Home / Daily Digest / Daily Digest – September 21. Report Criticizes CFPB; State Suspends Licenses For Unpaid Student Loans

Daily Digest – September 21. Report Criticizes CFPB; State Suspends Licenses For Unpaid Student Loans

The Daily Digest is sponsored by TCN, a leading provider of cloud-based call center technology for enterprises, contact centers, BPOs, and collection agencies worldwide. 

REPORT CRITICIZES CFPB FOR ‘ACTIVELY HARMING’ CONSUMERS 

  • The Consumer Financial Protection Bureau inflicts more pain than promise, according to a report to be released today by the Competitive Enterprise Institute. The author of the report says that the CFPB should be under the supervision of all three branches of government while consumer advocates argue that independence is critical to the agency’s ability to regulate and enforce.

 

STATE STARTS SUSPENDING DRIVER’S LICENSES FOR UNPAID STUDENT LOAN DEBTS

  • Outrage has been sparked in South Dakota because the state is apparently suspending the driver’s licenses of individuals with unpaid student loan debts, even though the state says it doesn’t “deal” with student loans. South Dakota is one of the first states to centralize its collections among state agencies into one department. The state agency appears to be taking a hard line with individuals who have unpaid student loan debts.

 

BILLINGTREE COMPLETES TRIO OF AUDITS

  • BillingTree announced yesterday that it completed the PCI-DSS Level 1, version 3.2 audit. The payment processor also had audits conducted for SSAE 16 SOC 1 and HIPAA compliance. The audits were conducted by MegaplanIT.

 

TCN ANNOUNCES PARTNERSHIP WITH DEALERSOCKET

  • TCN, a provider of cloud-based call center technology, has announced a partnership with DealerSocket, a technology platform for buy-here, pay-here car dealerships. DealerSocket’s platform now includes access to TCN’s products and services.

WORTH NOTING: North Korean diplomats have racked up more than $150,000 in unpaid parking tickets in New York City … A lot of concern and more calls for additional protections after a toddler was hit in the face by a foul ball at a New York Yankees game yesterday … The 50 worst TV shows in modern history … TV ratings for NFL games are down again … Google is buying smartphone manufacturer HTC for $1.1 billion … Healthcare premiums have more than tripled this century … Take 60 seconds every day to stay in touch with your contacts … A legal battle is brewing over whether flushable wipes can be labeled as “flushable” … All of Puerto Rico is without power after being hit by Hurricane Maria … Bill Gates is sorry for Control-Alt-Delete.

Michael Eisner, the former CEO of Disney, on hiring the right people

Carpool Karaoke with the Foo Fighters

The Daily Digest is sponsored by TCN, a leading provider of cloud-based call center technology for enterprises, contact centers, BPOs, and collection agencies worldwide. 

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