Home / Daily Digest / Daily Digest – December 3. Appeals Court Overturns Summary Judgment in FDCPA Case Over Unpaid Tuition; How AI Can Help Keep Banks Safe From Delinquent Debts

Daily Digest – December 3. Appeals Court Overturns Summary Judgment in FDCPA Case Over Unpaid Tuition; How AI Can Help Keep Banks Safe From Delinquent Debts

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.

 

APPEALS COURT OVERTURNS SUMMARY JUDGMENT IN FDCPA CASE OVER UNPAID TUITION

  • The Third Circuit Court of Appeals has revived a lawsuit in which a collection law firm and a university were granted summary judgment after being accused of violating the Fair Debt Collection Practices Act by making false and deceptive statements.

 

HOW ARTIFICIAL INTELLIGENCE CAN KEEP BANKS SAFE FROM DELINQUENT DEBTS

  • If the financial services industry were truly using artificial intelligence the right way, there would be no delinquencies, argues the chief executive of a machine learning company, because anyone who would be likely to fall behind on their payments would be identified well before they fell behind on their payments.

 

COLUMN USES ARM INDUSTRY CONFERENCE TO HIGHLIGHT PRESIDENT’S CONTINUING CONFLICTS OF INTEREST

  • Earlier this year, Mick Mulvaney, a former Congressman who is the acting director of the Bureau of Consumer Financial Protection, famously told a ballroom full of bankers that the only way lobbyists received time to meet with him while he was in Congress was if they donated to his campaign. Needless to say, that did not go over well. Now, a column that was published last week in the Washington Post is wondering whether President Trump is going to be swayed in his regulation of the collection industry because an industry conference is going to be held at one of his hotels next year.

 

NYC LAWYERS CALL FOR END OF CRIMINAL COURT FEES

  • Lawyers in New York City are calling on state lawmakers to do away with charging court costs to individuals who are convicted of committing a crime, saying the policy unfairly harms low-income individuals.

 

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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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