Home / Daily Digest / Daily Digest – March 6. Proposed Settlement Reached in Midland Funding Interest Rate Suit; Agency Sued Over Use of ‘Current’ in Letter

Daily Digest – March 6. Proposed Settlement Reached in Midland Funding Interest Rate Suit; Agency Sued Over Use of ‘Current’ in Letter

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.

PROPOSED SETTLEMENT REACHED IN MIDLAND FUNDING INTEREST RATE SUIT

  • A legal battle that has lasted nearly eight years and has gone up and down the legal ladder appears to be one step closer to ending, with both sides agreeing to a settlement that is awaiting approval from a District Court judge in New York.

AGENCY SUED OVER USE OF ‘CURRENT’ TO DESCRIBE BALANCE IN COLLECTION LETTER

  • A collection agency is facing a class-action lawsuit alleging it violated the Fair Debt Collection Practices Act because using the word “current” in a collection letter misled the plaintiff into believing the balance on the unpaid debt could continue increasing, even though no additional interest or fees were accruing on the debt.

TRADE GROUP OPPOSES PROPOSED CFPB DEBT COLLECTION SURVEY

  • A trade group of bankers has filed its comment and opposes a proposed survey to be conducted by the Consumer Financial Protection Bureau related to disclosures provided to individuals because the survey itself has not been subject to a comment period.

STATE AGs SUPPORT TRACED ACT EN MASSE

  • Fifty-four of the 56 members of the National Association of Attorneys General have written a letter to the Senate Committee on Commerce, Science, & Transportation seeking passage of the Telephone Robocall Abuse Criminal Enforcement and Deterrence (TRACED) Act, aimed at stopping illegal robocalls.

INVESTINET ANNOUNCS $2M EXPANSION, PLANS TO HIRE 85 NEW EMPLOYEES

  • InvestiNet, a full-service accounts receivable management firm, announced yesterday that it will invest more than $2 million to open a new office in Greenville, S.C., and will hire an additional 85 employees during the next five years.

WORTH NOTING: Mike Tyson still has some moves, even at 52 years old … President Trump helped fulfill a dying man’s wish … The average living wage needed to be comfortable in all 50 states … Unexpected reasons why employees quit, even when you thought they were happy … A Noble Prize winning psychologist is urging you not to go with your gut … Companies are stockpiling employees even if there are no jobs available, to have them around just in case … The most expensive car ever sold … Why you should be worried about machines that can read your emotions … How cell phone numbers are becoming the new Social Security numbers.

How to turn setbacks into opportunities

Alcohol-infused ice cream

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

Check Also

Daily Digest – Sept. 17. $11M Settlement in TCPA Case Against Lexington Law; More Industry Comments Filed In Response to Proposed Rule

$11M SETTLEMENT IN TCPA CASE AGAINST LEXINGTON LAW RECEIVES PRELIMINARY APPROVAL An $11 million settlement …

Leave a Reply

Your email address will not be published.

X
Skip to toolbar