APPEALS COURT UPHOLDS RULING IN FCRA CASE OVER ALLEGED ILLEGAL DEBT
- The Seventh Circuit Court of Appeals has upheld a lower court’s ruling in a class-action Fair Credit Reporting Act suit, affirming that a credit reporting agency does not have to determine the legal validity of a debt when investigating a dispute.
OREGON ISSUES GUIDANCE FOR COLLECTORS, DEBT BUYERS
- Late last month, the Oregon Department of Financial Regulation issued guidance for all collection agencies and debt buyers regulated by the state, “encourag[ing]” them to take a more active role in helping individuals who have been impacted by the coronavirus pandemic.
FORMER CFPB DIRECTOR ISSUES WARNING, SAYING COLLECTORS ARE ‘DANGEROUS’ INDUSTRY FOR CONSUMERS
- The former director of the Consumer Financial Protection Bureau is warning about the potential for debt collectors who are “going to become increasingly insistent and increasingly vehement” in their efforts to collect as the coronavirus pandemic continues to wreak economic havoc on the country.
ENCORE REPORTS HIGHER COLLECTION TOTALS, ESPECIALLY IN U.S.
- Encore Capital Group reported a net loss of $10.4 million for the first quarter of 2020, compared with profits of $49 million for the same period a year ago, and revised its collection forecast downward for the rest of the year because of the expected impact of the COVID-19 pandemic on the financial situations of individuals worldwide.
WORTH NOTING: A state-by-state guide to how the country is being re-opened … That wasn’t very Canadian of him … You can start making reservations at Disney World again … Things you should buy for summer now, before they sell out … What your emoji usage says about living in isolation … One industry that is poised to do well once things start re-opening — cleaning businesses … Dr. Anthony Fauci has some harsh words about re-opening the country too quickly … Kareem-Abdul Jabbar wrote a speech for President Trump … How flying will change as we adapt to a new normal.
How to get more life out of your cell phone
This guy is unbelievable
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.
APPEALS COURT UPHOLDS RULING IN FCRA CASE OVER ALLEGED ILLEGAL DEBT
- The Seventh Circuit Court of Appeals has upheld a lower court’s ruling in a class-action Fair Credit Reporting Act suit, affirming that a credit reporting agency does not have to determine the legal validity of a debt when investigating a dispute.
OREGON ISSUES GUIDANCE FOR COLLECTORS, DEBT BUYERS
- Late last month, the Oregon Department of Financial Regulation issued guidance for all collection agencies and debt buyers regulated by the state, “encourag[ing]” them to take a more active role in helping individuals who have been impacted by the coronavirus pandemic.
FORMER CFPB DIRECTOR ISSUES WARNING, SAYING COLLECTORS ARE ‘DANGEROUS’ INDUSTRY FOR CONSUMERS
- The former director of the Consumer Financial Protection Bureau is warning about the potential for debt collectors who are “going to become increasingly insistent and increasingly vehement” in their efforts to collect as the coronavirus pandemic continues to wreak economic havoc on the country.
ENCORE REPORTS HIGHER COLLECTION TOTALS, ESPECIALLY IN U.S.
- Encore Capital Group reported a net loss of $10.4 million for the first quarter of 2020, compared with profits of $49 million for the same period a year ago, and revised its collection forecast downward for the rest of the year because of the expected impact of the COVID-19 pandemic on the financial situations of individuals worldwide.
WORTH NOTING: A state-by-state guide to how the country is being re-opened … That wasn’t very Canadian of him … You can start making reservations at Disney World again … Things you should buy for summer now, before they sell out … What your emoji usage says about living in isolation … One industry that is poised to do well once things start re-opening — cleaning businesses … Dr. Anthony Fauci has some harsh words about re-opening the country too quickly … Kareem-Abdul Jabbar wrote a speech for President Trump … How flying will change as we adapt to a new normal.
How to get more life out of your cell phone
This guy is unbelievable
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.
