OCC Fines Amex $15M For Lax Oversight of Third Party Affiliates
- In an announcement that is likely to have every creditor — especially those in the financial services industry — reaching out to their third-party partners, the Office of the Comptroller of the Currency yesterday announced that American Express National Bank has paid a $15 million fine for not properly governing or overseeing how a third-party affiliate was interacting with the bank’s customers.
- More details here.
New Report Aims to Help Consumers Avoid, Dispute Unnecessary Medical Bills
- Consumers are being provided with a new playbook on how to handle unpaid medical debts that are placed with collection agencies, as part of a new report from the U.S. PIRG Education Fund and Community Catalyst that aims to inform consumers about their rights when it comes to medical bills.
- More details here.
N.Y. State Court Judge Grants Summary Judgment for Defense in FDCPA Case Over Validation Response
- In a case that was defended by Jonathan Robbin and the team at J. Robbin law, a state court judge in New York has granted a defendant’s motion for summary judgment and dismissed a plaintiff’s Fair Debt Collection Practices Act complaint that accused a collector of violating the statute for sending a letter that identified the current creditor on the account — which purchased the debt from the original creditor — which was allegedly deceptive and misleading and not supplying the information requested when the plaintiff sought validation of the debt.
- More details here.
22 Companies Seeking Collection Talent
- The CFPB is looking to fill a couple of positions that you might be interested in. And a creditor is looking for a vice president of collections. Curious which one? Another creditor is looking for a senior coordinator for credit and collections. Those are just some of the nearly two dozen different jobs in this week’s job listings summary. Check them all out by clicking on the link below.
- More details here.
WORTH NOTHING: Job seekers are hiding information on their resume using white color to help their chances of getting past automated screening systems … The advantages that rich kids get when it comes to college aren’t a myth, according to new research … Another reason not to ride roller coasters – flying cell phones … Why you may want to consider turning the volume up on the office sound system … Automation might be coming for your job faster than you think … Skittles has a new flavor and I doubt anyone will guess it … Nearly $73 trillion of assets will be handed down through inheritances in the next two decades … Mick Jagger’s 80 greatest moments, in honor of his 80th birthday.
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Things you didn’t know that have an expiration date
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