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Home Daily Digest

Daily Digest – September 15. N.Y. AG Reaches $600k Settlement With Collector; Judge Grants MTD in Overshadowing Case

mikegibb by mikegibb
September 15, 2020
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N.Y. AG REACHES $600k SETTLEMENT WITH STUDENT LOAN COLLECTOR

  • The Attorney General of New York has reached a settlement with Transworld Systems which will see the collector pay $600,000 in restitution to affected individuals and make changes to how it collects on student loans.

JUDGE GRANTS MTD IN OVERSHADOWING CASE

  • In a case that was first spotlighted by Manny Newburger from Barron & Newburger, a District Court judge in New York has granted a defendant’s motion to dismiss a class-action Fair Debt Collection Practices Act suit, mainly because she understood that, sometimes, you need both sides of the page to include everything that needs to be included in a collection letter.

SENATE COMMITTEE TO MARK UP E-SIGN MODERNIZATION BILL TOMORROW

  • The Senate Commerce Committee is expected to mark up a number of bills during a hearing tomorrow, including S. 4159, the E-SIGN Modernization Act, which was introduced this past summer by a trio of Republicans.

AMBULANCE RIDES DRIVING MANY PATIENTS INTO COLLECTIONS: REPORT

  • Riding in an ambulance makes most people feel like they are the last one to leave a party at a restaurant, because they are getting stuck with the check, according to a published report that details how many emergency medical services are not covered by health insurance plans, leaving individuals, especially those suffering a medical emergency, facing hefty bills and communications from debt collectors.

WORTH NOTING: Possible signs of life on Venus … It could be four years until the whole world to have a coronavirus vaccine … The best business book ever written, according to Bill Gates and Warren Buffett … How to get free spicy McNuggets tomorrow … Tech companies are letting employees work from home, in exchange for lower salaries … For people who are looking to spend $70,000 on their next SUV … Five cyclones are alive in the Atlantic Ocean simultaneously for only the second time in history … Smoke from the wildfires in Oregon and California can be seen as far away as Virginia and New York.

How to turn your side hustle into a small business

How the stock market works

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. 

N.Y. AG REACHES $600k SETTLEMENT WITH STUDENT LOAN COLLECTOR

  • The Attorney General of New York has reached a settlement with Transworld Systems which will see the collector pay $600,000 in restitution to affected individuals and make changes to how it collects on student loans.

JUDGE GRANTS MTD IN OVERSHADOWING CASE

  • In a case that was first spotlighted by Manny Newburger from Barron & Newburger, a District Court judge in New York has granted a defendant’s motion to dismiss a class-action Fair Debt Collection Practices Act suit, mainly because she understood that, sometimes, you need both sides of the page to include everything that needs to be included in a collection letter.

SENATE COMMITTEE TO MARK UP E-SIGN MODERNIZATION BILL TOMORROW

  • The Senate Commerce Committee is expected to mark up a number of bills during a hearing tomorrow, including S. 4159, the E-SIGN Modernization Act, which was introduced this past summer by a trio of Republicans.

AMBULANCE RIDES DRIVING MANY PATIENTS INTO COLLECTIONS: REPORT

  • Riding in an ambulance makes most people feel like they are the last one to leave a party at a restaurant, because they are getting stuck with the check, according to a published report that details how many emergency medical services are not covered by health insurance plans, leaving individuals, especially those suffering a medical emergency, facing hefty bills and communications from debt collectors.

WORTH NOTING: Possible signs of life on Venus … It could be four years until the whole world to have a coronavirus vaccine … The best business book ever written, according to Bill Gates and Warren Buffett … How to get free spicy McNuggets tomorrow … Tech companies are letting employees work from home, in exchange for lower salaries … For people who are looking to spend $70,000 on their next SUV … Five cyclones are alive in the Atlantic Ocean simultaneously for only the second time in history … Smoke from the wildfires in Oregon and California can be seen as far away as Virginia and New York.

How to turn your side hustle into a small business

How the stock market works

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. 

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