WHAT’S ON YOUR DOCKET?
- ProPublica is at it again. The investigative journalism site has put Capital One in its crosshairs and has done an analysis to determine that the financial institution files more lawsuits against delinquent debtors than all other lenders. In counties in Indiana where filings are available, for example, lawsuits filed by Capital One filed more suits than all other national banks combined, according to ProPublica. ProPublica also goes on to conclude that filing so many lawsuits makes the company “aggressive” at recouping losses.
COUNTY TO COLLECTION AGENCIES: CHARGE LESS
- Orange County, Florida, is going to lower the amount that its contracted collection agencies can charge delinquent debtors to 25% from 40%, because more people pay their bills when the interest rate is lower. Other collection agencies with government contracts may want to take note.
WORTH NOTING: A “pause,” “dead air,” and hearing a “click” is not enough to assume that you are being contacted by an autodialer, a Circuit Court of Appeals has confirmed … A New Mexico town is going to start outsourcing its municipal collections to a third-party agency as of Jan. 1, 2016 … Having a driver’s license may not be enough to get you on a plane anymore … Why “sleeping on it” is a flawed strategy … “Star Wars: The Force Awakens” is the fastest movie ever to make $1 billion … Seven smart financial steps to take in 2016 … Did Bill Belichick out-think himself yesterday and cost his team a win? … The 10 hottest housing markets for 2016 … What the Federal Reserve Board might do with interest rates in 2016 … A brawl involving more than 2,000 people closed a mall in Kentucky in the day after Christmas … A company that gives out $10,000 checks to employees who quit.
The worst WiFi password ever
“Sesame Street” is coming to HBO
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