COLLECTION AGENCY OWNER GETS 33 MONTHS IN PRISON FOR DEFRAUDING CLIENTS
- The owner of a collection agency who pleaded guilty to charges of wire fraud and tax evasion was sentenced yesterday to 33 months in prison. Under federal law, Kevin Welsch of Fort Thomas, Kent., will have to serve at least 85% of that sentence — 28 months — before being eligible for parole.
CFPB DENIES PETITION FROM DEBT BUYER TO AMEND CID
- The Acting Director of the Consumer Financial Protection Bureau has denied a petition from a debt buying company to set aside or amend a Civil Investigative Demand that was alleged by the company to be overly broad, rejecting all of the company’s arguments.
N.Y. AG VOWS TO OVERHAUL STUDENT LOAN COLLECTION PRACTICES
- The Attorney General of New York is seeking ways to overhaul how unpaid student loans are collected, especially those incurred by individuals attending State University of New York schools, because a little-known regulation allows the AG to file suit in State Supreme Court in Albany, N.Y., regardless of where the individual with the unpaid student loan resides. This has resulted in 16,000 SUNY students who have been taken to court in the past eight years, many of which who had default judgments entered against them because they were unable to make it to their court date.
D.C. MAYOR SIGNS COLLECTION BILL INTO LAW
- Muriel Bowser, the Mayor of Washington, D.C., has signed into law a bill that overhauls how debts can be collected in the nation’s capital for 225 days starting later this month, while the authors of the legislation work on permanent changes. This information was first reported by ACA International.
WORTH NOTING: Fans of treats from McDonald’s relax, the feds are on the case … A lot of people want pumpkin spice all year long, according to new data … Vermont will pay you $7,500 to move there and work an in-demand job … How the Delta variant of COVID-19 is hurting the jobs market … Most Americans are comfortable going back to work, regardless of their coworkers’ vaccination status … We’ve all had days like this … A kid who is immune to embarrassment … This happened in the town next to the one I live in.
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Funny Friday
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