Daily Digest – August 14. Appeals Court Upholds Summary Judgment in FDCPA Case; Senate Committee Schedules FCC Hearing to Discuss Robocalls

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APPEALS COURT UPHOLDS SUMMARY JUDGMENT IN FDCPA CASE

• The Court of Appeals for the Seventh Circuit has upheld a lower court’s decision that a company contracted by a mortgage servicer to conduct field investigations to determine whether individuals are still living in a property do not meet the definition of debt collectors under the Fair Debt Collection Practices Act.

 

SENATE COMMITTEE SCHEDULES HEARING TO DISCUSS ROBOCALLS

• The Senate Committee on Commerce, Science, and Transportation has scheduled a hearing for this Thursday at 10a.m., entitled “Oversight of the Federal Communications Commission.” Committee chairman Sen. John Thune [R-S.D.] has invited the four commissioners of the FCC to testify before the committee. Among the topics to be discussed are robocalls, according to a release announcing the hearing.

 

REPORT TIES OTHER DEBTS TO LIKELIHOOD OF DEFAULTING ON STUDENT LOANS

• Is it possible to predict which individuals with student loans will be the ones who end up defaulting? A research report, which includes an analysis of thousands of student loans, draws some conclusions, including those who already have a debt in collections on their credit report — specifically utility debt or medical debt — are far more likely to default than those without those blemishes on their credit reports.

 

BCFP TO STOP EXAMINATIONS RELATED TO MILITARY LENDING

• The Bureau of Consumer Financial Protection has announced it will no longer proactively examine the institutions it regulates for violations of Military Lending Act, instead deciding the law requires it to react to complaints filed by servicemembers.

 

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How pickpockets work their magic

Get a hobby, they said

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.