NYC TO DELAY ENFORCEMENT OF NEW LANGUAGE ACCESS RULE
- While the New York City Department of Consumer Affairs has not officially announced it, the agency reportedly has agreed to delay enforcement of its new language access rule for 60 days after it goes into effect on June 27.
CFPB TO OFFER MORE GUIDANCE, BUT COLLECTION INDUSTRY LIKELY ON OUTSIDE UNTIL FINAL RULE IS RELEASED
- Companies that are not sure about how to comply with regulatory requirements have a new authoritative source they can go to in order to get advice: the Consumer Financial Protection Bureau. The CFPB announced yesterday the creation of a new Advisory Opinion program in which it will publicly issue guidance on specific topics raised by companies in the financial services industry. But based on the criteria for issuing an opinion, it might be unlikely that the credit and collection industry will see any until the CFPB releases its final debt collection rule.
JUDGE GRANTS MTD IN FCRA CASE OVER HOW DATA IN CREDIT REPORT IS DISPLAYED
- A District Court judge in Michigan has granted a defendant’s motion to dismiss after it was sued for violating the Fair Credit Reporting Act because it allegedly failed to adequately investigate and report on a dispute that had been filed by the plaintiff, but ultimately how the data is reported is the responsibility of the credit reporting agency, not the furnisher.
TOP SENATE DEM RELEASES PRIVACY BILL
- Sen. Sherrod Brown, the top Democrat on the Senate Banking Committee, yesterday released a draft of a privacy bill that would hold the chief executives and boards of directors of companies criminally and civilly liable should any provisions of the legislation be violated.
WORTH NOTING: There is a growing movement to make today, Juneteenth, a federal holiday … Add the Texas Rangers to the group of sports teams who are facing pressure to change their name … A lot of people are planning their own fireworks displays this year … The biggest mistake that leaders make, according to Simon Sinek … If you’re in the market for a cruise ship, Carnival has a few for sale … A positive review of the new Microsoft Surface Go 2 … What The Terminator thinks of people who don’t want to wear facemasks … Fans of football may not want to read this.
How to use shortcuts in iOS
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.
NYC TO DELAY ENFORCEMENT OF NEW LANGUAGE ACCESS RULE
- While the New York City Department of Consumer Affairs has not officially announced it, the agency reportedly has agreed to delay enforcement of its new language access rule for 60 days after it goes into effect on June 27.
CFPB TO OFFER MORE GUIDANCE, BUT COLLECTION INDUSTRY LIKELY ON OUTSIDE UNTIL FINAL RULE IS RELEASED
- Companies that are not sure about how to comply with regulatory requirements have a new authoritative source they can go to in order to get advice: the Consumer Financial Protection Bureau. The CFPB announced yesterday the creation of a new Advisory Opinion program in which it will publicly issue guidance on specific topics raised by companies in the financial services industry. But based on the criteria for issuing an opinion, it might be unlikely that the credit and collection industry will see any until the CFPB releases its final debt collection rule.
JUDGE GRANTS MTD IN FCRA CASE OVER HOW DATA IN CREDIT REPORT IS DISPLAYED
- A District Court judge in Michigan has granted a defendant’s motion to dismiss after it was sued for violating the Fair Credit Reporting Act because it allegedly failed to adequately investigate and report on a dispute that had been filed by the plaintiff, but ultimately how the data is reported is the responsibility of the credit reporting agency, not the furnisher.
TOP SENATE DEM RELEASES PRIVACY BILL
- Sen. Sherrod Brown, the top Democrat on the Senate Banking Committee, yesterday released a draft of a privacy bill that would hold the chief executives and boards of directors of companies criminally and civilly liable should any provisions of the legislation be violated.
WORTH NOTING: There is a growing movement to make today, Juneteenth, a federal holiday … Add the Texas Rangers to the group of sports teams who are facing pressure to change their name … A lot of people are planning their own fireworks displays this year … The biggest mistake that leaders make, according to Simon Sinek … If you’re in the market for a cruise ship, Carnival has a few for sale … A positive review of the new Microsoft Surface Go 2 … What The Terminator thinks of people who don’t want to wear facemasks … Fans of football may not want to read this.
How to use shortcuts in iOS
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.
