Judge Approves Settlement in FDCPA Class Action That Exceeds 1% Net Worth Cap
- Collectors that choose to settle Fair Debt Collection Practices Act lawsuits for amounts that exceed the cap established by the statute are making their own bed and should not be restricted from doing so, a Magistrate Court judge in New Jersey has ruled, granting preliminary approval of a settlement in an FDCPA class action.
- More details here
Visa, Mastercard to Lower Interchange Fees, Settling 20-Year-Old Suit
- Visa and Mastercard yesterday announced a settlement in a long-running class action that will see the card processing giants lower the fees they charge merchants for credit cards transactions and cap those fees for five years.
- More details here
CFPB, FTC Ramping Up Tech Capabilities, Staff
- Recognizing the growing importance of technology in financial services, the Consumer Financial Protection Bureau and the Federal Trade Commission yesterday issued statements indicating how both agencies will be ramping up the size and scope of their technology capabilities to keep pace with the rapidly evolving tech ecosystem.
- More details here
27 Companies Seeking Collection Talent
- A lot of collection companies are hiring right now, for a lot of different positions. Check out a summary of who is hiring, and for what, in this week’s job listing summary. Whether you are looking for a new gig, or just looking for ideas or inspiration, it’s worth a click.
- More details here
WORTH NOTING: Now that Spring is on the way, here is the best patio furniture and how to shop for it … Someone here in The Garden State is my new best friend … Why renting is a better bet in many markets across the United States … If you are feeling burned out and unproductive, you may want to try intentional inflexibility … Why your tax refund may be taking longer … Ten things never to do at all-inclusive resorts … If it’s one thing we’ve all been amazed by, it’s how fast that bridge fell. Here’s why … Why you shouldn’t avoid going to the bathroom at work.
Mind-Bending Riddles
Tips to help you better connect with humans
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.
