Daily Digest – July 5. Getting to Know Jeremy Mapes; Judge Denies Motion to Dismiss FDCPA Case Over Electronic Payment Language in Letter

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 JEREMY MAPES

• Only a small number of people are fortunate enough to find their true calling in their first job and parlay that into a successful career. Jeremy Mapes is one of those few people. Mapes’s clients and the many people he has worked with over the years are certainly happy that he fell into the collections business and has never looked elsewhere. Read on to learn more about Mapes and why you might not want to bet his fee on a hand of poker with him.

 

JUDGE DENIES MOTION TO DISMISS FDCPA CASE OVER ELECTRONIC PAYMENT LANGUAGE IN LETTER

• A judge for the District Court for the Northern District of Illinois has denied a motion to dismiss a lawsuit from a collection agency after it was sued by an individual alleging the company violated the Fair Debt Collection Practices Act because it did not list all the ways that the individual could revoke consent to have a payment automatically withdrawn from her bank account.

 

LAW PROFESSOR BLASTS KRANINGER PICK TO LEAD BCFP

• As the countdown to the confirmation hearing for Kathy Kraninger ticks down inside two weeks, a law professor and former economist for the House Financial Services Committee has come out and blasted the nomination, saying director of the Bureau of Consumer Financial Protection is “too important” and “too powerful” to be “left to an unqualified nominee.”

 

AUDIT REPORT SPOTLIGHTS POTENTIAL IDENTITY MANAGEMENT ISSUE WITHIN BCFP COMPLAINT PORTAL

• The security controls within the tool used by the Bureau of Consumer Financial Protection to accept and manage consumer complaints are “operating effectively,” but the agency “can strengthen controls in the area of identity and access management to ensure that the security control environment for” the portal remain effective, according to a report from the Federal Reserve Board’s Office of the Inspector General.

 

ENTREPRENEURS WIN $25K FOR BUILDING ONLINE DEBT COLLECTION MARKETPLACE

• A pair of entrepreneurs who built a platform that matches small businesses with collection agencies to help collect on unpaid accounts have won a $25,000 award from the University of Texas at Dallas.

 

WORTH NOTING: Two people died after a tree branch fell on them while they were watching a fireworks show in Illinois … A woman in Texas is being accused of selling one child and attempting to sell two more … The death of the unpaid internship … Would you want a treadmill desk? … I have the best shark repellent – not swimming in the ocean … If you’re not in shape, maybe it’s because you live in a poor state … Photos of how Americans spent their 4th of July … Office napping — definitely a movement I can lay down and support … Here are 12 ways to cut your food bill … Cirque du Soleil has bought the company that produces “Paw Patrol.” I can’t wait to see what comes of that acquisition.

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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.