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.
GETTING TO KNOW DAN CONSUEGRA
- Dan Consuegra may have spent more than three decades in the ARM industry, but he definitely took the long way getting here. As someone who was at Woodstock and spent time in the trucking industry working with Teamsters, representing creditors should be a piece of cake for Consuegra. A father of five who tries to get home at night to read bedtime stories for the kids who are still young enough to enjoy them, Consuegra has had to make a lot of tough decisions. Read on to learn more about him and his varied reading list.
BILL INTRODUCED TO RENAME, RESHAPE CFPB
- A quartet of House members — two Democrats and two Republicans — yesterday introduced a bill that would rename and reshape the leadership structure of the Consumer Financial Protection Bureau. The bill, if passed, would rename the CFPB the Financial Product Safety Commission and change the leadership structure from a single executive director to a five-person commission, similar to how the FTC and FCC are operated.
COURT DISMISSES CASE AGAINST AGENCY ITEMIZING INTEREST IN LETTER
- A federal judge in Illinois has acknowledged the dilemma facing debt collectors who are between “a rock and a hard place” when it comes to including information about interest and other charges or fees in a collection letter. The judge granted a motion to dismiss last week that was filed by the defendant, a collection agency.
NEARLY 10% OF FEDERAL LAWMAKERS OWE COMBINED TOTAL OF $1.8 MILLION IN UNPAID STUDENT LOANS
- Nearly one-in-10 lawmakers in the House of Representatives and the Senate have outstanding student loan debt, according to a published report. The 53 individuals owe a combined total of $1.8 million in student loans. The 53 was almost split down the middle, according to party lines. There were 28 Republicans on the list, who owe a total of $830,000. The 25 Democrats on the list owe more than $1 million.
CFPB ISSUES RFI ON ADOPTED RULES & RULEMAKING AUTHORITY
- It seems as though the Consumer Financial Protection Bureau only makes the headlines now when it announces the next in a long line of reviews of its operation. The agency announced yesterday that it was opening a review of its adopted regulations and new rulemaking authorities. This is the eighth such request the CFPB has issued in the past two months.
WORTH NOTING: The gig is up at Toys R Us … What you should never order at a fast food place … A series of scandals didn’t stop the CEO of Wells Fargo from getting a raise of nearly $5 million last year … President Trump found his next top economic advisor on TV … A study of 2,600 top executives revealed four common leadership traits … Email marketing stats everyone should know … Ford recalls 1.4 million vehicles because the steering wheels might come off … The cities with the highest and lowest salary satisfaction … The most likely March Madness upsets … Who former president Barack Obama is picking to win … Another day, another gaffe for United Airlines: this time, the company flew a Kansas-bound dog to Japan … Photos of student walkouts from across the country … What record-low unemployment looks like in America.
How success and failure exist in each one of us
A surgical resident breaks down surgery scenes from TV shows
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.
