Judge Denies Attorney’s Fees for Defense in FDCPA Case
- A District Court judge in Florida has adopted the recommendations of a Magistrate Court judge and declined a motion from a defendant for attorney’s fees in a Fair Debt Collection Practices Act case, ultimately ruling that the plaintiff’s claims were deficient, and not frivolous.
- More details here
Belief in Excessive Collection Tactics Leads CFPB to Put Small-Dollar Lender Under Federal Supervision
- For the first time, the Consumer Financial Protection Bureau has determined that the risks surrounding the conduct of a small-dollar consumer finance company are sufficient that it needs to be supervised by the Bureau, a decision that the company contested, but was unable to convince the Bureau to change its mind. A cause to believe the company engages in coercive and harassing collection practices was one of the key reasons that led to the CFPB’s decision.
- More details here
Consumers With More Credit Card Debt than Emergency Savings Hits All-Time High: Bankrate
- Another day, yet another sign that consumers are over-extended and are at risk of falling off a financial cliff. The number of consumers who are carrying more credit card debt than emergency savings has reached its highest point since Bankrate began tracking the metric 13 years ago. Thirty-six percent of consumers are in this situation, which is the second straight year that the data point has topped one-third of consumers.
- More details here.
Compliance Digest – February 26
- Six valuable opinions, from David Schultz, Aylix Jensen, Stefanie Jackman, Cooper Walker, Xerxes Martin, and Brent Yarborough, on six different new cases that impact the ARM industry are in this week’s Compliance Digest.
- More details here
- This series is sponsored by Bedard Law Group
WORTH NOTING: A security company is in hot water for showing customers live footage of other people’s houses … If you were curious how the Filet-O-Fish came to life, here is its origin story … Companies are using tech to spy on their employees’ messages … Americans were asked to put a value on the things they do outside of their workday and this is what they said … How leaders can help employees integrate self-care into their workday … Buffalo Wild Wings is giving away free wings today … What most employees fail to do after they have been laid off … The 10 U.S. cities with the best quality of life.
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.
