Home / Daily Digest / Daily Digest – April 11. Court Rules in Favor of Agency That Used ‘Settlement Offers May Have Tax Consequences’ in Letter; Mulvaney Says He May Stay at CFPB for 18 Months

Daily Digest – April 11. Court Rules in Favor of Agency That Used ‘Settlement Offers May Have Tax Consequences’ in Letter; Mulvaney Says He May Stay at CFPB for 18 Months

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.

 

COURT RULES IN FAVOR OF AGENCY THAT USED ‘SETTLEMENT OFFERS MAY HAVE TAX CONSEQUENCES’ IN LETTER

  • A judge in the District Court for the Western District of New York has sided with a debt collector and granted summary judgment over a plaintiff after the agency was sued for allegedly violating the Fair Debt Collection Practices Act by including language in a letter that referred to the tax implications of accepting a settlement offer.

 

MULVANEY BLASTS LEAKS COMING FROM CFPB, SAYS STAY AT AGENCY COULD LAST UP TO 18 MONTHS

  • Mick Mulvaney, the acting director of the CFPB, had some choice words for his employees and said he could in his post for up to a year and a half, according to published reports based on a speech he made before the Independent Community Bankers Association yesterday.
  • Mulvaney will testify before the House Financial Services Committee today at 10:00am.

 

NEARLY 70% OF RECENT COLLEGE GRADUATES DAMAGE CREDIT BY MISSING PAYMENTS: SURVEY

  • Recent college graduates are having some problems managing their finances and are making “money mistakes,” according to the results of a new survey. For example, nearly one-third of individuals who graduated college in 2016 have had a utility bill sent to collections in the past two years. And more than half have missed at least one credit card payment by at least 30 days.

 

TCN ANNOUNCES PARTNERSHIP WITH CALLMINER

  • TCN, Inc., a provider of cloud-based call center technology for enterprises, contact centers, BPOs, and collection agencies worldwide, has announced its integration partnership with CallMiner, a provider of speech and customer engagement analytics.

 

CORNERSTONE RELEASES CLIENT PORTAL

  • Cornerstone Support, Inc., a state licensing and insurance company for the ARM industry, recently unveiled a web application called Compass Online designed to provide real-time access to licensing information.

 

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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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