APPEALS COURT AFFIRMS RULING IN FDCPA CASE OVER INTEREST ADDED TO BALANCE
- The Court of Appeals for the Seventh Circuit has upheld a lower court’s ruling in favor of a defendant that was sued for violating the Fair Debt Collection Practices Act because it attempted to collect on interest that had been charged to the plaintiff’s account after the original creditor had given up on collecting the debt but before that debt was sold to the defendant.
APPEALS COURT OVERTURNS $500k VERDICT IN FCRA CASE
- The Court of Appeals for the Eleventh Circuit has overturned a ruling in favor of a plaintiff who sued a credit reporting agency for willfully violating the Fair Credit Reporting Act by not reinvestigating a dispute because the letter appeared to be suspicious.
KRANINGER REINFORCES FOCUS ON FCRA ENFORCEMENT
- Credit reporting and the Fair Credit Reporting Act will remain a significant supervisory and enforcement focus within the walls of the Consumer Financial Protection Bureau for the foreseeable future, said Kathleen Kraninger, the director of the agency, during remarks on Friday, warning furnishers and credit reporting agencies to maintain vigilance in ensuring the accuracy of consumers’ credit reports.
COMPANY TOUTS EFFICACY OF HANDWRITTEN LETTERS PENNED BY ROBOTS
- There’s a theory that a million monkeys sitting at a million typewriters will eventually type the works of Shakespeare. Can a million robots holding pens write the best collection letters? A company that specializes in sending collection letters that are hand written by robots has noted that response rates are up to 50% higher using that format than traditional collection notices that look like official letters.
HEAR FROM EXPERTS ON TRENDING COMPLIANCE TOPICS
- Click here to read this week’s Compliance Digest. You’ll get insights and opinions from eight different compliance experts — Katy Spicer, Dennis Barton, Laurie Nelson, Lauren Burnette, Brent Yarborough, Mike Frost, Mitch Williamson, Aylix Jensen, and Helen Mac Murray — discussing the impact of recent court cases and legislative updates. You’re not going to get that kind of varied perspective anywhere else. The Compliance Digest is sponsored by The Bedard Law Group.
WORTH NOTING: How to train your kids to occupy themselves … How companies are recruiting new employees in the coronavirus pandemic … RIP to the Eskimo Pie, whose name is being retired … How your daily schedule should look for maximum productivity … The techniques movie theaters are using to get people to relax … President Trump reportedly was not happy with the turnout at his rally in Oklahoma on Saturday … The Museum of Natural History is getting rid of its Teddy Roosevelt statue … This is going to be the summer of the drive-in experience.
Keep your windshield wipers up
Music Monday
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 AFFIRMS RULING IN FDCPA CASE OVER INTEREST ADDED TO BALANCE
- The Court of Appeals for the Seventh Circuit has upheld a lower court’s ruling in favor of a defendant that was sued for violating the Fair Debt Collection Practices Act because it attempted to collect on interest that had been charged to the plaintiff’s account after the original creditor had given up on collecting the debt but before that debt was sold to the defendant.
APPEALS COURT OVERTURNS $500k VERDICT IN FCRA CASE
- The Court of Appeals for the Eleventh Circuit has overturned a ruling in favor of a plaintiff who sued a credit reporting agency for willfully violating the Fair Credit Reporting Act by not reinvestigating a dispute because the letter appeared to be suspicious.
KRANINGER REINFORCES FOCUS ON FCRA ENFORCEMENT
- Credit reporting and the Fair Credit Reporting Act will remain a significant supervisory and enforcement focus within the walls of the Consumer Financial Protection Bureau for the foreseeable future, said Kathleen Kraninger, the director of the agency, during remarks on Friday, warning furnishers and credit reporting agencies to maintain vigilance in ensuring the accuracy of consumers’ credit reports.
COMPANY TOUTS EFFICACY OF HANDWRITTEN LETTERS PENNED BY ROBOTS
- There’s a theory that a million monkeys sitting at a million typewriters will eventually type the works of Shakespeare. Can a million robots holding pens write the best collection letters? A company that specializes in sending collection letters that are hand written by robots has noted that response rates are up to 50% higher using that format than traditional collection notices that look like official letters.
HEAR FROM EXPERTS ON TRENDING COMPLIANCE TOPICS
- Click here to read this week’s Compliance Digest. You’ll get insights and opinions from eight different compliance experts — Katy Spicer, Dennis Barton, Laurie Nelson, Lauren Burnette, Brent Yarborough, Mike Frost, Mitch Williamson, Aylix Jensen, and Helen Mac Murray — discussing the impact of recent court cases and legislative updates. You’re not going to get that kind of varied perspective anywhere else. The Compliance Digest is sponsored by The Bedard Law Group.
WORTH NOTING: How to train your kids to occupy themselves … How companies are recruiting new employees in the coronavirus pandemic … RIP to the Eskimo Pie, whose name is being retired … How your daily schedule should look for maximum productivity … The techniques movie theaters are using to get people to relax … President Trump reportedly was not happy with the turnout at his rally in Oklahoma on Saturday … The Museum of Natural History is getting rid of its Teddy Roosevelt statue … This is going to be the summer of the drive-in experience.
Keep your windshield wipers up
Music Monday
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.
