Home / Daily Digest / Daily Digest – December 6. How One Man’s Vendetta Helped Bring Down Joel Tucker; Cordray Announces Run For Governor

Daily Digest – December 6. How One Man’s Vendetta Helped Bring Down Joel Tucker; Cordray Announces Run For Governor

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. 

HOW ONE MAN’S VENDETTA HELPED BRING DOWN JOEL TUCKER

  • Bloomberg BusinessWeek has published a must-read story about a man who was being hounded by collectors for debts he did not owe. But rather than make payments or just stop answering the phone, the man started digging. And he ended up digging all the way until he found Joel Tucker. Tucker, and his brother Scott, have gotten into a lot of trouble for selling fake portfolios of debts that have been attempted to be collected by a lot of different individuals.

 

BILL ALLOWING MICHIGAN AGENCIES TO EMPLOY LAWYERS ON SITE PASSES

  • Both houses of the Michigan legislature have approved a bill that will allow collection agencies to now employ lawyers in their offices. The bill is headed to Gov. Rick Snyder’s office for his signature to become law. He has 14 days to sign or veto the legislation. The state Senate approved the bill unanimously earlier this year. The state House of Representatives approved the bill 94-13 last week.

 

CORDRAY ANNOUNCES RUN TO BE NEXT GOVERNOR OF OHIO

  • Richard Cordray, the former director of the Consumer Financial Protection Bureau, formally entered the race to be the next governor of Ohio yesterday. Cordray, a former attorney general for the Buckeye State, had been rumored to be mulling a run for governor for several months.

 

MICK MULVANEY, LEANDRA ENGLISH HAVE YET TO MEET 

  • Mick Mulvaney, the acting director of the Consumer Financial Protection Bureau, says he has yet to speak with Leandra English, who is still fighting to be the acting director of the Consumer Financial Protection Bureau. Mulvaney says he has sent some emails to English, including one directing her to stop using the title “acting director” when communicating with employees at the agency. Mulvaney also said he has no plans to fire English, who is suing for the right to be named acting director.

 

BILL INTRODUCED IN CONGRESS TO AMEND FDCPA

  • Rep. Vincente Gonzalez [D-Texas], a member of the House Financial Services Committee, yesterday introduced legislation in the House of Representatives that would amend the Fair Debt Collection Practices Act.

 

FLOCK SPECIALTY FINANCE FORMS PARTNERSHIP WITH CMAX FOUNDER

  • Michael Bernstein, the owner of MEB Finance Solutions and one of the founders of CMAX Finance, and Flock Specialty Finance have formed a partnership to help finance debt buyers and their purchases of portfolios.

WORTH NOTING: The number of flu cases so far this year is twice as high as last year’s total at this time … Russia has been banned from participating in February’s Winter Olympics … A “surge” in online orders is causing a delay in delivering packages by UPS … The most valuable teams in the NHL … The top trending videos in 2017 from YouTube … The greatest risk to security is the people you trust … The 20 best places to work in 2018 … What first-time homebuyers don’t know about the mortgage process … Here are 50 thoughtful gifts that your dad wants for Christmas … Pizza Hut wants to bring you beer and wine along with your pie … There is “overwhelming” evidence that the stock market is heading for a crash … President Trump is making waves in Israel … Congestion pricing caused some people in Virginia to pay $40 to drive 10 miles.

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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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