmed a lower court’s ruling that a defendant did not violate the Fair Debt Collection Practices Act when it sent a letter to an individual in an attempt to collect a time-barred debt, but did not mention the debt was time-barred or that a partial payment could revive the statute of limitations.
JUDGE GRANTS MSJ FOR DEFENSE IN FDCPA CASE OVER DISPUTED DEBT
- A District Court judge in Michigan has granted a defendant’s motion for summary judgment after it was sued for allegedly violating the Fair Debt Collection Practices Act because it reported to a credit bureau that the investigation into a disputed debt had been completed even though the plaintiff “still disputed the debt.”
ADVOCACY GROUP CALLS ON CFPB TO STOP COLLECTORS FROM ‘GOING AFTER’ CONSUMERS
- A consumer advocacy is calling on the Consumer Financial Protection Bureau to “step up” and stop debt collectors from “going after” consumers during the coronavirus pandemic. Frontier Group joins a growing number of advocacy organizations that are seeking to have debt collection prohibited while the country manages its respond to COVID-19.
WORTH NOTING: People are rushing to buy stamps to try and help the Postal Service … Coronavirus is making Americans feel lonelier than ever before … For people who want to liven up their Zoom meetings (maybe we get this for our next Happy Hour on Friday, Arbeit?) … How to stay productive when everyone is demanding your attention … How to make a cloth face mask … From the front page of Marketwatch.com: Debt collectors are going after millions of stimulus checks — 5 ways to stop them … How a virtual race got a NASCAR driver fired … How to use music to boost your productivity … Why social distancing may need to be in place for a long time.
Challenging riddles to help you during self-quarantine
Funds for small businesses are about to dry up
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.
