Home / Daily Digest / Daily Digest – July 18. Agency Owner Shares Tips for Companies Looking to Buy or Sell; Debt Buyer Ordered to Repay $25 Million After Losing Lawsuit

Daily Digest – July 18. Agency Owner Shares Tips for Companies Looking to Buy or Sell; Debt Buyer Ordered to Repay $25 Million After Losing Lawsuit

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AGENCY OWNER SHARES TIPS FOR COMPANIES LOOKING TO BUY OR SELL

  • The acquisition of American Healthcare Outsourcing Alternatives just fell into the lap of FCS BPO owner Raj Chhabria thanks to an offhand comment during a phone call, but Chhabria acknowledges that not all acquisitions will be so serendipitous. Chhabria, during an exclusive interview with AccountsRecovery.net, had been and continues to actively be on the lookout for acquisitions targets. He provided a number of tips and ideas to companies that are looking to either buy or sell as M&A activity in the sector remains hot.

DEBT BUYER ORDERED TO REPAY $25 MILLION AFTER LOSING LAWSUIT

  • Joseph Onwuteaka has been ordered to repay $25 million in fines and more than $500,000 in attorneys fees after being found guilty of violating a number of state laws, including the Texas Debt Collection Act. Onwuteaka was found guilty last month of violating the Deceptive Trade Practices Act by filing nearly 900 lawsuits in Harris County, Texas against individuals who neither lived in the county nor signed their underlying loan documents in that county.

ACA PROVIDES UPDATES ON SUIT AGAINST FCC

  • The lawyers representing ACA International in its case against the Federal Communications Commission provided an updated on the suit at ACA’s convention in Seattle. A decision on the suit, which was filed more than two years ago, is expected anytime, according to the lawyers.

FTC STOPS SCAMMERS WHO WERE PRETENDING TO BE LAWYERS

  • A pair of Florida companies, Hardco Holdings and S&H Financial Group Inc., and a pair of individuals — Daryl M. Hall and Dequan M. Sicard — have been charged with violating the Fair Debt Collection Practices Act for allegedly calling individuals, some of them who did not even have a debt in the first place, and pretended to be lawyers. The scheme netted nearly $700,00, according to a copy of the complaint, which can be accessed here.

FTC ANNOUNCES REFORMS TO CID PROCESS

  • Maureen Ohlhausen, the acting chairman of the Federal Trade Commission, announced a series of reforms yesterday aimed at streamlining and improving transparency in investigations undertaken by the agency. The Bureau announced five steps it is taking with respect to its Civil Investigative Demands, the most common tool known to the ARM industry when dealing with the FTC.

LOST PAPERWORK MAY VOID $5 BILLION OF PRIVATE STUDENT LOANS

  • Missing paperwork may be the nail in the coffin that voids $5 billion of private student loans. The National Collegiate Student Loan Trusts h0lds $12 billion of student loan debt, and nearly $5 billion of that debt is in default. The New York Times has a lengthy report on the issues facing the Trust and how its “shoddy” handling of paperwork may be a harbinger of more problems to come.

WORTH NOTING: More hotels are changing their cancellation policies and it could cost you more money … At long last, a definitive analysis of the most oft-used emojis on Facebook … Great advice from Roger Federer and he only needed five words to say it … The pope doesn’t like complainers … The one thing you should never ever do at your job … Pizza Hut announced it is hiring 3,000 delivery drivers per month ever month during the rest of 2017 … Abandoning hopes of replacing the Affordable Care Act, Congress will now plan to try and repeal the legislation … Eleven things to help you get ready faster in the morning … Worries about the president’s health as his stress level mounts … Who knew there was data to back up the benefits of sleeping naked.

I love the they are making a sequel for “The Incredibles”

A woman thought her eye was just itchy. Turns out she had 27 contacts lenses in it

If you have a tip or item you would like to share, or are interested in sponsoring the Daily Digest, please contact me at mike@canvasbusinessmedia.com.

The Daily Digest is sponsored by T-Max Dialer & Communications, the leader in hosted inbound and outbound dialer technology.

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