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INDICTED SCAMMERS BILKED $200,000 IN FAKE DEBTS, PROSECUTORS ALLEGE
- A group of more than 300 individuals paid a trio of scammers more than $200,000 in fake debts, according to an charges that were read during an initial appearance today in a federal courthouse in Georgia. The three individuals — Alex Plumb, a U.K. native of the United Kingdom and Georgia residents Jennifer Smith and Derron Washington — were indicted on one count of conspiracy to commit wire fraud and 11 counts of wire fraud.
NUMBER OF UNPAID ELECTRIC BILLS SKYROCKETING
- The number of households that are having their electricity turned off because of non-payment is skyrocketing, according to a published report. In Texas, for example, the number of homes without electricity has tripled in the past 10 years, to 900,000. In California, the number is the highest i.e. has ever been. The amount of unpaid electrical bills is $1.3 billion nationwide, according to an industry trade group.
SCHOOL BOARD WRESTLING WITH USING AGENCY TO GO AFTER UNPAID LUNCHES
- A Maryland school district is wrestling with whether to continue using a collection agency to try and recover unpaid lunch fees. While most agree that something needs to be done, a group of parents are voicing their displeasure with the idea, even though the school board says it is trying to do what it can to recover $47,000 in unpaid fees. Under the school board’s policy, only accounts where the unpaid balance exceeds $100 would be eligible for collections.
CFPB SUES DEBT RELIEF COMPANIES FOR ALLEGING TIES TO GOVERNMENT
- The Consumer Financial Protection Bureau has filed a lawsuit against a pair of debt relief companies, alleging that they were falsely presenting themselves as being affiliated with the federal government. The CFPB also alleged that the companies falsely promised to eliminate debts and improve credit scores after charging thousands in upfront fees. The two companies, Federal Debt Assistance Association, LLC and Financial Document Assistance Administration, Inc., both operated as FDAA.
HOUSE COMMITTEE PASSES BILL AGAINST OPERATION CHOKE POINT
- The House Financial Services Committee voted on, and passed, a number of bills yesterday, including proposed legislation that would prevent a recurrence of Operation Choke Point. The bill, the Financial Institution Consumer Protection Act — H.R. 2706 — is sponsored by Rep. Blaine Luetkemeyer [R-Mo.].
WORTH NOTING: Happy Friday the 13th. Here is why people fear the number 13 … How much it costs to be in a long-distance relationship … President Trump made a surprise late-night decision that could affect healthcare for millions of Americans … The White House is stepping up its efforts to pick the next chair of the Federal Reserve Board … Tired of pumpkin spice? How about a buffalo-sauce flavored latte? … What it takes to build a billion-dollar company … Coming to the defense of Harvey Weinstein may not be the best business decision someone could make … Michael Jordan thinks that 28 teams in the NBA are going to be “garbage” this season … The fires raging in California are now the deadliest ever in the state’s history.
What if the world were just one big country?
Making art out of pennies
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.
