Getting to Know Jeff Gordy of FCR Collection Services
- With software, all things are possible. Which means that, as far as Jeff Gordy is concerned, there is always a solution. Solving problems is just one of the things that he loves, maybe as much as a good bourbon. Read on to learn more about Jeff, how his faith has helped his career, and why he likes the afternoons most of all.
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- This series is sponsored by TEC Services Group
CFPB Seeks to Reduce Headcount by 50%
- The Trump Administration is now asking a federal appeals court to approve a scaled-back plan to cut the Consumer Financial Protection Bureau’s workforce by more than half, signaling a strategic pivot after months of legal setbacks. Under the revised proposal, CFPB staffing would fall to 556 employees from roughly 1,174 today, replacing an earlier plan that sought to eliminate up to 90% of the agency. The move, filed in a motion with the Court of Appeals for the D.C. Circuit, is designed to convince judges that the Bureau can be dramatically downsized without being effectively dismantled, a distinction that could determine the CFPB’s fate.
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N.Y. State Court Aligns with Federal Standing Requirement in FCRA Dismissal
- A State Court judge in New York has, possibly for the first time, ruled that plaintiffs need to have suffered a concrete injury in order to pursue Fair Credit Reporting Act claims in state court, granting a defendant’s motion to dismiss. The decision represents a notable development, particularly as plaintiffs have increasingly attempted to bring FCRA claims in state courts to avoid the stricter standing requirements imposed in federal courts.
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Colorado Medical Debt Collection Bill Defeated in Committee Vote
- A Colorado medical debt collection bill that would have significantly restricted how providers and agencies pursue unpaid balances has been defeated in committee, according to a published report, marking another notable win for hospitals and a pause in the state’s push to further regulate collections. The proposal, House Bill 1267, failed on an 8-to-5 vote in the House Health and Human Services Committee, with bipartisan opposition driven largely by concerns over the financial stability of healthcare providers, particularly in rural communities.
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Early Settlement Offer Comes Back Into Focus as Judge Slashes FDCPA Fee Request
- A District Court judge in California has reduced the attorneys’ fees sought in a Fair Debt Collection Practices Act case by about two-thirds, noting that the parties “could potentially have avoided all litigation” after the case ended up settling for what the defendant had offered much earlier in the process.
- More details here
Invenio Financial Appoints Rebekah Luebcke as Chief Operating Officer
- Invenio Financial, a PCA Global Ventures company and global leader in specialty debt portfolio acquisitions and management, today announced the appointment of Rebekah Luebcke as Chief Operating Officer. Luebcke will oversee daily operations and drive operational strategy as the company continues to scale within the accounts receivable management and fintech sectors.
- More details here
WORTH NOTING: More sage advice from the Oracle of Omaha, Warren Buffett … When people check their work email while on vacation, they are usually motivated by fear, according to new research … A look at interest rates and perks being offered by credit card lenders … How to make money off your spring cleaning … People share their biggest travel pet peeves … Takeaways from last night’s presidential address about the situation in Iran … A number of communication habits that actually annoy your co-workers … A weakness that many of the busiest leaders tend to share.
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.
