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RECAPPING YESTERDAY’S FIELD HEARING, AND EVERYTHING ELSE RELATED TO THE CFPB’S OUTLINE OF PROPOSALS
- We’ll start with a comprehensive look at everything that happened yesterday with the Consumer Financial Protection Bureau’s outline of proposals for how it plans to move forward with its debt collection rule. The CFPB broke out its proposals into three main sections. Here are summaries of what it included in each section:
- How the CFPB wants collectors to handle information
- How the CFPB wants collectors to contact and communicate with individuals
- Making sure consumers understand what collectors are doing
- For those who were not able to hear or participate in yesterday’s field hearing in Sacramento, here is a recap of the event, including most of what everyone said and a fun, new drinking game that you can play if you listen to the recap. Since the CFPB game a number of people the chance to speak their mind during the event, AccountsRecovery.net asked members of the industry what they would say if they had a microphone, two minutes and were standing in front of CFPB Director Richard Cordray. Here is how they responded. AccountsRecovery.net will have more coverage of the hearing and the proposals today and next week.
BOCK APPEAL UPHELD; CASE REMANDED BACK TO DISTRICT COURT TO DETERMINE IF PLAINTIFF HAS STANDING TO FILE SUIT
- Perhaps somewhat overshadowed by the events in Sacramento yesterday was a fairly big ruling in a fairly big court case. The Third Circuit Court of Appeals vacated the judgment against the plaintiff in Bock v. Pressler & Pressler, and remanded the case back to the District Court of the District of New Jersey to determine whether the plaintiff has legitimate standing to move forward with the suit. The appeals court applied the Supreme Court’s Spokeo ruling in making the decision.
AT&T DEVELOPING ‘STRIKE FORCE’ TO COMBAT ROBOCALLS
- AT&T is taking up the gauntlet thrown down by Tom Wheeler, the chairman of the Federal Communications Commission, and will develop a “strike force” to develop a plan to keep companies from robocalling individuals. AT&T said it hopes other wireless carriers will follow suit. The objective is to create a “Do Not Originate” list, which would automatically block calls coming from phone numbers known to make robocalls.
WORTH NOTING: Marriages where the husband is not working are 33% more likely to end in divorce, a new study reveals … Student loan debt is not hindering college graduates from becoming homeowners. Graduates are 27% more likely to own a home than homeowners who are high school graduates or who do not have student loans … Ten uncomfortable deeds that will make you more successful … How to crush your goals … Quarterback hurts himself breaking into his own house … Microsoft is shedding nearly 3,000 more jobs … Amazon, meanwhile, added 24,000 new jobs this year … Americans waste nearly $30 billion a year being lazy … Raising the minimum wage in Seattle did not do much to help workers … Seven ways to get out of bed earlier in the morning … How to make the hiccups go away.
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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.
