Judge Signs Off on Settlement, $11M in Attorney’s Fees in Student Loan Collection Case
- A District Court judge in Nebraska has given final approval to a class-action settlement against a student loan servicer and awarded more than $11 million in attorney’s fees.
- More details here
More Consumers Falling Behind on Loan Payments
- Nearly 30% of consumers living in the 100 largest metropolitan areas of the United States were behind on at least one debt payment between July and September of last year, according to data released last week by LendingTree. Those debts include credit cards, auto loans, personal loans, mortgages, and student loans. Twenty-seven percent of consumers, meanwhile, have a debt that is considered to be seriously delinquent, meaning it is at least 90 days past due, and 26% had a debt in collections.
- More details here
Consumers Getting Comfortable with Filing Disputes, Chargeback Requests: Report
- Consumers across the United States disputed $83 billion of credit card charges in 2023, with each cardholder averaging nearly six chargebacks, each of them valued at $76, according to a report issued last week by Chargebacks911.
- More details here.
Compliance Digest – January 15
- David Kaminski, Chad Echols, Leslie Bender, Stefanie Jackman and Loraine Lyons — all legends of the ARM industry and all jumping in to share their opinions and perspectives in this week’s Compliance Digest, which breaks down all of the recent court rulings and other compliance topics to make sure you know everything you need to know.
- More details here.
- This series is sponsored by Bedard Law Group
WORTH NOTING: How to wake up early, even if you’re not a morning person … Just how much you need to make in 2024 to live a middle class life … Your workplace wellness program might not be as effective as you think … Questions to ask to help you decide whether to delegate or do it yourself … The “holy grail” of longevity foods that protects your body like a “suit of armor” … The five different types of marriages … The days of seeing funny messages on highway signs are over … Sully has been a household name now for 15 years.
Music Monday, part I
Music Monday, part II
The Daily Digest is sponsored by TCN. Today, contact centers need to do more with less. TCN’s cloud-based predictive dialing tools and services help clients to leverage the most sophisticated inbound, outbound, and blended calling technologies available. TCN’s award-winning platform offers multiple features to assist in compliance while improving performance with no hardware, no monthly minimums, or maintenance fees. Call 866-745-1900 or visit tcn.com today.
