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Home Daily Digest

Daily Digest – May 10. Judge Awards Plaintiff’s Counsel $206K in FCRA Case; BNPL Healthcare Startup Raises $110M

mikegibb by mikegibb
May 10, 2022
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JUDGE AWARDS PLAINTIFF’S COUNSEL $206K IN FCRA CASE

  • A District Court judge has partially lowered the attorney’s fees in a Fair Credit Reporting Act case, but only by 10%, which kept the total award to more than $206,000, $70,000 more than what the defendant sought to pay.

COMPLAINT ACCUSES COLLECTOR OF VIOLATING FDCPA, REG F OVER ATTEMPTS TO COLLECT DISCHARGED DEBT

  • A complaint has been filed in California accusing a collector of violating the Fair Debt Collection Practices Act and Regulation F by attempting to collect a debt through calls and text messages to the plaintiff’s cell phone after consent had been revoked and after the debt in question had been discharged during bankruptcy proceedings.

BNPL HEALTHCARE STARTUP RAISES $110M TO EXPAND

  • A company that bills itself as a Buy Now, Pay Later service for the healthcare industry has announced that it has raised $110 million in Series A financing to help it add more staff and expand into new territories across the United States.

PORTFOLIO SUPPLY REMAINS LOW, BUT HIGHER DEFAULT RATES ARE ON THE HORIZON: PRA GROUP CEO

  • Decreasing supply of portfolios available to be purchased led to a marked drop in the amount of portfolios purchased by PRA Group in the first quarter of 2022, according to financials released by the company yesterday, while company Chief Executive Kevin Stephenson noted that, “if history teaches us a simple lesson, more is coming,” during a conference call with analysts.

WORTH NOTING: Celebrate National Barbecue Month with this recipe for pork spare ribs … Consumers think inflation is here to stay for the foreseeable future … How to see if you qualify for free Internet from the federal government … What you can learn from the best workplaces in America … How rich do you have to be to be able to afford spending $195 million on a painting? … You may start seeing a new term: boomerang employees … The markets that are likely experiencing a housing bubble … Telltale signs that your employees are about to quit.

More on the Great Resignation and it’s impact on work

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