Daily Digest – February 14. Getting to Know Eric Burgos of Automated Collection Services; Judge Denies Motion to Dismiss in Letter Case

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.

GETTING TO KNOW ERIC BURGOS OF AUTOMATED COLLECTION SERVICES

• If there is another director of compliance who works at a collection agency who also wanted to be a DJ and is a “rabid amateur urbanist,” then we all need to play the lottery tonight. It’s hard to believe that someone else out there has the same eclectic tastes as Eric Burgos, and that just goes to prove how cool it is to read the origin stories of people who work in the credit and collection industry. Read on to learn more about Eric and how he doesn’t feel any guilt about his guilty pleasure.

JUDGE DENIES MOTION TO DISMISS OVER USING STATUTORY DISPUTE LANGUAGE IN LETTER

• A District Court judge in Pennsylvania has added to the confusion about what is and what is not allowed in a validation letter after denying a motion to dismiss a class-action lawsuit that was filed against a collection agency for allegedly violating the Fair Debt Collection Practices Act with respect to how a debt must be disputed.

NEW REPORT HIGHLIGHTS NEED FOR FEDERAL PRIVACY LAW AS SENATORS SEEK FEEDBACK ON POSSIBLE LEGISLATION

• Coincidentally, a pair of Senators kicked off a push for data privacy legislation on the same day that a General Accountability Office report recommended that Congress enact Internet privacy legislation to further protect consumers.

30% OF AMERICANS HAVE MORE CREDIT CARD DEBT THAN SAVINGS: SURVEY

• Today’s sign that an economic apocalypse is on the way: Only 44% of Americans have more savings than credit card debt, according to a survey conducted by Bankrate.com, which represents the lowest figure in the nine years that the site has been tracking the data point.

ENFORCEMENT ACTIVITY AT STATE, FEDERAL LEVEL SHOWED MARKED DECLINE IN 2018: REPORT

• The number of enforcement actions undertaken by state and federal regulators in 2018 was 52% less than the number from 2017 and 64% less than 2016, according to a report issued yesterday by the law firm of Goodwin Procter.

WORTH NOTING: When your shared streaming password outlasts your relationship … A dead man is a step closer to being reelected as mayor of a town in Oklahoma … The most effective machine to use at the gym … The richest towns in the United States … Two simple questions to help you grow as a leader … A weird, and gross, conspiracy theory about pizzas at Chuck E. Cheese … Debt is a dating deal-breaker for a lot of people … The most reliable cars for 2019 … The tales of a private skiing instructor … Comedians share stories from their most disastrous dates.

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Inside Candy Crush’s office

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.