BRANCH MANAGER FINED, BARRED FROM RENEWING LICENSE AS PART OF KICKBACK SCHEME
- The Minnesota Department of Commerce has banned a collection agency branch manager from obtaining a license for five years and fined him $2,500 for orchestrating a kickback scheme in which he inflated the commissions of a collector in order to share in the windfall. The collector was previously fined $15,000, $10,000 of which was suspended.
CFPB FILES SUIT AGAINST CREDIT REPAIR PARTNER TO COMPEL SUBPOENA COMPLIANCE
- The Consumer Financial Protection Bureau has filed a lawsuit against a partner of credit repaid company Progrexion Marketing, Inc., accusing the partner of refusing to comply with subpoena and provide documents requested by the agency.
LAWSUIT ACTIVITY REBOUNDS IN JULY, BUT STILL BELOW 2019 LEVELS: WEBRECON
- Only in 2020 would the number of lawsuits filed against collection agencies claiming violations of the Fair Credit Reporting Act, the Fair Debt Collection Practices Act, and the Telephone Consumer Protection Act be both up and down, according to data published yesterday by WebRecon.
FTC ANNOUNCES FCRA NPRMS
- The Federal Trade Commission has announced that it is seeking comment on a number of proposed changes to several rules aimed at aligning the Fair Credit Reporting Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act.
AMSHER CONTINUES TO LEAD INNOVATION IN ACCOUNTS RECEIVABLE SERVICES INDUSTRY WITH PAIRITY AI
- AmSher, a leading specialized accounts receivable service company, announced today that it has selected Pairity AI for account scoring to boost compliant Right-Party Contact and maximize debt recovery.
WORTH NOTING: Fans of Disney’s mac and cheese can now recreate the recipe in their own homes … Hurricane Laura is strengthening ahead of making landfall in Louisiana … What you need to know about getting a flu shot this year … The perks and opportunities that commercial tenants can now get from their landlords … Fans of Lucky Charms’s marshmallows no longer have to root through the box to get their fix … Universities are replacing the six-foot social distancing rule with a traffic light system … It’s the end of an era in Spain … A “historic” eviction wave is bearing down on the U.S. … A man stole a truck and then got run over by it.
The truth about re-opening schools
How to avoid burnout
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.
BRANCH MANAGER FINED, BARRED FROM RENEWING LICENSE AS PART OF KICKBACK SCHEME
- The Minnesota Department of Commerce has banned a collection agency branch manager from obtaining a license for five years and fined him $2,500 for orchestrating a kickback scheme in which he inflated the commissions of a collector in order to share in the windfall. The collector was previously fined $15,000, $10,000 of which was suspended.
CFPB FILES SUIT AGAINST CREDIT REPAIR PARTNER TO COMPEL SUBPOENA COMPLIANCE
- The Consumer Financial Protection Bureau has filed a lawsuit against a partner of credit repaid company Progrexion Marketing, Inc., accusing the partner of refusing to comply with subpoena and provide documents requested by the agency.
LAWSUIT ACTIVITY REBOUNDS IN JULY, BUT STILL BELOW 2019 LEVELS: WEBRECON
- Only in 2020 would the number of lawsuits filed against collection agencies claiming violations of the Fair Credit Reporting Act, the Fair Debt Collection Practices Act, and the Telephone Consumer Protection Act be both up and down, according to data published yesterday by WebRecon.
FTC ANNOUNCES FCRA NPRMS
- The Federal Trade Commission has announced that it is seeking comment on a number of proposed changes to several rules aimed at aligning the Fair Credit Reporting Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act.
AMSHER CONTINUES TO LEAD INNOVATION IN ACCOUNTS RECEIVABLE SERVICES INDUSTRY WITH PAIRITY AI
- AmSher, a leading specialized accounts receivable service company, announced today that it has selected Pairity AI for account scoring to boost compliant Right-Party Contact and maximize debt recovery.
WORTH NOTING: Fans of Disney’s mac and cheese can now recreate the recipe in their own homes … Hurricane Laura is strengthening ahead of making landfall in Louisiana … What you need to know about getting a flu shot this year … The perks and opportunities that commercial tenants can now get from their landlords … Fans of Lucky Charms’s marshmallows no longer have to root through the box to get their fix … Universities are replacing the six-foot social distancing rule with a traffic light system … It’s the end of an era in Spain … A “historic” eviction wave is bearing down on the U.S. … A man stole a truck and then got run over by it.
The truth about re-opening schools
How to avoid burnout
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.
