Home / Daily Digest / Daily Digest – February 4. CFPB Settles With Canadian Lender; Mass. AG Reaches Settlement With Debt Buyer

Daily Digest – February 4. CFPB Settles With Canadian Lender; Mass. AG Reaches Settlement With Debt Buyer

The Daily Digest is sponsored by Microbilt. Designed to help debt collection professionals, MicroBilt’s platform of recovery and skip tracing tools provide quick, convenient, and current data that help you prioritize and successfully track people down and collect. Keep your skip tracing and debt recovery efficient and effective! Contact us to find out about our 90 Day Try Us Program. Call 800-884-4397 or visit www.microbilt.com.

CFPB SETTLES WITH CANADIAN LENDER, BARRED FROM OPERATING, COLLECTING IN THE U.S.

  • The Consumer Financial Protection Bureau on Friday announced it had reached a settlement with a group of online lenders from Canada that will permanently bar the company from operating in the United States, but which posed no financial penalty.

MASS. AG REACHES SETTLEMENT WITH DEBT BUYER OVER EDUCATION LOANS

  • A debt buyer has reached a settlement with the Attorney General of Massachusetts in relation to loans that were made to individuals that helped finance the purchase of online study guides and other educational services to students.

ARM M&A ACTIVITY COOLS OFF IN 2018, BUT LIKELY TO PICK UP THIS YEAR: CAS REPORTS

  • One step forward, one step back. The pattern for merger & acquisition (M&A) activity in the accounts receivable management industry continued in 2018, according to data released by Corporate Advisory Solutions. There were 30 deals completed in 2018, worth a total of $3.4 billion, down from 40 deals worth $6 billion in 2017.

JUDGE DECLINES TO DISMISS SUIT AFTER ATTORNEY ACCUSED OF USING REGISTERED NAME IN COLLECTION LETTER

  • A District Court judge in Georgia has denied a request for judgment on the pleadings and refused to dismiss a case filed against a collection law firm for allegedly violating the Fair Debt Collection Practices Act by using its actual, registered name in a collection letter.

DAKCS SOFTWARE SYSTEMS WELCOMES RENKIM AS LETTER VENDOR PARTNER

  • Today, collections and ARM software technology leader DAKCS Software Systems is excited to announce a partnership with Renkim as a fully integrated letter vendor. This partnership allows for greater flexibility and service, by providing new opportunities and more feature options from a great company.

WORTH NOTING: Congratulations to Patriots fans, who won another Super Bowl last night … A lot of people are expected to call out sick today … Summarizing all the commercials from last night’s game … General Motors is expected to announce a lot of layoffs today … Is this really a problem for some people? … A vending machine that I can’t afford anything at … The most dangerous cities for pedestrians … Leaving Facebook will make you happier, but does have its downside, according to a new study … Analyzing President Trump’s daily schedule … A plane crashed into a house near Los Angeles.

Critiquing movie explosions

Music Monday

The Daily Digest is sponsored by Microbilt. Designed to help debt collection professionals, MicroBilt’s platform of recovery and skip tracing tools provide quick, convenient, and current data that help you prioritize and successfully track people down and collect. Keep your skip tracing and debt recovery efficient and effective! Contact us to find out about our 90 Day Try Us Program. Call 800-884-4397 or visit www.microbilt.com

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