Home / Daily Digest / Daily Digest – December 4. Appeals Court Upholds Dismissal of FDCPA Suit; BCFP Name Change Would Cost Companies $300 Million

Daily Digest – December 4. Appeals Court Upholds Dismissal of FDCPA Suit; BCFP Name Change Would Cost Companies $300 Million

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 UPHOLDS DISMISSAL OF FDCPA SUIT OVER LANGUAGE IN LETTER

  • The Court of Appeals for the Eleventh Circuit has upheld the dismissal of a lawsuit against a collection agency that was accused of violating the Fair Debt Collection Practices Act because of confusing language in a letter sent to the plaintiff. What makes the case interesting is that back in March, the plaintiff’s attorney published a press release announcing the filing of the class-action suit.

 

BCFP NAME CHANGE WOULD COST COMPANIES REGULATED BY AGENCY $300 MILLION

  • Officially changing the name of the Consumer Financial Protection Bureau to the Bureau of Consumer Financial Protection would cost the companies regulated by the agency more than $300 million, according to a published report, which obtained a copy of an internal analysis conducted by the regulator.

 

STUDY REVEALS DEBT COLLECTION RAISES RISK OF SUICIDE ATTEMPTS

  • A very interesting study from the United Kingdom reveals that 100,000 individuals across the pond attempt to commit suicide every year because they are mired in “heavy debt.” An additional 420,000 people think about ending their lives because of the despair they feel as a result of their debt burdens.

 

APPEALS COURT UPHOLDS $1.3 BILLION FINE AGAINST PAYDAY LOAN SCAMMER

  • The Court of Appeals for the Ninth Circuit has upheld a lower court’s summary judgment ruling in favor of the Federal Trade Commission against Scott Tucker, who was convicted and sentenced to nearly 17 years in prison and ordered to repay nearly $1.3 billion as a result of his role in a payday lending scam.

 

WORTH NOTING: Would you turn down $30 million to spend more time with your family? … Why it is common for one spouse to die soon after the other has passed … Robot janitors are coming to Walmart … Millennials want everyone to know they are not the reason that tuna sales are falling … What your co-workers think of you if you have a messy desk … 70% of people say they are actively looking for a new job … The actors who have appeared in the worst-reviewed movies of the past 20 years. Don’t click if you’re a fan of Jessica Alba … Today is National Cookie Day … Did you know Eddie Murphy has 10 kids? … A planned pay raise for federal workers has been canceled … My teenager wants the same things as every other teenager this Christmas, it looks like … Meet a man who has lived on a cruise ship for the past 13 years.

Why you should read “A Midsummer Night’s Dream”

Myths you keep believing

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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