Appeals Court Affirms Dismissal of FDCPA Suit
- The Court of Appeals for the Tenth Circuit has affirmed a lower court’s dismissal of a Fair Debt Collection Practices Act suit, ruling that the defendant, a property owners association, was not considered a “debt collector” under the statute. The plaintiff, a property owner, had argued that the association violated the FDCPA in its attempts to collect unpaid fees by using different names and acronyms to make it appear as though a third party was attempting to collect on the debt.
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Daily CFPB Update
- Here is a breakdown and summary of recent developments surrounding the Consumer Financial Protection Bureau, including the Bureau’s Acting Director admitting in a court filing that the agency isn’t going to be eliminated, an endorsement for the man tapped to be the Bureau’s next director, and a report that complaint response has dropped significantly in the weeks following the firing of former director Rohit Chopra.
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Strained Budgets Put Consumers on Tighter Financial Footing
- U.S. households continued to feel the crunch in the fourth quarter of 2024, with inflation settling at 2.9% by December and 65% of consumers reporting they live paycheck to paycheck, according to a recent PYMNTS Intelligence report. A separate snapshot from Primerica’s January Household Budget Index shows that purchasing power for necessities dipped again, highlighting the sustained challenges facing middle-income Americans.
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23 Companies Seeking Collection Talent
- If the grass is always greener on the other side, then everyone should be checking out the weekly job listings summary for their next move up the career ladder. Nearly two dozen different companies across the credit and collection industry are looking for talent. See who and what by clicking on the link below.
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WORTH NOTING: Can you guess what percentage of two-year olds have their own tablet? … The food and drink that may be preventing you from getting a good night’s sleep … Is the line for what constitutes cheating changing in today’s world? … A new app will literally make you touch grass before you’re allowed to check out social media … How to write the perfect AI prompt, according to the president of OpenAI … The one amenity that most business travelers don’t want to live without … Consumer confidence fell to its largest decline in four years … The skills that workers are going to need in the age of AI.
Wisdom Wednesday, part I
Wisdom Wednesday, part II
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