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Home Daily Digest

Daily Digest – May 8. Consumers Believe Suspending Debt Payments Ineffective; Tech Company Raises $52M to Expand Into U.S.

mikegibb by mikegibb
May 8, 2020
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CONSUMERS BELIEVE SUSPENDING DEBT PAYMENTS TO BE INEFFECTIVE RELIEF MEASURE: SURVEY

  • For anyone looking for ammunition to fight against efforts by local and state governments and Congress to ban debt collection activities during the coronavirus pandemic to protect consumers, here is a data point that will help: consumers consider the suspension of debt collection activities, including automotive repossessions and wage garnishment to be among the least effective relief measures that will help them.

COMPANY RAISES $52M TO APPLY ADVANCED TECH TO COLLECTIONS, EXPAND DEEPER INTO U.S.

  • A technology platform based in Canada that helps consumers “self-cure” their debts has raised $52 million for, among other things, to help the company expand into the United States.

COLLECTOR FACING FDCPA CLASS ACTION FOR ALLEGEDLY NOT REPORTING DEBTS AS DISPUTED

  • A plaintiff in New Jersey has filed a class-action lawsuit against a debt collector, alleging that it violated the Fair Debt Collection Practices Act by not reporting to the credit reporting agencies that debts had been disputed.

THE ANSWER IS NOT, ‘I’M GOING TO DISNEYLAND’

  • Manny Newburger, from the firm of Barron & Newburger, has published his thoughts on how the industry should react to the granting of a temporary restraining order in a lawsuit against the Attorney General of Massachusetts. As you can guess from the headline, nobody should be uncorking the champagne yet.

WORTH NOTING: As if this year couldn’t get any weirder, they are calling for snow this weekend in the Northeast … Could a lack of this vitamin be why people are dying from coronavirus? … People who are collecting unemployment insurance are loathe to go back to work … More animals are catching coronavirus … Some people miss traveling so much that they are ordering airplane food to be delivered to them at home … The most intriguing games of the upcoming NFL season … The CEO of Salesforce describes what he thinks office life will be like when the pandemic is over … Last-minute Mother’s Day gift ideas.

How washing your hands kills coronavirus

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. 

CONSUMERS BELIEVE SUSPENDING DEBT PAYMENTS TO BE INEFFECTIVE RELIEF MEASURE: SURVEY

  • For anyone looking for ammunition to fight against efforts by local and state governments and Congress to ban debt collection activities during the coronavirus pandemic to protect consumers, here is a data point that will help: consumers consider the suspension of debt collection activities, including automotive repossessions and wage garnishment to be among the least effective relief measures that will help them.

COMPANY RAISES $52M TO APPLY ADVANCED TECH TO COLLECTIONS, EXPAND DEEPER INTO U.S.

  • A technology platform based in Canada that helps consumers “self-cure” their debts has raised $52 million for, among other things, to help the company expand into the United States.

COLLECTOR FACING FDCPA CLASS ACTION FOR ALLEGEDLY NOT REPORTING DEBTS AS DISPUTED

  • A plaintiff in New Jersey has filed a class-action lawsuit against a debt collector, alleging that it violated the Fair Debt Collection Practices Act by not reporting to the credit reporting agencies that debts had been disputed.

THE ANSWER IS NOT, ‘I’M GOING TO DISNEYLAND’

  • Manny Newburger, from the firm of Barron & Newburger, has published his thoughts on how the industry should react to the granting of a temporary restraining order in a lawsuit against the Attorney General of Massachusetts. As you can guess from the headline, nobody should be uncorking the champagne yet.

WORTH NOTING: As if this year couldn’t get any weirder, they are calling for snow this weekend in the Northeast … Could a lack of this vitamin be why people are dying from coronavirus? … People who are collecting unemployment insurance are loathe to go back to work … More animals are catching coronavirus … Some people miss traveling so much that they are ordering airplane food to be delivered to them at home … The most intriguing games of the upcoming NFL season … The CEO of Salesforce describes what he thinks office life will be like when the pandemic is over … Last-minute Mother’s Day gift ideas.

How washing your hands kills coronavirus

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. 

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