Daily Digest – March 24. New DBA President Shares Agenda; California AG Wins $1.1B Judgment For Illegal Debt Collections

The Daily Digest is sponsored by TCN, a leading provider of cloud-based call center technology for enterprises, contact centers, BPOs, and collection agencies worldwide. 

NEW DBA PRESIDENT SHARES AGENDA, AMBITIONS 

• The new president of DBA International has set an ambitious agenda for her term, including adding certification as a requirement to any piece of state and federal legislation that covers the debt buying industry. Trish Baxter has also made a projection that the CFPB will issue its long-awaited debt collection rule before her terms ends next February. Read more here.

CALIFORNIA AG WINS $1.1B JUDGMENT AGAINST CORINTHIAN FOR ILLEGAL DEBT COLLECTION PRACTICES

• The attorney general of California has won a $1.1 billion summary judgment against Corinthian Colleges, for the use of illegal debt collection practices, among other charges. The college would prohibit students who were behind on their payments from attending class, according to the complaint. The award culminates a nearly three-year campaign by the California AG to bring the defunct and bankrupt Corinthian to justice.

MORE YOUNGER PEOPLE GETTING APPROVED FOR CREDIT

• More younger people are receiving credit approvals, according to data from the Federal Reserve Bank of New York. While the overall approval rate increased, it increased the most for people under the age of 40, according to the report. The report also reveals that the number of people who were too discouraged to apply for credit decreased to a record-low number.

WORTH NOTING: The jobs with the largest gender pay gaps … How to ask for a favor … Companies are lining up to boycott the state of Georgia if it passes an anti-gay religious liberty bill … Are the Oakland Raiders moving to Las Vegas? … America’s best employers … Millennials are staying away from buying homes … Meanwhile, the data suggests you should have bought a home a year ago … More hackers are targeting hospitals … A millionaire at the age of 24 shares his habits for success … A top privacy advocate is leaving the Federal Trade Commission … We’re more honest with our phones than we are with our doctors.

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The Daily Digest is sponsored by TCN, a leading provider of cloud-based call center technology for enterprises, contact centers, BPOs, and collection agencies worldwide.