Getting to Know DavidLee Richardson of Harris & Harris
- Regardless of where you are working and what you aspire to, this industry has an opportunity for you. DavidLee Richardson makes sure that people see that on a daily basis. Seeing things that nobody else can see, and asking the question nobody else has thought of are his super power. Read on to learn more about DavidLee, what he likes most at the end of the day to help him unwind, and the advice that has propelled his career.
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- This series is sponsored by TEC Services Group
CFPB Urges Court to Lift Injunction Blocking Layoffs Ahead of En Banc Hearing
- The Consumer Financial Protection Bureau has formally asked the full Court of Appeals for the District of Columbia Circuit to lift the injunction that is currently preventing it from laying off most of its workforce, arguing that the court order represents a “sweeping intrusion” into the agency’s internal management and operational authority.
- More details here
New Ed. Dept. Guidance Urges Colleges to Step Up Outreach as Defaults and Delinquencies Rise
- The Department of Education has issued new guidance urging colleges and universities to take more aggressive steps to reduce student loan delinquencies and defaults, as updated federal data show that more than 1,800 institutions now have nonpayment rates of 25% or higher. The Department is calling on schools to strengthen default management and prevention plans, expand outreach to former students who are delinquent or in default, and better prepare borrowers for repayment. The updated nonpayment data, released this week, is being positioned as an early warning sign for institutions that could later face high cohort default rates and potential loss of access to federal student aid programs.
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Judge Grants MTD in FCRA Case Over Conflicting Credit Report Data
- A District Court judge in Washington has granted a motion to dismiss filed by three credit reporting agencies in a Fair Credit Reporting Act case alleging the CRAs violated the statute because there is conflicting information on his credit reports. The court ruled that pointing to differences between how the CRAs reported the same account was not enough, by itself, to plausibly allege that any of the reporting was inaccurate or materially misleading under the FCRA.
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N.J. Appeals Court Revives Hunstein Case Over Due Process Concerns
- While this looks like a Hunstein case where a ruling in favor of the defendant was overturned, a New Jersey Appeals Court had issue with the plaintiff’s right to due process and not the merits of her argument. The ruling does not decide whether using a letter vendor violates the FDCPA. Instead, it focuses squarely on how the case was dismissed and whether the plaintiff was given a fair chance to respond before her claims were thrown out.
- More details here
WORTH NOTING: Nearly half of Americans say they receive communications that they suspect are scams every day … Vet bills are skyrocketing, and here’s why … A lawyer to the stars shares his best negotiating secret … A former staffer at the CFPB who was fired is now running for Congress in Maryland … More than one-third of teachers are unable to cover all of their monthly bills … What you can learn when you watch how people pay their bills … A guide to getting rid of stains … What to do when someone tells you to smile more.
Top 10 Thursday, part I
Top 10 Thursday, 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.
