Home / Daily Digest / Daily Digest – January 7. Industry Very Optimistic About 2019; Student Loan Servicer to Pay $9 Million in Fines

Daily Digest – January 7. Industry Very Optimistic About 2019; Student Loan Servicer to Pay $9 Million in Fines

The Daily Digest is sponsored by Microbilt. Designed to help debt collection professionals, MicroBilt’s platform of recovery and skip tracing tools provide quick, convenient, and current data that help you prioritize and successfully track people down and collect. Keep your skip tracing and debt recovery efficient and effective! Contact us to find out about our 90 Day Try Us Program. Call 800-884-4397 or visit www.microbilt.com.

INDUSTRY VERY OPTIMISTIC ABOUT 2019; MOST ALSO EXPECT COLLECTION RULE FROM CFPB

  • Members of the credit and collection industry are overwhelmingly optimistic about their prospects for 2019, even in spite of the fact that most in the industry expect the Consumer Financial Protection Bureau to issue a long-awaited proposed debt collection rule at some point this year, according to a survey conducted by AccountsRecovery.net.

STUDENT LOAN SERVICER TO PAY $9 MILLION FOR ENGAGING IN ILLEGAL PRACTICES

  • The New York Department of Financial Services and the Attorney General of New York announced on Friday that Conduent Education Services has agreed to pay $9 million in fines and penalties for “engaging in practices” that harmed student loan borrowers, including misinforming them that they had to pay the delinquent and present month payment at the same time and reporting incomplete and erroneous information to credit bureaus.

‘BACKLOG’ OF COLLECTION ISSUES LEAVES HOSPITAL UNABLE TO PAY EMPLOYEES

  • A small hospital outside of Pittsburgh has not paid its employees in more than two weeks because of a “significant backlog in accounts receivable collections” that is being rectified, according to the chief executive of the hospital’s parent company. 

APPEALS COURT UPHOLDS RULING THAT INSURANCE CARRIER NOT REQUIRED TO COVER MARKETER FOR TCPA SUIT

  • Fraudsters who take real elements from people, such as their Social Security number, name, or address., and piece them together to create a whole new person and use those fake identities to obtain loans or credit cards are causing issues for both first- and third-party collectors when they try to contact these people, Linda Straub Jones, Director of Collections Compliance for LexisNexis Risk Solutions, discusses in the video here.

WORTH NOTING: Recapping last night’s Golden Globes awards … How the Fiji Water Girl stole the show on the red carpet … Kudos to Cody Parkey for standing up after missing a game-winning field goal last night … Lowe’s is going on a hiring binge this year … How a prolonged government shutdown could hurt businesses … Pizza Hut is expanding its beer delivery service … Why you should be getting to the airport earlier if you’re flying these days … Flight attendants on Frontier Airlines flights will no longer pool their tips … A 90-year-old man has been stripped of a world record because of a positive drug test … The most in-demand skills, according to LinkedIn … Things that mentally strong parents do not do.

The most epic failure in politics

Tricks to help you read people’s minds

The Daily Digest is sponsored by Microbilt. Designed to help debt collection professionals, MicroBilt’s platform of recovery and skip tracing tools provide quick, convenient, and current data that help you prioritize and successfully track people down and collect. Keep your skip tracing and debt recovery efficient and effective! Contact us to find out about our 90 Day Try Us Program. Call 800-884-4397 or visit www.microbilt.com

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