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Home Daily Digest

Daily Digest – December 16. Getting to Know Gwen Gullicksen; NY DFS Issues Proposed Debt Collection Amendment

mikegibb by mikegibb
December 16, 2021
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GETTING TO KNOW GWEN GULLICKSEN OF SENTRY CREDIT

  • Reading the answers below, how can you not believe in serendipity, fate, or destiny? It seems too naive to just say it was luck that landed Gwen Gullicksen a job at Sentry Credit 10 years ago — especially when you read that she believes she found what she was meant to do when she walked through the doors of the company for the first time. The conviction you feel as you read her answers only serves as more proof that she was meant to be here. Read on to learn more about Gwen, her Spock-like approach to collections, and how not always having a destination in mind can be a good thing. This series is sponsored by Applied Innovation.

NY DFS ISSUES PROPOSED AMENDMENT TO DEBT COLLECTION REGULATION

  • The New York Department of Financial Services yesterday released its proposed amendment to the state’s debt collection regulation, which adopts some of what is included in Regulation F, while also introducing some new wrinkles that seek to protect consumers by putting them on “a path to financial well-being,” according to the DFS’s Acting Superintendent.

JUDGE DENIES CLASS CERTIFICATION MOTION IN FDCPA CASE

  • A District Court judge in Indiana has denied a plaintiff’s motion to certify a class in a Fair Debt Collection Practices Act lawsuit, ruling that the agreement between the plaintiff and his attorney renders the plaintiff an inadequate representative for the entire class while also criticizing the plaintiff’s attorney “regarding the work that counsel has done to identify and investigate potential claims.”

REPORT LABELS POST-JUDGMENT INTEREST AS NEW ‘BATTLEGROUND’ FOR ARM INDUSTRY

  • The collection of post-judgment interest is in the news, and is being cited as a relic of “a different era” which can cost the amount of debt owed by an individual to “balloon in a way that makes it hard to” repay. The topic of post-judgment interest is becoming “a hotly contested battleground for creditors, loan buyers, and consumer advocates” who are taking to state legislatures across the country to try and reduce what can be charged.

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