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Home Daily Digest

Daily Digest – October 27. What Barrett’s Confirmation to Supreme Court Means for ARM Industry; CFPB Stands Behind Collector

mikegibb by mikegibb
October 27, 2020
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BARRETT CONFIRMED TO SUPREME COURT, AND WHAT IT COULD MEAN FOR THE ARM INDUSTRY

  • The Senate yesterday confirmed the nomination of Amy Coney Barrett to be the next Associate Justice on the Supreme Court, replacing Justice Ruth Bader Ginsburg who passed away last month. The addition of Justice Barrett tilts the balance of the Court to the right, and politics aside, could have a significant impact for the credit and collection industry.

CFPB STANDS BEHIND DEBT COLLECTOR FOR ITEMIZING DEBT IN LETTER

  • Thanks to the team at Ballard Spahr for noticing that the Consumer Financial Protection Bureau filed an amicus brief in support of a debt collector’s position that it did not violate the Fair Debt Collection Practices Act when it included line items indicating that an individual owed $0.00 in interest and collection fees in a collection letter.

OUTLET PUBLISHES LIST OF CANDIDATES FOR CFPB DIRECTOR IF BIDEN WINS

  • Election day is a week from today and who knows what is going to happen and how long it might take for a winner to be declared, but at least one media outlet has started speculating what might happen at the top of the Consumer Financial Protection Bureau if Joe Biden wins the presidency, and there is a name that many in the industry will recognize on its shortlist of candidates.

JUDGE DENIES MTD IN FDCPA CASE OVER COLLECTION LAWSUIT

  • For the second time in a month, a District Court judge in Minnesota has denied a defendant’s motion to dismiss as well as a motion to stay a lawsuit filed by a plaintiff alleging the defendant violated the Fair Debt Collection Practices Act during the course of filing its own lawsuit against the plaintiff in an attempt to collect on an unpaid debt.

WORTH NOTING: NASA has found water on the moon … If you want fire logs that smell like chicken, you’ll have to go to Walmart to get them … What to do when your boss likes a co-worker more than you … Many Americans remain on the brink of financial collapse as the coronavirus pandemic rages on … How to get the most out of virtual visits to the doctor … A national mask mandate would save a lot of lives, according to a new study … What is fun anymore? … I would love to have a world record, but I’m not sure I’d go to these lengths to get it.

What if a candidate refuses to concede

How to make a fire snake

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. 

BARRETT CONFIRMED TO SUPREME COURT, AND WHAT IT COULD MEAN FOR THE ARM INDUSTRY

  • The Senate yesterday confirmed the nomination of Amy Coney Barrett to be the next Associate Justice on the Supreme Court, replacing Justice Ruth Bader Ginsburg who passed away last month. The addition of Justice Barrett tilts the balance of the Court to the right, and politics aside, could have a significant impact for the credit and collection industry.

CFPB STANDS BEHIND DEBT COLLECTOR FOR ITEMIZING DEBT IN LETTER

  • Thanks to the team at Ballard Spahr for noticing that the Consumer Financial Protection Bureau filed an amicus brief in support of a debt collector’s position that it did not violate the Fair Debt Collection Practices Act when it included line items indicating that an individual owed $0.00 in interest and collection fees in a collection letter.

OUTLET PUBLISHES LIST OF CANDIDATES FOR CFPB DIRECTOR IF BIDEN WINS

  • Election day is a week from today and who knows what is going to happen and how long it might take for a winner to be declared, but at least one media outlet has started speculating what might happen at the top of the Consumer Financial Protection Bureau if Joe Biden wins the presidency, and there is a name that many in the industry will recognize on its shortlist of candidates.

JUDGE DENIES MTD IN FDCPA CASE OVER COLLECTION LAWSUIT

  • For the second time in a month, a District Court judge in Minnesota has denied a defendant’s motion to dismiss as well as a motion to stay a lawsuit filed by a plaintiff alleging the defendant violated the Fair Debt Collection Practices Act during the course of filing its own lawsuit against the plaintiff in an attempt to collect on an unpaid debt.

WORTH NOTING: NASA has found water on the moon … If you want fire logs that smell like chicken, you’ll have to go to Walmart to get them … What to do when your boss likes a co-worker more than you … Many Americans remain on the brink of financial collapse as the coronavirus pandemic rages on … How to get the most out of virtual visits to the doctor … A national mask mandate would save a lot of lives, according to a new study … What is fun anymore? … I would love to have a world record, but I’m not sure I’d go to these lengths to get it.

What if a candidate refuses to concede

How to make a fire snake

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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