Complaint Accuses Collector of Filing Suit After Debt Had Been Paid
- This particular complaint boils down to communication — communication between the original creditor and the consumer and then the collector and the consumer.
- More details here
- This series is sponsored by WebRecon
Judge Denies Competing Summary Judgment Motions in FDCPA Case Over BK
- A Magistrate Court judge in Illinois has denied competing summary judgment motions in a Fair Debt Collection Practices Act case, ruling the plaintiff failed to follow proper procedure and that the defendant is not entitled to the FDCPA’s bona fide error defense that it initiated collection activity on a debt that had been discharged in bankruptcy because some of the alleged infractions occurred after the defendant of bankruptcy.
- More details here
Encore Capital Reports Net Loss for 2023, but Says 2024 is Shaping Up to be a Banner Year
- A $238 million impairment as a result of low purchase volumes by its European division darkened the financial results for Encore Capital Group this week, but the company says it is poised to capitalize on a number of economic and market conditions that are in its favor for 2024.
- More details here.
Ed. Dept. Cancels $1.2B More in Student Loans
- The Department of Education announced this week that it is forgiving another $1.2 billion of student loans for 153,000 borrowers who are eligible for shortened time to forgiveness under President Biden’s Saving on a Valuable Education (SAVE) Plan.
- More details here
State Raises Nearly $23,000 for Special Olympics
- On a recent Saturday morning, 10 State team members jumped into the freezing waters of Madison, Wis., to raise money for Special Olympics!
- More details here
WORTH NOTING: RIP to one of the greatest hockey characters of all time … Sufferers of Chronic Fatigue Syndrome might be closer to some answers about their illness … How to order at a restaurant when you are trying to lose weight … What do you get when you combine pizza and fried chicken? … Companies are luring employees back to the office through their sense of smell … The most financially distressed cities in the United States … Mark Cuban wants you to not follow your passion … Photos of never-before-seen creatures living in an underwater mountain that is bigger than the Himalayas.
Funny Friday, part I
Funny Friday, part II
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