Daily Digest – June 27. Hensarling Releases Draft of CFPB Overhaul Bill; Three Words To Help You Win Negotiations

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. 

HENSARLING RELEASES DRAFT OF CFPB OVERHAUL BILL 

• Rep. Jeb Hensarling [R-Texas], chairman of the House Financial Services Committee, has released a draft of his Financial CHOICE Act, which, among other things, would dramatically overhaul the Consumer Financial Protection Bureau, and officially bring an end to Operation Choke Point. The bill would alter the leadership structure of the CFPB, turning it into a bi-partisan committee — similar to the Federal Trade Commission or Federal Communications Commission — from a one-person directorship. The bill would also change the name of the CFPB to the Consumer Financial Opportunity Commission.

CT TOWN GIVES UP ON TRYING TO COLLECT $100K IN UNPAID TAXES

• The town of Montville, Ct., is choosing to stop trying to collect more than $100,000 in unpaid taxes because the effort has been deemed not worth it. The individuals on the list will be marked as uncollectible.

WORTH NOTING: More bad news for for-profit colleges … Private equity firms are taking over more and more public services, like firefighting and ambulances, often with dire consequences … How to pitch an idea like Mark Cuban … The five hottest companies in the financial technology industry … After a huge miss in last night’s game, Argentine soccer player Lionel Messi said he is retiring from national team play … How U.S. banks could suffer in the wake of “Brexit” … Does a garage door opener really need a bluetooth speaker? … The most unaffordable place to live in the U.S. is Brooklyn … Who you are most likely to marry, based on your job.

Three words to help you win negotiations

Five science experiments you can do at home

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].

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.