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.
SEVENTH CIRCUIT OVERTURNS RULING; AGENCY DID NOT ERR IN KEEPING DEBTS SEPARATE WHEN REPORTING TO CREDIT BUREAUS
- The Seventh Circuit Court of Appeals has reversed a lower court’s ruling that a collection agency mis-stated the “character” of a debt by reporting to a credit bureau that an individual owed nine debts of $60 each instead of one debt of $540, even though each debt represented a separate visit to a physical therapy facility.
FTC GETS TRO TO SHUT DOWN PHANTOM DEBT COLLECTION SCAM
- A federal court in North Carolina has granted a temporary restraining order against a number of companies engaged in debt collection after they were accused by the Federal Trade Commission of using deceptive and unfair tactics in violation of the Fair Debt Collection Practices Act.
COLLECTION AGENCY AGREES TO $2.2 MILLION SETTLEMENT IN FCRA CASE
- A collection agency has agreed to a $2.2 million settlement after it was accused of violating the Fair Credit Reporting Act by obtaining the credit report of an individual without a permissible purpose.
TAX REFUND TOTALS DOWN 8% FROM LAST YEAR: IRS
- The numbers for the start of income tax return season for the credit and collection industry are not as great as one might hope, according to data released by the Internal Revenue Service.
BILL WOULD PREVENT STATE FROM SUSPENDING PROFESSIONAL LICENSES OF DEFAULTED STUDENT LOAN BORROWERS
- A bill has been introduced in the Georgia legislature that would prevent the state from suspending the professional licenses of individuals who default on state or federal government-backed student loans.
WORTH NOTING: A recap of last night’s Grammy Awards … How much men are planning on spending this Valentine’s Day … The biggest trends poised to disrupt businesses in the next three years … Coca-Cola has debuted its first new flavor in more than a decade … More insects are dying and that may be bad news for the planet … More than two-thirds of all bankruptcy filings are caused by medical problems, according to a new study … Another Democrat has thrown her hat into the ring to run for president in 2020 … What country did Ikea accidentally leave off a map of the world? … The worst mistake you can make on LinkedIn.
Questions about workplace romances
World records you can break
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.
