Some quick links to start your Wednesday. Consumer Reports released its list of the most reliable car brands … The federal government is close to establishing standards for how student loans are serviced … Wells Fargo is shifting strategy and will now look outside its existing customer base for new credit card customers … The 25 best jobs for managing a work-life balance … ESPN is laying off 350 employees … Happy “Back To The Future” day … The Silicon Valley version of living in a van down by the river … Ten words that make you sound unprofessional … Ferrari is worth $10 billion.
- Similar to what’s happening in Florida, the legal system in Massachusetts is taking a look at whether probation officers and other members of the corrections system should be debt collectors. About 75% of criminal defendants in Massachusetts are indigent and imposing fees on them turns probation officers into collectors, said a state Supreme Judicial Court Judge yesterday.
- Judicial Corrections Services, a for-profit collection company that specialized in collecting municipal court fines, has left the state of Alabama following numerous legal challenges to its business model. It was attacked because it imposes an additional monthly fee for defendants who are unable to pay the fine in full.
- A school district in Minnesota is resorting to hiring a collections agency to collect $160,000 in unpaid lunches.
Video of a “debt collector” trying to collect a debt on a street in New York City
Inside the offices of Credit Karma
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