Judge Dismisses FDCPA Case Over Different Dates in MVNs
- A District Court judge in Pennsylvania has granted a defendant’s motion to dismiss a lawsuit that claims it violated the Fair Debt Collection Practices Act, ruling that using two different itemization dates in two different notices is not misleading or deceptive.
- More details here
Inside the CFPB Shutdown: Employees Paid But Forbidden to Work
- Depending on how you look at it, life is either really bleak or really sweet if you are currently employed by the Consumer Financial Protection Bureau, according to a published report. While the agency’s headquarters remain lit across from the White House, and paychecks continue to flow, a reported directive from the Trump administration has effectively rendered the CFPB non-functional. Employees have described the situation as demoralizing, saying they are explicitly prohibited from performing any work.
- More details here
Senators Slam Restart of Student Loan Interest Charges, Cite $27B Burden on Borrowers
- Senators Chuck Schumer, Elizabeth Warren, and Bernie Sanders are calling on Education Secretary Linda McMahon to reverse the Department of Education’s decision to resume interest charges for nearly 8 million student loan borrowers currently trapped in forbearance under the SAVE (Saving on a Valuable Education) plan. The move could cost borrowers over $27 billion in the next year, with an average monthly increase of $300 per borrower.
- More details here
31 Companies Seeking Collection Talent
- I feel like I could write a Dr. Seuss book highlighting this week’s job listings. There are jobs here and there; there are jobs everywhere. Check out this week’s listings for more than 30 different opportunities open to professionals across the country, everywhere on the corporate ladder, and in all departments of a collection operation.
- More details here
WORTH NOTING: Debt is the common thread behind rising levels of consumer stress, according to new data … Most individuals trust health information generated by artificial intelligence … A lot of physician practices nationwide are struggling financially, according to new research … The state of the economy has more consumers interested in fixing things that are broken instead of replacing them … Y’all is not just for Southerners anymore … Prices went up in June as inflation accelerated … Why some people prefer bosses who are harsh, not soft … The Commodore 64 is making a comeback.
Wisdom Wednesday, part I
Wisdom Wednesday, part II
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