INDUSTRY REACTS TO PRESIDENTIAL ELECTION RESULTS
- Over the weekend, the country announced a new president-elect, former Vice President Joe Biden, and a new Vice President-elect, Sen. Kamala Harris. The pair are set to replace President Donald Trump and Vice President Mike Pence on Inauguration Day, which will be Jan. 20, 2021. A new Democratic administration could mean significant changes for how the accounts receivable management industry is regulated. AccountsRecovery.net reached out to a number of individuals in the ARM industry and asked for their thoughts about what a Biden White House will mean for the industry. Here is what 15 of them had to say.
JUDGE GRANTS MTD IN FDCPA CASE OVER ALLEGED MIS-IDENTIFIED CREDITOR, AMOUNT IN LETTER
- A District Court judge in New Jersey has granted a defendant’s motion to dismiss after it was sued for allegedly violating the Fair Debt Collection Practices Act because the plaintiff claimed the amount cited as being owed in a collection letter was inaccurate and that the plaintiff did not owe the debt to the current owner cited in the letter, which purchased the debt from the original creditor.
PROFITS UP AT PRA GROUP, CEO CITES SIDE EFFECTS OF COVID LOCKDOWN
- Profit at PRA Group was up 70% in the third quarter, to $42.5 million, compared with $25 million during the same period a year ago, according to financial data released by the company last Thursday. Kevin Stephenson, the chief executive of PRA Group, also applauded the new debt collection rule from the Consumer Financial Protection Bureau during a call with analysts to discuss the company’s earnings, calling the rule “fair and balanced” and saying it will help “level the playing field” for companies in the accounts receivable management industry.
READ EXPERT PERSPECTIVES ON TRENDING COMPLIANCE TOPICS
- Click here to read this week’s Compliance Digest. You’ll get insights and opinions from nine different compliance experts — Lauren Burnette, David Schultz, Joann Needleman, Makyla Moody, Ethan Ostroff, Brit Suttell, Helen Mac Murray, Loraine Lyons, and Aylix Jensen — 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: Definitely the saddest news I have received in a while … How to choose the perfectly sized turkey for Thanksgiving … Some of the creative ways companies are helping employees avoid burning out during the pandemic … An explanation of why a lot of people will be talking about Georgia in the coming months … At-home remedies to help deal with cold and flu symptoms … How to use parental controls from Apple, Google, and Microsoft … Experts answer questions about how to navigate holiday gatherings … How the president-elect plans to fight the coronavirus pandemic.
Flying cars finally exist
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.
INDUSTRY REACTS TO PRESIDENTIAL ELECTION RESULTS
- Over the weekend, the country announced a new president-elect, former Vice President Joe Biden, and a new Vice President-elect, Sen. Kamala Harris. The pair are set to replace President Donald Trump and Vice President Mike Pence on Inauguration Day, which will be Jan. 20, 2021. A new Democratic administration could mean significant changes for how the accounts receivable management industry is regulated. AccountsRecovery.net reached out to a number of individuals in the ARM industry and asked for their thoughts about what a Biden White House will mean for the industry. Here is what 15 of them had to say.
JUDGE GRANTS MTD IN FDCPA CASE OVER ALLEGED MIS-IDENTIFIED CREDITOR, AMOUNT IN LETTER
- A District Court judge in New Jersey has granted a defendant’s motion to dismiss after it was sued for allegedly violating the Fair Debt Collection Practices Act because the plaintiff claimed the amount cited as being owed in a collection letter was inaccurate and that the plaintiff did not owe the debt to the current owner cited in the letter, which purchased the debt from the original creditor.
PROFITS UP AT PRA GROUP, CEO CITES SIDE EFFECTS OF COVID LOCKDOWN
- Profit at PRA Group was up 70% in the third quarter, to $42.5 million, compared with $25 million during the same period a year ago, according to financial data released by the company last Thursday. Kevin Stephenson, the chief executive of PRA Group, also applauded the new debt collection rule from the Consumer Financial Protection Bureau during a call with analysts to discuss the company’s earnings, calling the rule “fair and balanced” and saying it will help “level the playing field” for companies in the accounts receivable management industry.
READ EXPERT PERSPECTIVES ON TRENDING COMPLIANCE TOPICS
- Click here to read this week’s Compliance Digest. You’ll get insights and opinions from nine different compliance experts — Lauren Burnette, David Schultz, Joann Needleman, Makyla Moody, Ethan Ostroff, Brit Suttell, Helen Mac Murray, Loraine Lyons, and Aylix Jensen — 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: Definitely the saddest news I have received in a while … How to choose the perfectly sized turkey for Thanksgiving … Some of the creative ways companies are helping employees avoid burning out during the pandemic … An explanation of why a lot of people will be talking about Georgia in the coming months … At-home remedies to help deal with cold and flu symptoms … How to use parental controls from Apple, Google, and Microsoft … Experts answer questions about how to navigate holiday gatherings … How the president-elect plans to fight the coronavirus pandemic.
Flying cars finally exist
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.
