Daily Digest – March 10. Trump Unlikely To Do Away With CFPB; Lawyer Lawyer Pants On Fire

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TRUMP UNLIKELY TO DO AWAY WITH CFPB: VP’S ECONOMIST SAYS

• The Consumer Financial Protection Bureau is likely to survive under President Trump, but will likely with different marching orders, the chief economist to Vice President Mike Pence said at a National Association for Business Economics conference earlier this week. “You’re going to have to have a CFPB that actually goes after bad actors, rather than trying to make policy decisions that have nothing to do with bad actors,” said Mark Calabria during his remarks.

LAWYER LAWYER PANTS ON FIRE

• This has nothing to do with collections, but it’s one of those incidents that make a journalist’s career. A lawyer in Florida was in court, defending a man accused of arson, when the e-cigarette batteries he had in his pocket windows10productkey began to overheat. Then, as smoke was billowing out of the lawyer’s pocket, he ran for the bathroom to throw the batteries in water. A lawyer, defending a man accused of arson, whose pants caught on fire. You can’t make this stuff up.

BANKRUPTCY FILINGS DECLINE 10% IN FEBRUARY

• The number of bankruptcy filings declined 10% in February, compared with the same month a year ago, according to data released by the American Bankruptcy Institute. The number of filings is expected to increase through the year as interest rates rise and consumers feel greater pressure to meet their financial obligations.

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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.