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The Daily Digest is sponsored by Beam Software. A Microsoft Gold Certified Partner, Beam is a thought leader in portfolio management and collection software. They offer both cloud-based and on-premise solutions to accommodate the entire collection continuum. For more information, please visit www.beamsoftware.com or call (800) 212-2326.   GETTING TO …

The Bureau of Consumer Financial Protection is still on track to issue a proposed debt collection rule by next March, according to a blog posted to the bureau’s website by the agency’s assistant director of regulation. The update was part of the Fall rule making agenda, published yesterday by Kelly …

A class-action lawsuit has been filed against GC Services, alleging the company is being too aggressive in collecting unpaid tax debts on behalf of the state of Michigan. Collection letters being sent by the company are not clear enough that they are coming from a private collection agency and not …

The First Circuit Court of Appeals has reversed a lower court’s ruling that certified a class action even though there were individuals who were part of the class who had not suffered a concrete injury. The ruling is another in a series of cases involving the subject of uninjured class …

  For the first time, the subject of the Getting to Know profile includes a puzzle. Can you figure out what reality TV show Hunter Quinn was on? While that appearance may be his claim to fame, his career in the ARM industry has been his calling. The consummate team …

The Daily Digest is sponsored by Beam Software. A Microsoft Gold Certified Partner, Beam is a thought leader in portfolio management and collection software. They offer both cloud-based and on-premise solutions to accommodate the entire collection continuum. For more information, please visit www.beamsoftware.com or call (800) 212-2326.   JUDGE WARNS …

More Americans are cutting back on their spending and having too much debt is one of the primary reasons for the decrease, according to the results of a survey conducted by Bankrate.com. Two-thirds of those who were surveyed said they are limiting their spending, according to the survey, and years …

How to do away with those nasty surprise medical bills that a patient receives when he or she is discharged from the hospital — a sticker shock known as balance billing — continues to dominate the healthcare news cycle, as more solutions are offered. Balance billing occurs when a hospital …

The amount of payment fraud for general transactions and credit card payments increased by 36% between 2012 and 2015, according to data released yesterday by the Federal Reserve Board. The largest increase was in card-related fraud, which accounted for 78% of all instances, compared with 14% for ACH and 9% …

The Federal Trade Commission has announced it will publish the consumer complaints it receives on a quarterly basis going forward, increasing the frequency from the annual publication it had been making. In making the data more available, the FTC has also unveiled a new data visualization tool that offers dashboards and …

A federal judge in Florida has denied a defendant’s motion to dismiss a class-action lawsuit alleging the company violated the Fair Debt Collection Practices Act and the Florida Consumer Collections Act by charging a convenience fee when making monthly withdrawals from the plaintiff’s bank account. A copy of the ruling …

The Daily Digest is sponsored by Beam Software. A Microsoft Gold Certified Partner, Beam is a thought leader in portfolio management and collection software. They offer both cloud-based and on-premise solutions to accommodate the entire collection continuum. For more information, please visit www.beamsoftware.com or call (800) 212-2326.   BCFP WORKING …

A bill has been introduce in Congress that would allow employers to contribute to the student loan repayment efforts of their employees, similar to how contributions to 401(k) programs work. Sen. Cory Gardner [R-Colo.] last week introduced the Student Loan Repayment Acceleration Act, which would allow employers to contribute up to …

Maybe Operation Choke Point isn’t over after all. Rep. Blaine Luetkemeyer [R-Mo.] is calling for an investigation into the Federal Deposit Insurance Corp., and the Office of the Comptroller of the Currency — two national banking regulators — after unsealed court documents revealed “blatant discrimination and bias” from officials at …

Mick Mulvaney, the acting director of the Bureau of Consumer Financial Protection, announced yesterday that the agency is working on a rule to codify what has been considered one of the most amorphous, yet harmful, words in the BCFP’s lexicon: abusive. While there have long been laws that banned practices …