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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
CONSUMER GROUPS PROVIDE CFPB WITH DEBT COLLECTION WISH LIST
- A coalition of 74 different consumer advocacy groups have written a joint letter to the Consumer Financial Protection Bureau, laying out a series of restrictions and prohibitions that should be included in the agency’s proposed debt collection rule, due to be issued in the next few months.
PRA GROUP ANNOUNCES NEW OFFICE, PLANS TO HIRE 500 NEW EMPLOYEES
- And here I was, thinking that Danville was just a fictional city in the Tri-State Area that was the setting for one of my favorite cartoons ever. But alas, Portfolio Recovery Associates is planning a $15 million investment in a real Danville, located in Virginia, that will bring 500 jobs to the region, it was announced yesterday.
REPORTS DETAIL HARASSING BEHAVIOR BY AGENCIES IN IRELAND, AUSTRALIA
- A couple of interesting stories related to collections from outside the United States. First, there is an Australian debt collector that has been ordered to pay $750,000 in penalties for trying to collect from two individuals, one of whom had suffered a stroke and could barely speak. The other is a report from the Irish Cancer Society that details how patients with cancer are often “harassed” by debt collectors.
REP. WATERS PLANS ON CALLING MULVANEY TO TESTIFY FOR CHOICES HE MADE WHEN RUNNING CFPB
- Just because he no longer works at the Consumer Financial Protection Bureau does not mean former acting director Mick Mulvaney is off the hook with Rep. Maxine Waters [D-Calif.], who will likely be the chairperson of the House Financial Services Committee when it is gaveled into session in January.
WORTH NOTING: The government is inching closer to a shutdown that would begin at midnight tonight … The Secretary of Defense resigned yesterday after clashing with the President … Hotels that limit how much you use your cell phone … Deductions you are no longer allowed to claim … How to stop procrastinating right now … Amazon is in hot water for accidentally sending someone 1,700 audio recordings of a stranger using Alexa … Being friends with the boss may end up costing you in the long run … The best movies from 2018 that you likely didn’t see … Erin Brockovich shares her secret to success.
The best way to get out of student debt
Funny Friday
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.
