Home / Daily Digest / Daily Digest – May 8. Jury Reaches Decision in CFPB v. Weltman, But Judge Decides He Will Issue Final Verdict; New York State Senator Introduces Bill to Stop Autodialed Calls

Daily Digest – May 8. Jury Reaches Decision in CFPB v. Weltman, But Judge Decides He Will Issue Final Verdict; New York State Senator Introduces Bill to Stop Autodialed Calls

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.

 

JURY REACHES DECISION IN CFPB v. WELTMAN, BUT JUDGE DECIDES HE WILL ISSUE FINAL VERDICT

  • A jury has issued its decision in a lawsuit brought by the Bureau of Consumer Financial Protection (which was known as the Consumer Financial Protection Bureau when the suit was filed) against Weltman Weinberg and Reis, but the judge has decided that he will issue the final verdict in the case. The 12-member jury ruled that the collection letters did contain information that was “false, deceptive or misleading,” but when asked whether the plaintiff — the CFPB — had proved that Weltman’s lawyers were not meaningfully involved in the collections process, the jury said “no.”

 

NEW YORK STATE SENATOR INTRODUCES BILL TO STOP AUTODIALED CALLS

  • A state Senator in New York, after consulting and working with a number of consumer advocacy groups, announced plans yesterday to introduce a bill that would require a caller obtain consent before placing a call to any individual and also establish a private right of action should the law be violated.

 

HOW ARTIFICIAL INTELLIGENCE IS RESHAPING JOBS IN BANKING, INCLUDING COLLECTIONS

  • Are human debt collectors dinosaurs who will one day be replaced by chatbots and artificially intelligent-driven computers? A published report is attempting to look at how AI is changing the employment landscape in the financial services industry, and debt collections is one are the article focuses on.

 

COLUMBUS-AREA AGENCY WINS TOP WORKPLACE AWARD

  • Being open to new ideas and showing associates that their voices matter were cited as the reasons why Choice Recovery finished atop the list in a survey of the top workplaces for small companies, conducted by Columbus CEO magazine.

 

CREDIT CARD DELINQUENCY RATES RISE, BUT REMAIN LARGELY IN CHECK WITH MORE CARDS ISSUED

  • The delinquency rate among credit cards increased during the first quarter of 2018 compared with the first quarter of last year, according to data released this morning by TransUnion, but the credit bureau says that there should not be any cause of concern.

 

WORTH NOTING: The attorney general of New York resigned abruptly last night after reports he physically abused women … “Free-range” parenting is a thing and now Utah has a law allowing it … Lava flowing in Hawaii is really cool, and really scary … Open plan offices are sexist, according to new research … How to make sure the smartest people, not the loudest people, at a company get heard … If you’re going to lie about your kid having cancer to get free stuff, why visit a Syracuse football practice? … 17 Mother’s Day gifts that, and this is the most important part, are Prime eligible … How cardboard boxes are helping fight Sudden Infant Death Syndrome … Parents crossing the border illegally will now be separated from their children and prosecuted, under a new policy … Nintendo is launching an online subscription service for its Switch device … I’m rooting for them (and Winnipeg) in the playoffs.

How to stop robocallers

Very excited for this

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.

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