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.
COLLECTION AGENCY FILES RICO LAWSUIT AGAINST LEXINGTON LAW GROUP
- A collection agency has taken the incredibly bold step of accusing a number of defendants, namely the Lexington Law Group, of violating the Racketeer Influenced and Corrupt Organizations (RICO) Act because of what the plaintiff describes is a “predatory and fraudulent ‘credit repair’ scheme.” The complaint lays out a “scheme” that accuses the defendants of preying on consumers and defrauding the credit and collections community.
APPEALS COURT GLEEFULLY SMACKS DOWN UNSCRUPULOUS DEBT BUYER
- The Court of Appeals for the Fifth Circuit has upheld a lower court’s ruling in favor of a plaintiff who sued a debt buyer and collection law firm for suing the plaintiff in a different jurisdiction. The defendant, Joseph Onwuteaka, has gotten into a lot of trouble for filing more than 2,000 lawsuits in Houston against individuals in attempts to collect unpaid debts, even though many of the defendants lived far from where the suit was being filed. The state of Texas eventually caught up to him and obtained a $25 million judgment against him.
CFPB RELEASES COMPLAINT SNAPSHOT, WITH FOCUS ON DEBT COLLECTION COMPLAINTS
- In what is a bit of interesting timing, the Bureau of Consumer Financial Protection has released a monthly complaint snapshot report, and has chosen to focus on debt collection complaints. The bureau also analyzed the “unstructured” data provided in consumer complaints, namely the narratives that consumers can supply to help provide context and additional details about their concerns.
FOR NEW FTC COMMISSIONER, EVERY DAY IS TAKE YOUR DAUGHTER TO WORK DAY
- The New York Times has an interesting and inspiring profile of Rebecca Slaughter, a new commissioner at the Federal Trade Commission. What makes the profile interesting and inspiring is that she is doing her job while bringing her eight-week-old daughter, Pippa, to work with her every morning.
GC SERVICES PLANS TO HIRE FOR W.V. OFFICE
- GC Services has announced plans to hire 100 new employees for its office in Huntington, W.V., according to a published report. The new employees will bring the headcount at the Huntington office to 600.
WORTH NOTING: A wildcard entry won the National Spelling Bee yesterday, beating out 515 other participants … A jury awarded $4 to the family of a man who was killed by sherriff’s deputies in Florida … Skateboarding legend Tony Hawk talks about the worst business decision he ever made, but how it made him a better negotiator … Walmart is launching a same-day, order-by-text delivery service … Why companies need to force employees to use their vacation time … A man is suing U.S. Customs from taking his life savings from his carry-on bag even though he wasn’t charged with a crime … What was JR Smith thinking? … The CEO of Samsonite needs to learn the same lesson as every entry-level worker: never lie on your resume … This is a kick in the you-kn0w-what to those who thought they won … The bizarre lies that mothers tell their kids.
What were you doing at 19?
How well can a blind person describe someone’s face to a police sketch artist?
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.