Home / Daily Digest / Daily Digest – January 10. Lack of Validation Safe Harbor Causes Concern With New Oregon Law; Wortman Shares Vision Behind Move to New Firm

Daily Digest – January 10. Lack of Validation Safe Harbor Causes Concern With New Oregon Law; Wortman Shares Vision Behind Move to New Firm

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.

 

LACK OF VALIDATION SAFE HARBOR CAUSES CONCERN WITH NEW OREGON LAW

  • Debt collectors attempting to collect debts from residents of Oregon are facing a significant liability risk because a law requiring debt collectors to provided certain documents upon request within 30 days– that went into effect last week– contains no safe harbor language in the event one of the documents cannot be obtained.

 

WORTMAN SHARES VISION BEHIND MOVE TO NEW FIRM

  • Growing up, Scott E. Wortman would see the Chrysler Building in New York and wonder what it would be like to work there. Joining the law firm of Blank Rome as a partner this month, Wortman no longer has to wonder, and he couldn’t be more excited about what the future has in store.

 

DEBT BUYER SETTLES CHARGES WITH STATE AG BY TURNING OVER ACCOUNTS

  • The attorney general of Georgia now appears to be the owner of $8.8 million of receivables that have been turned over by a debt collector following a settlement between the two parties. The debt collector, Williamson and McKevie, was accused of violating the Fair Debt Collection Practices Act and the Georgia Fair Business Practices Act.

 

AVERAGE CONSUMER EXPECTS TO SPEND 10 MONTHS PAYING OFF HOLIDAY CREDIT CARD DEBT: SURVEY

  • The average consumer accumulated nearly $1,000 of debt during the holidays and are planning on spending most of 2018 paying it off, according to a survey conducted by LendEDU. The company surveyed 1,000 individuals and the average amount added to credit card balances was $998.36. Those surveyed guessed it will take more than 10 months to pay off that debt, according to the survey.

 

WORTH NOTING: A federal judge has barred President Trump from rescinding the Deferred Action for Parents of Americans (DACA) program … How hot is it right now in Australia? It’s so hot that 100,000 bats died because of the heat this past weekend … Alzheimer’s Disease is going to cost the U.S. $1 trillion unless a cure is found, according to the CEO of Merck … Amazon CEO is now richer than the GDP of 125 countries … A professional poker player shares insights into whether you’re making bad decisions or not … My sons will love this: Pizza Hut and Toyota are building a self-driving delivery truck … American babies are 76% more likely to die during their first year than infants in other rich countries, according to a new study … How much the typical kid gets in allowance … A strong earthquake struck off the coast of Honduras this morning … What you should be watching on TV this winter … The number one job if you want to make a lot of money and still have a good work-life balance is … Storms and mudslides are causing a lot of problems in Southern California.

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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.

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