Daily Digest – January 4. Collections Industry Labeled ‘Hot Mess’; Robocall Numbers Spike

COLLECTIONS INDUSTRY A ‘HOT MESS’

  • The collections industry is a “hot mess” and the industry would benefit from a national database of debts because there is no way for a consumer to “verify whether a debt collector is telling the truth,” according to a column in the American Banker. The column points to databases being built and maintained by Convoke Systems and Global Debt Registry, and includes comments from Jan Stieger, executive director of DBA International, who says she does not expect the CFPB to issue its proposed debt collection rule until 2017.

ROBOCALL NUMBERS SURGE

  • There were nearly 1 billion robocalls made to U.S. phones in the month of November, up 43% from October, according to one data provider. According to the report. 15 of the 20 most frequent dialers of robocalls were debt collectors.

WORTH NOTING:   off to a great start … Yesterday was the best day to date online … White people and Republicans are the angriest AmericansAudi is investing in a luxury car rental start-up … Tesla delivered more than 50,000 cars last year … Cyber-security is going to be a very hot job market … Tear-jerker commercials create an Internet challenge … How much the richest Americans make … The worst movies of 2015 … Seven habits to unlock your greatness … A blueprint for the first work day of 2016 … Ten CEOs make predictions for the future of business in 2016.

What to expect from this year’s CES

A look at this year’s political calendar

If you have a tip or item you would like to share, or are interested in sponsoring the Daily Digest, please contact me at [email protected].

Check Also

Daily Digest – May 26. Class-Action Accuses Collector of Using Incorrect Dates in MVN; NY DFS Fines OneMain $4.2M for Cybersecurity Failures

CLASS-ACTION ACCUSES COLLECTOR OF USING INCORRECT ITEMIZATION, VALIDATION DATES IN MVN Regulation F requires collectors …

Leave a Reply

Your email address will not be published. Required fields are marked *

X