Home / Daily Digest / Daily Digest – April 12. Democrats Let Mulvaney Off Hook; Plaintiff Gets $3.6 Million in Damages For FDCPA, RESPA Violations

Daily Digest – April 12. Democrats Let Mulvaney Off Hook; Plaintiff Gets $3.6 Million in Damages For FDCPA, RESPA Violations

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.

 

DEMOCRATS LET MULVANEY OFF THE HOOK DURING TESTIMONY

  • Having spent four months waiting for their chance to grill Mick Mulvaney, the acting director of the Consumer Financial Protection Bureau, Democrats on the House Financial Services Committee dropped the ball yesterday, instead choosing to spend their five minutes of question time posturing or seeking to score cheap political points rather than going after an agency that has largely done nothing more than send out Requests For Information asking everyone whether they think the CFPB should be doing what it was created to do.

 

PLAINTIFF GETS $3.6M IN DAMAGES FOR FDCPA, RESPA, STATE VIOLATIONS

  • An individual has been awarded $3.6 million in damages after accusing a loan servicer of violating the Fair Debt Collection Practices Act, the Illinois Consumer Fraud Act, and the Real Estate Settlement and Procedures Act. The primary problem a mistakenly coded account with a “dismissed” bankruptcy notation instead of a “discharged” notation.

 

CFPB PUBLISHES RFI ON CONSUMER COMPLAINT DATABASE

  • The Consumer Financial Protection Bureau is finally at the end of the line after releasing the last in a series of 12 Requests For Information, seeking input on how the federal regulator manages its entire operation. The last RFI was issued yesterday, on the topic of how the bureau handles consumer complaints and inquiries.

 

WOMAN STEPS UP TO HELP OUT FAMILIES WITH UNPAID DEBTS

  • A woman in Helena, Montana has started a fundraising drive to help wipe out $100,000 in debts for individuals who have unpaid school lunch bills with the local school district.

 

WORTH NOTING: Speaker Paul Ryan’s decision not to run again is a big problem for Republicans heading into the midterm elections …   The Missouri legislature is considering impeaching Governor Eric Greitens after a report revealed sexual and physical abuse of a woman he admitted having an affair with … A woman is being slammed for letting her kid eat a PB&J sandwich in a department store … And the fruit or vegetable with the most pesticide residue on it, for the third year in a row, is … The data that Facebook has on you is scary … Gmail is getting a major redesign … How to maximize your productivity gains … Stickers that warn you about repairs voiding your warranty are “nonsense” … Who will be the next coach of the New York Knicks? … Making cigarettes more expensive could save 450 million years of lives … The world’s most admired people … The murder that shook Iceland … A house that burned in Silicon Valley is now on sale for $800,000 … The highest-paid players in baseball.

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Bad kitchen habits you need to stop now

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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