Daily Digest – November 14. Has CFPB Changed Enforcement Ideology?; Former MACA President Elected To State Legislature in Michigan

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. 

DO RECENT AMICUS FILINGS INDICATE CHANGE IN CFPB ENFORCEMENT IDEOLOGY?

• Poring through the amicus briefs that have been filed by the Consumer Financial Protection Bureau, an attorney has noticed that the agency is decentralizing “some of its regulatory power by actively bolstering efforts to create or sustain new private causes of action under TILA, FCRA and FDCPA, by advancing arguments that its regulatory and enforcement powers do not necessarily pre-empt similar or parallel state law claims.” Click here for more details and an in-depth analysis of the CFPB’s amicus brief filings.

FORMER MACA PRESIDENT ELECTED TO STATE LEGISLATURE IN MICHIGAN

• In all the hubbub surrounding last week’s presidential election upset, some local races were overlooked. In Michigan, for example, Republican Daire Rendon, the former president of the Michigan Association of Collection Agencies was elected to the state legislature.

CASINO BREACH LEADS TO RELEASE OF COLLECTION AGENCY INFORMATION

• A breach at a casino in Canada has led to the release of collection notices and collection agency information to individuals who owed money to the casino. Threats have been made to release all the information that was stolen in the cyber-attack.

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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.