JUDGE GRANTS MTD IN FDCPA CLASS ACTION OVER ARBITRATION CLAUSE WITH DEBT BUYER
- A District Court judge in Maryland has granted a defendant’s motion to compel arbitration and dismiss a Fair Debt Collection Practices Act class action, ruling that an underlying collection suit did not violate the terms of the agreement between the creditor and the plaintiff because the actions that led the plaintiff to file the lawsuit — allegedly harassing and rude debt collection calls — occurred after the collection suit was filed.
- More details here.
DIGITAL COLLECTIONS HAVING BIG IMPACT ON EFFICIENCY AT PRA GROUP: CEO
- Digital collections and scoring analytics have made PRA Group so efficient that it likely will not ramp up its headcount, either during tax season or as the company purchases more portfolios and increases the amount of debt it can collect on, the company’s chief executive discussed during a conference call with analysts on Monday following the release of its quarterly earnings report.
- More details here.
NEW DATA PRIVACY BILL PASSED BY HOUSE FIN’L SERVICES COMMITTEE
- It pays to be the man in charge. A financial data privacy bill introduced last week by Rep. Patrick McHenry [R-N.C.], the chair of the House Financial Services Committee, was passed out of committee yesterday, and now moves to the full House of Representatives for its consideration. The bill seeks to amend the Gramm-Leach-Bliley Act by giving consumers the right to opt out of having data about them collected while creating a national standard for companies to follow.
- More details here.
21 COMPANIES SEEKING COLLECTION TALENT
- Companies like Weltman, Weinberg & Reis, Sequium Asset Solutions, Harris & Harris, Gurstel, and LendingClub are among those looking to fill vacancies in their collection operations.
- The job listings are great for those looking for work and are also great tools for companies to use as sources for ideas about what to include in their own job descriptions and to see how other companies write their job ads.
- More details here.
WORTH NOTING: A summary of yesterday’s student loan debt cancellation hearing before the Supreme Court … Irregular sleep patterns are not good for your health … For the third year in a row, the happiest city in America is … How to make sure you sound collaborative during a job interview … The worst college majors to choose if you want to make a lot of money right out of school … Things to remember before watching the new season of “The Mandalorian” … The “father” of the cell phone shares his prediction for how we will communicate in the future … Which national park has the highest death rate?
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