APPEALS COURT OVERTURNS DISMISSAL OF SUIT INVOLVING COLLECTION OF COURT DEBTS
- The Court of Appeals for the Tenth Circuit has reversed a lower court’s dismissal of a lawsuit filed against a collection operation and its client — sheriffs in Oklahoma — that accused them of violating several sections of the Constitution and the Racketeer Influenced and Corrupt Organizations Act (RICO) by threatening the unlawful arrest and incarceration of impoverished individuals who are not able to pay their court fines.
- More details here.
CONSUMER COMPLAINTS ABOUT DEBT COLLECTION DROP
- The number of complaints filed with the Consumer Financial Protection Bureau increased by 61% from 2021 to 2022, but that share of those complaints that were related to debt collection dropped by 50%, according to data released as part of a report analyzing the increase in complaints that was released by the U.S. PIRG Education Fund.
- More details here.
HOW FINANCIAL INDEPENDENCE IS AFFECTING DEBT COLLECTION
- Financial independence. It’s what most people want as adults, especially if you’re a parent of one. But that is becoming harder and harder these days, especially for younger adults, and it’s forcing more parents of adult children to sacrifice their own financial situations so they can help their kids. For companies in the debt collection space that are not asking if there is a parent who can help a consumer repay his or her debt, you might want to add that into your repertoire, and maybe get used to hearing that people can’t make payments because they are too tied up helping pay off the debts of their kids.
- More details here.
23 COMPANIES SEEKING COLLECTION TALENT
- If you’re looking for a new opportunity or curious who is hiring or wondering how other companies advertise their open positions, you should check out these job listings. This week, Spring Oaks Capital, GC Services, JPMorgan Chase, Synchrony, and Inova Health System are just some of the companies who are looking for collection-related talent.
- More details here.
WORTH NOTHING: Check out the “superbloom” of wildflowers that’s happening in California thanks to all the rain and snow … A family in Michigan had a 138-year streak of giving birth to boys only broken … The world’s most expensive sandwich is being brought back in honor of National Grilled Cheese Day … Morning routines that successful people deploy to win the day … A traffic hack that may pave the way for self-driving cars … An online test to tell if you face a higher risk of dementia … The phrases that indicate your relationship is more successful than most others … An early warning sign that predicts employee turnover.
What you should be carrying in your wallet
Why AM radio must be saved
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