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FEDERAL GOVERNMENT STOOD BEHIND DEBT BUYER IN SUPREME COURT BRIEF
- While arguing that procedurally, and because of a lack of relevant diverging precedents, the Supreme Court should not hear the case, the United States government otherwise stood behind a debt buyer that tried to charge the same amount of interest on a credit card that had been charged by the original creditor. The terms of a loan when sold by a creditor to a debt buyer transfer to the debt buyer and should still be valid, the Solicitor General’s office said in a brief filed with the Supreme Court on the case, Midland Funding v. Madden.
HOUSE COMMITTEE INVESTIGATING CFPB ADVERTISING STRATEGY
- The House Oversight and Government Reform Committee has taken an interest in the millions of dollars being spent by the Consumer Financial Protection Bureau on advertising. The committee sent a letter to the CFPB this week, requesting information on every advertising contract the CFPB has signed during the past two fiscal years, as well as justification for why the contract was necessary.
WORTH NOTING: A study from the Department of Labor details how much more work men do than women … Budweiser is using feminism to sell beer … BancorpSouth is paying $10 million to settle charges it discriminated against minorities when making mortgage loans … Why the new overtime rules will hurt, not help, entrepreneurs … Americans want tech firms, not automakers, to drive the self-driving car forward … Canada loves Barack Obama … College graduates are getting all the new jobs … Seven tips to writing successful marketing emails … Gun ownership is at its lowest point in 40 years … Four body language tips from a champion public speaker … 10 things never to apologize for.
The Rio Olympics are a mess
Why exercise is not the best way to lose weight
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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.
