ADVOCATES SHARE FEELINGS ABOUT PROVISIONS OF PART II OF CFPB DEBT COLLECTION RULE
- Now that Part II of the Consumer Financial Protection Bureau’s debt collection rule has been released, consumer advocates can finally get a fuller sense of what protections are being put in place for consumers, and they are having no problem sharing how they really feel about the provisions of the rule.
LONG ON PROBLEMS, SHORT ON SOLUTIONS
- As I have gotten older and lazier, I have come to adopt a saying that I think is very wise, especially for someone like me — don’t bring me a problem, bring me a solution. I was reminded of that clever saying as I read yet another article spotlighting another hospital for having to sue patients to collect on unpaid debts. This time, it was a hospital in Wisconsin that was exposed as being too aggressive, especially in a pandemic, for suing individuals who have not paid their bills. That is a problem, for sure. But while the article spells out in great detail how there are people who are not able to pay their debts, it is short on providing solutions to help those individuals — and the healthcare facilities that need that money to stay in business — solve their problem.
CONSUMERS’ FINANCIAL FRAGILITY REMAINS PERILOUS
- Data that was released this week by the Federal Reserve Board of New York reminded me of a great line I remember from the original “Men in Black.” Tommy Lee Jones is trying to explain to Will Smith why everyone in the world has not been told that there are aliens coming and going from Earth like they are dropping in for a coffee at Starbucks. He says …
WORTH NOTING: A lot fewer students, especially those from rural areas, are going to college these days … Now you can play video games and keep chicken warm at the same time … The top money lessons of 2020 … For anyone wondering how much house they would be able to afford in North Pole, Alaska … Have you shaken your last hand? … The car models that were discontinued in 2020 … Looking back on the 2020 COVID-19 pandemic, in photos … It’s a little old, but 900 cars going through a Dairy Queen drive-thru in Minnesota paid it forward … It didn’t take long for NBA games to start being postponed because of COVID-19.
How to gift wrap like a pro
How working from home might be hurting the planet
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.
ADVOCATES SHARE FEELINGS ABOUT PROVISIONS OF PART II OF CFPB DEBT COLLECTION RULE
- Now that Part II of the Consumer Financial Protection Bureau’s debt collection rule has been released, consumer advocates can finally get a fuller sense of what protections are being put in place for consumers, and they are having no problem sharing how they really feel about the provisions of the rule.
LONG ON PROBLEMS, SHORT ON SOLUTIONS
- As I have gotten older and lazier, I have come to adopt a saying that I think is very wise, especially for someone like me — don’t bring me a problem, bring me a solution. I was reminded of that clever saying as I read yet another article spotlighting another hospital for having to sue patients to collect on unpaid debts. This time, it was a hospital in Wisconsin that was exposed as being too aggressive, especially in a pandemic, for suing individuals who have not paid their bills. That is a problem, for sure. But while the article spells out in great detail how there are people who are not able to pay their debts, it is short on providing solutions to help those individuals — and the healthcare facilities that need that money to stay in business — solve their problem.
CONSUMERS’ FINANCIAL FRAGILITY REMAINS PERILOUS
- Data that was released this week by the Federal Reserve Board of New York reminded me of a great line I remember from the original “Men in Black.” Tommy Lee Jones is trying to explain to Will Smith why everyone in the world has not been told that there are aliens coming and going from Earth like they are dropping in for a coffee at Starbucks. He says …
WORTH NOTING: A lot fewer students, especially those from rural areas, are going to college these days … Now you can play video games and keep chicken warm at the same time … The top money lessons of 2020 … For anyone wondering how much house they would be able to afford in North Pole, Alaska … Have you shaken your last hand? … The car models that were discontinued in 2020 … Looking back on the 2020 COVID-19 pandemic, in photos … It’s a little old, but 900 cars going through a Dairy Queen drive-thru in Minnesota paid it forward … It didn’t take long for NBA games to start being postponed because of COVID-19.
How to gift wrap like a pro
How working from home might be hurting the planet
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.
