Judge Grants MTD in FDCPA Case Over Lack of Claims
- A District Court judge in Ohio has granted a defendant’s motion to dismiss after it was sued for allegedly violating multiple statutes, including the Fair Debt Collection Practices Act, as well as a consent decree with the Consumer Financial Protection Bureau.
- More details here
Problems With Debt Collection Tactics Cited in CFPB Report on Student Loans
- An annual report released yesterday by the Consumer Financial Protection Bureau’s education loan ombudsman notes that three out of every four complaints filed by consumers about student loans had to do with how those loans are being serviced and collected, and references “coercive debt collection practices” related to the collection of private student loans as one of the key risks and challenges impacting individuals with federal student loans.
- More details here.
Lower-Income Households Falling Further Behind on Debt Payments
- Perhaps not necessarily a surprise to anyone, consumers with lower incomes are falling increasingly behind on their finances while continuing to spend beyond their means and reporting higher debt payments every month, while higher-income earners are concentrating their finances on paying down high-interest debts like credit cards, according to a report released this week by Morning Consult. The report offers a glimpse into the state of the consumer and can help collection operations better understand the financial situations that consumers are facing and their ability to make payments on old debts.
- More details here.
28 Companies Seeking Collection Talent
- Which creditor is looking for an HR Team Leader? Which companies are looking for attorneys? What role is Cedar Financial looking to fill? Find out the answers to those questions and many more by checking out AccountsRecovery.net’s weekly job listings summary.
- More details here.
WORTH NOTING: A growing number of Americans support the idea of political violence to “save the country” … Would you risk being banned from DisneyWorld for a $6,000 bet? This man did … What most people would want if they were listed in someone’s inheritance … How to get free fries from McDonald’s every Friday through the end of the year … The best time to buy Christmas decorations, if you are looking to save money … The five features of Instagram that hook teens and harm their mental health, according to state Attorneys General … The 10 highest-paid players in the NBA today … Listening to certain kinds of music might help relieve pain as well as any medicine, according to new research.
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