The Daily Digest is sponsored by Beam Software. A Microsoft Gold Certified Partner, Beam is a thought leader in portfolio management and collection software. They offer both cloud-based and on-premise solutions to accommodate the entire collection continuum. For more information, please visit www.beamsoftware.com or call (800) 212-2326.
JUDGE ‘RELUCTANTLY’ CERTIFIES CLASS IN FDCPA CASE CLAIMING MISDATED DEBTS
- A federal judge in Pennsylvania has “reluctantly” granted a motion to certify a case as a class-action, after plaintiffs accused a collection agency of violating the Fair Debt Collection Practices Act by accidentally aging accounts following an inputting error, even though the agency removed or subsequently updated all of the tradelines in the affected individuals’ credit reports.
GETTING TO KNOW LEX PATTERSON OF DAKCS SOFTWARE SYSTEMS
- I’ve always considered drummers to be the glue of a band. They set the tone and allow all the other musicians and instruments to work together in harmony. It’s probably no surprise then, that Lex Patterson, the president of DAKCS Software Systems, likes to spend his days interacting with all of the teams at DAKCS as well as spending time speaking with customers, and that he was a drummer “in another life,” as he puts it. Read on to learn more about Lex and the great career highlight that tells you all you need to know about him.
TWO AGENCIES BANNED FROM COLLECTING IN VIRGINIA AFTER SETTLEMENT WITH STATE AG
- A pair of debt collection operations have agreed to stop collection activity in Virginia following a settlement with the state’s attorney general. The collectors were accused of engaging in unlawful debt collection practices including contacting borrowers’ employers and implementing wage garnishments. The settlement was part of a broader agreement that also involved a handful of online lenders.
FORMER PAYDAY LENDING CEO WHO WAS INVESTIGATED BY CFPB NOW WANTS TO RUN AGENCY: REPORT
- The chief executive officer of a payday lending company which has been investigated by the Consumer Financial Protection Bureau believes that she is uniquely qualified to be the next full-time director at the agency, according to a published report.
CFPB PUBLISHES RFI ON RULEMAKING PROCESS
- The Consumer Financial Protection Bureau has issued the latest Request for Information, this time looking for insights related to its rulemaking process. Among the areas open for comment are: the mechanisms used by the CFPB for gathering information, data, and feedback; feedback about the SBREFA panel process, the content of any proposed rule, and how the CFPB processes comments on the proposed rule.
FTC, FCC ANNOUNCE POLICY FORUM, TECHNOLOGY EXPO ON FIGHTING ROBOCALLS
- The Federal Trade Commission and the Federal Communications Commission announced yesterday that they will host two joint events — a policy forum and a technology expo — on the topic of robocalls and how to stop them. The policy forum will be held March 23 at FCC headquarters. The technology expo will be held April 23 in Washington, D.C., and is called The Stop Illegal Robocalls Expo.
LAW FIRM RELEASE PRODUCT TO HELP OBTAIN, MAINTAIN STATE LICENSES
- The law firm of Buckey Sandler has announced a new licensing product, called Approved, which will be offered to financial services organizations, including debt collectors, manage the process of obtaining and maintaining state licenses.
WORTH NOTING: The head of the U.S. Forest Service has resigned following allegations of sexual harassment … A man whose girlfriend broke up with him a month before he was planning to propose is now going to give away the engagement ring to a lucky couple … How 12 rich, powerful people define success … Coca-Cola is launching its first-ever alcoholic beverage … How flipping a coin can help you make better decisions, according to science … Fewer women are wearing high heel shoes … Be wary if you use Best Buy’s Geek Squad, who are now being paid as informants for the FBI … How long you can live without water … Why owning a car will soon be considered obsolete … A 15-minute trick to make you a top performer at work … Some Alexa devices are laughing on their own and it’s creeping people out.
Anyone want to come shovel my driveway and sidewalk?
How to spot a fake Rolex
The Daily Digest is sponsored by Beam Software. A Microsoft Gold Certified Partner, Beam is a thought leader in portfolio management and collection software. They offer both cloud-based and on-premise solutions to accommodate the entire collection continuum. For more information, please visit www.beamsoftware.com or call (800) 212-2326.
