Home / Daily Digest / Daily Digest – January 11. Judge Denies Request For Injunction Removing Mulvaney as CFPB Acting Director; Internal Report Slams IRS’s Debt Collection Program

Daily Digest – January 11. Judge Denies Request For Injunction Removing Mulvaney as CFPB Acting Director; Internal Report Slams IRS’s Debt Collection Program

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 DENIES REQUEST FOR PRELIMINARY INJUNCTION REMOVING MULVANEY AS CFPB ACTING DIRECTOR

  • A federal judge has denied a request for a preliminary injunction from Leandra English, who is suing the president of the United States because she believes she should be the rightful acting director of the Consumer Financial Protection Bureau. This move leaves open the possibility of English filing an appeal of this decision to the Court of Appeals for the D.C. Circuit.

 

INTERNAL REPORT SLAMS IRS’S PRIVATE DEBT COLLECTION PROGRAM

  • A report released yesterday from the IRS’s Taxpayer Advocate takes the tax agency’s private debt collection operation out to the woodshed. The total cost of the program — $20 million — is three times higher than the amount collected by the private collection agencies, according to the report. In fact, the letter that the IRS sends to individuals notifying them that their debt is about to placed with a private collection agency is generating 40% as much as the efforts of the collection agencies themselves.

 

GETTING TO KNOW ANDREW ROBINSON OF ASSOCIATED CREDIT SERVICES

  • Andrew Robinson grew up wanting to look under rocks. Some would say he’s still doing that today. Still a collector of minerals, Andrew may have given up on his career as a geologist, but his career in debt collection has been just as rewarding. You’ll definitely be able to catch this early riser before the sun goes up most days, but be sure to catch him before he hits the wall later. Read on to learn more about Andrew and why his happiness is driven by a purpose that is bigger than money.

 

TWO-THIRDS OF AMERICANS BELIEVE THEY WILL DIE IN DEBT: SURVEY

  • Nearly 70% of Americans believe they will never get out of debt, according to the results of a survey conducted by Creditcards.com. Individuals who have taken out payday loans and those with medical debts are the most pessimistic about paying off their debts, according to the survey.

 

WORTH NOTING: The ex-wife of a state legislator who killed himself amid a sexual assault investigation called him a “coward” … An armed heist led to the theft of millions of dollars in jewels from a Paris hotel boutique … The most popular vehicles from 2017 were cars, not SUVs … Ten ways to immediately improve your listening and networking skills … You are made by the people you say “no” to … How to lower your housing costs … The cities in which its better to rent than buy … Immigration officials raided nearly 100 7-Eleven stores today looking for undocumented immigrants … Toyota and Mazda are building a massive manufacturing plant in Alabama … The fight over what pregnant women should eat … Diet Coke has a new look and new flavors.

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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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