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HOUSE COMMITTEE CHAIRMEN ASK REGULATORS FOR FORMAL RENOUNCEMENT OF OPERATION CHOKE POINT
- The chairmen of the House Financial Services Committee and the House Judiciary Committee as well as three subcommittee chairmen sent a letter late last week to three federal regulators asking them to issue “clear and formal” policies against Operation Choke Point. The letter was sent to the Federal Reserve Board, the Office of the Comptroller of the Currency, and the Attorney General of the United States.
APPEALS COURT RULES PARTIAL REVOCATION OF CONSENT MIGHT BE POSSIBLE
- Consent is not an all-or-nothing proposition, according to a recent ruling in the Court of Appeals for the Eleventh Circuit. When a woman told a financial institution “not to call her during the day and when she was at work,” that statement may have represented a partial revocation of consent. The Appeals Court remanded the case back to the District Court level to resolve that issue.
OREGON GOV. SIGNS COLLECTION, DEBT BUYING BILL INTO LAW
- It was a formality, but it is worth noting that Oregon Gov. Kate Brown has signed into law House Bill 2356, which laid out a number of procedures and policies for debt collectors and debt buyers in the state. The law goes into effect on Jan. 1, 2018.
MILLENNIALS LOVE OF FINANCING COULD LEAD TO FINANCIAL PROBLEMS
- Millennials love financing their purchases, according to a published report. And that financing could lead to more debt collection activities when they do not pay. One such lender, Affirm, sends unpaid accounts to collections and no longer allows the individual to make any additional financed purchases.
WORTH NOTING: More Americans are coming back into the workforce … That is, unless you’re a school bus driver … President Trump’s immigration plan will cost the U.S. 4.6 million jobs during the next 20 years, according to a pair of studies … How to win an argument (according to science) … The most shocking aspects of Scientology, according to a former Scientologist’s reality TV show … Digital currency Bitcoin is now worth more than $4,000 … The increase in destination bachelor parties is getting expensive. The average bachelor party attendee is now spending more than $1,500 … Cracking the code to a perfect credit score … President Trump is reopening negotiations in the North American Free Trade Agreement … How to gain and show confidence … A new study says that one in eight Americans is an alcoholic.
Five things the iPhone still can not do
Inside the lat Kmart SuperCenter in the U.S.
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.
