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Compensation Webinar: AccountsRecovery.net is hosting a free webinar on the topic of collector compensation on Tuesday, October 25 at 1pm EDT. The webinar is sponsored by Cornerstone Support. Register here.
FDCPA SUIT NUMBERS DROPPING, FCRA & TCPA SUIT TOTALS RISING
- The number of lawsuits alleging violations of the Fair Debt Collection Practices Act continue to decline while the number of suits alleging violations of the Telephone Consumer Protection Act and the Fair Credit Reporting Act continue to rise, according to data released yesterday by WebRecon. The number of complaints filed against collectors with the Consumer Financial Protection Bureau are also dropping.
APPEALS COURT HEARS ARGUMENTS IN ACA’S TCPA CASE AGAINST FCC
- The Court of Appeals for the District of Columbia heard oral arguments yesterday in the lawsuit filed by ACA International against the Federal Communications Commission, 15 months after the suit was initially filed. The lawsuit was a reaction to changes made to the Telephone Consumer Protection Act by the FCC. While originally slated for 20 minutes of oral argument for each side, the judges asked questions for three hours during the hearing yesterday. There is no timeline for when the appeals court will issue its ruling.
LARGEST EVER TCPA SETTLEMENT DEAL REACHED; PLAINTIFFS WILL RECEIVE UP TO $76 MILLION
- In what is being described as the largest settlement ever related to a Telephone Consumer Protection Act lawsuit, a handful of companies have agreed to set aside as much as $76 million after allegedly making 900,000 robocalls to individuals offering free cruises in return for taking a political survey. Litigation had been ongoing for more than four years.
COLLECTION ATTORNEYS MUST REGISTER TO COLLECT DEBTS IN NYC
- The New York City Department of Consumer Affairs has issued a formal notice, indicating that attorneys and law firms that collect debts from residents of New York City must register as collection agencies with the city. Attorneys and law firms have until Nov. 30 to register.
WORTH NOTING: Donald Trump pretended he was a comedian at a joint fundraiser with Hillary Clinton last night … The number of individuals without bank accounts continues to decline … Ally Financial has hidden 100 “lucky” pennies in 10 cities. Each penny is worth $1,000 … Tesla will not let people who drive for Uber or Lyft use its self-driving feature … Nintendo unveiled its next gaming console, called Switch … MetLife fired Snoopy …The best bakery in every state … A new study reveals a link between an employee’s control over his or her work and their life expectancy … Busy entrepreneurs share their productivity secrets … Where your bottled water actually comes from.
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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.
