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WITNESS LIST ANNOUNCED FOR CONGRESSIONAL TCPA HEARING
- The witness list for a hearing on “Modernizing the Telephone Consumer Protection Act” has been announced and there are no representatives from the collection industry invited to testify. The hearing, which is being held by the Communications and Technology Subcommittee for the House Energy & Commerce Committee, will take place tomorrow morning at 11:00 a.m. Invited to testify are: the CFO of an energy company, a consultant that specializes in IT and telephony, a lobbyist for a healthcare organization, and a professor.
RYAN LOCHTE SIGNS ON TO ENDORSE DEBT-BASED PERSONAL FINANCE WEBSITE
- Debt.com, an online personal finance website that claims to help consumers with credit card debt, debt collector harassment, tax debt, “and more,” has hired disgraced Olympian Ryan Lochte as a spokesperson. “Debt.com is in the business of second chances, and we believe this American swimming legend deserves and has earned one, too,” the company said in a press release announcing the endorsement deal.
VAST MAJORITY OF CONSUMERS BRACING FOR IDENTITY THEFT
- A survey of consumers revealed that 83% of them are concerned their identities will be stolen from a business or government agency in the next one-to-two years and only one-third of respondents feel that those institutions truly feel the pain associated with a data breach, according to data released by TransUnion. Those surveyed ranked two-factor authentication as the most important tool to fight identity theft.
WORTH NOTING: Sen. Elizabeth Warren pulled no punches in questioning Wells Fargo CEO John Stumpf yesterday, accusing him of “gutless leadership” … The secret to a happy marriage might be keeping small financial secrets from each other … The racial wage gap is at its widest point ever. Black men make 22% less than white men with the same educational background … Apple has filed for a new patent: for a paper bag … 21 states have joined together to sue the federal government for trying to implement new overtime rules … Tony Robbins shares some work-life balance tips … Lunches have become too expensive so more people are bringing lunch from home … A woman is suing a sex-toy manufacturer for collecting information about its customers … Donald Trump is gaining in the polls, but still trailing in cash … The Consumer Financial Protection Bureau’s complaint database is about to get its 1 millionth complaint.
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