CALIFORNIA LEGISLATURE PASSES COLLECTOR LICENSING LAW
- The California state legislature on Monday became the 35th state to require debt collectors to obtain licenses in order to operate, passing a measure that also establishes baseline practices that will be prohibited, should Gov. Gavin Newsom sign the bill into law.
CFPB WARNS 9th CIRCUIT WHAT COULD HAPPEN IF RATIFICATIONS ARE SET ASIDE
- The Consumer Financial Protection Bureau wants the Ninth Circuit Court of Appeals to think about the ramifications of what will happen if the Court chooses to ignore a pair of ratifications from the former Acting Director and current Director of the Bureau and rule in favor of a law firm trying to fight being forced to respond to a Civil Investigative Demand letter. Those ramifications could “raise doubts about the validity of other actions the Bureau has taken over the past decade” and call into question any enforcement action that the CFPB has taken during its decade of existence.
CFPB TO SUBJECT RESEARCH TO PEER REVIEW; STARTS WITH TIME-BARRED DEBT DISCLOSURES
- Looking to hold itself accountable for the decisions that are made based on the research it conducts, the Consumer Financial Protection Bureau has announced it will have some of its research reviewed by the Bureau’s Academic Research Council, an external panel of researchers with experience in consumer finance. What is the first piece of research that is being subjected to this peer review process? A report on the results of a survey that the CFPB conducted testing different disclosure notices associated with collecting on time-barred debt. Interestingly enough, the ARC had a number of questions about the survey and its results.
SANTA CLARA COUNTY SELECTS CSS IMPACT
- The County of Santa Clara selects CSS IMPACT Financial Debt Collections Cloud Ecosystem as their “NextGen” Tax Information Collections Platform.
WORTH NOTING: A new eviction ban is being put into place by the Trump administration, through the Centers for Disease Control … All that time together has led a lot of married couples to realize they don’t want to be together … A lot of parents just want schools to cancel classes until the Spring … The best Labor Day deals available … A lot of people said they would not take a coronavirus vaccine, because of concerns about the side effects … What we’ve learned in six months of working from home … The best live-streaming services … Trying to grow corn on the Upper West Side of New York City.
Inside America’s richest ZIP code
Things you see daily, but might not know what they’re used for
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.
CALIFORNIA LEGISLATURE PASSES COLLECTOR LICENSING LAW
- The California state legislature on Monday became the 35th state to require debt collectors to obtain licenses in order to operate, passing a measure that also establishes baseline practices that will be prohibited, should Gov. Gavin Newsom sign the bill into law.
CFPB WARNS 9th CIRCUIT WHAT COULD HAPPEN IF RATIFICATIONS ARE SET ASIDE
- The Consumer Financial Protection Bureau wants the Ninth Circuit Court of Appeals to think about the ramifications of what will happen if the Court chooses to ignore a pair of ratifications from the former Acting Director and current Director of the Bureau and rule in favor of a law firm trying to fight being forced to respond to a Civil Investigative Demand letter. Those ramifications could “raise doubts about the validity of other actions the Bureau has taken over the past decade” and call into question any enforcement action that the CFPB has taken during its decade of existence.
CFPB TO SUBJECT RESEARCH TO PEER REVIEW; STARTS WITH TIME-BARRED DEBT DISCLOSURES
- Looking to hold itself accountable for the decisions that are made based on the research it conducts, the Consumer Financial Protection Bureau has announced it will have some of its research reviewed by the Bureau’s Academic Research Council, an external panel of researchers with experience in consumer finance. What is the first piece of research that is being subjected to this peer review process? A report on the results of a survey that the CFPB conducted testing different disclosure notices associated with collecting on time-barred debt. Interestingly enough, the ARC had a number of questions about the survey and its results.
SANTA CLARA COUNTY SELECTS CSS IMPACT
- The County of Santa Clara selects CSS IMPACT Financial Debt Collections Cloud Ecosystem as their “NextGen” Tax Information Collections Platform.
WORTH NOTING: A new eviction ban is being put into place by the Trump administration, through the Centers for Disease Control … All that time together has led a lot of married couples to realize they don’t want to be together … A lot of parents just want schools to cancel classes until the Spring … The best Labor Day deals available … A lot of people said they would not take a coronavirus vaccine, because of concerns about the side effects … What we’ve learned in six months of working from home … The best live-streaming services … Trying to grow corn on the Upper West Side of New York City.
Inside America’s richest ZIP code
Things you see daily, but might not know what they’re used for
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.
