Appeals Court Overturns Ruling in FCRA Dispute Case
- The Court of Appeals for the Third Circuit has overturned a summary judgment ruling in favor of a defendant that was sued for violating the Fair Credit Reporting Act because it reported an overdue balance to the credit reporting agencies after receiving notice that the balance was being disputed by the plaintiffs.
- More details here
Virginia Enacts Medical Debt Collection Law
- The Governor of Virginia has signed a medical debt collection bill into law that will place limits on how healthcare debts owed by Virginians are able to be collected.
- More details here
CFPB Drops Enforcement of BNPL Regulation
- The Consumer Financial Protection Bureau announced yesterday that it will no longer prioritize enforcement of a Biden-era rule treating Buy Now, Pay Later (BNPL) firms like credit card issuers under the Truth in Lending Act. The CFPB is also considering rescinding the rule entirely, marking another rollback of regulations under the Trump Administration.
- More details here
22 Companies Seeking Collection Talent
- Regardless of your stop on the way up the corporate ladder, this week’s job listings summary has something for you. And, nearly 25% of the listings are for companies hiring remotely, so you may not even have to move. Check out all the listings by clicking on the link below.
- More details here
WORTH NOTING: Students may look forward to this time of the year, but parents do not … With the weather getting warmer and more people heading outdoors, here is a list of some handy grilling tools … Ten surprising facts about papal conclaves … Nearly 60% of consumers believe they will never get out of debt … Employees are using AI faster than companies can create guardrails and rules about how the technology should be used … Your gut may be the epicenter of your moral compass, according to new research …Skills are the new currency and are becoming more important than degrees … Amazon has developed a robot that has the sense of touch.
Wisdom Wednesday, part I
Wisdom Wednesday, part II
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