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PIONEER CREDIT ACCUSED OF MAKING THREATS IN COLLECTING IRS DEBTS
- A group of four Senators, led by Sen. Elizabeth Warren [D-Mass.] have gone public with their concerns regarding the collection policies and practices of Pioneer Credit Recovery, one of four collection agencies that are working on behalf of the Internal Revenue Service, according to a published report. The article cites suggestions made by Pioneer employees to individuals when trying to have those individuals resolve their unpaid debts, including asking a boss for a loan, taking out a second mortgage, or running up bills on credit cards.
APPEALS COURT RULES AGAINST CONSENT REVOCATION WHEN GIVEN AS PART OF CONTRACT AS MORE CASES MUDDY WATERS
- The right for individuals to revoke consent to be contacted has been a hot-button issue for nearly two years and the issue continues to come up again and again in lawsuits filed against collection agencies, creditors, and other participants in the ARM industry. Late last week, for example, in the case of Reyes, Jr. v. Lincoln Automotive Financial Services, the Second Circuit Court of Appeals upheld a summary judgment in favor of a creditor, ruling that an individual does not have the right to revoke consent to be contacted when the consent is granted as part of a contract. In this case, the contract was an automobile lease. The ruling came a day after LiveVox hosted a webinar on the topic of consent revocation and how it has impacted businesses, including collection agencies.
FTC GOES AFTER COLLECTOR FOR CONTINUING TO COLLECT ON PHONY PAYDAY LOANS
- The Federal Trade Commission has filed a complaint against the owner of two ARM companies and charged them with collecting on debts that were not legitimate. Anthony Swatsworth, who owned ACDI Group and Solutions to Portfolios, purchased a portfolio of phony payday loans via a broker and continued to try and collect on the loans for seven months after being notified by the broker that the loans were not real. The broker even refunded the transaction fee back to Swatsworth, who collected about $30,000 in payments from individuals.
BIG BUSINESS KEEPS WINNING IN SUPREME COURT
- The Supreme Court is getting ready to wrap up its most recent session and debt collectors featured prominently in the Court’s activities. Two wins for the industry were part of a much larger trend this session — that corporations and business interests won a lot more cases than they lost. “…the court’s docket was filled with cases involving conflicts pitting business against consumers and workers. Although they do not generate big headlines, these cases profoundly affect the lives of millions of ordinary people — and the court usually sides with business.”
WORTH NOTING: How to make a family business work across generations … Why you should stop sending “friendly reminder” emails … Four tips to sending effective cold emails … Four tips to protecting your business from cyber attacks … Why you can’t buy hot food with food stamps … The Jeep Wrangler and Cherokee are the most American-made cars on the market … Not a bad way to win a golf tournament … Millennials struggle with reining in small expenses … The cities where it costs too much to build … Mortgage lenders are not very optimistic about the future.
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The Daily Digest is sponsored by T-Max Dialer & Communications, the leader in hosted inbound and outbound dialer technology.