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.
JUDGE DISMISSES FDCPA SUIT OVER COLLECTION LETTER
- A District Court judge in Pennsylvania has dismissed a lawsuit filed against a collection agency after it was accused of violating the Fair Debt Collection Practices Act when it sent the plaintiff a collection letter that said “Your lack of communication may result in the enforcement of your current creditor’s rights on your contractual agreement,” because the defendant did not have the authority to file a lawsuit.
ARTICLES TOUTING INCREASE IN COLLECTION LAWSUITS LEAVE OUT KEY CAUSE
- I’ve had a couple people reach out to me in the past few days, sharing a link to an article that was published in The Wall Street Journal pronouncing that “debt collectors are making a comeback” because they are filing more lawsuits and because consumer advocates say collectors are using more “aggressive” tactics, such as collecting on time-barred debt.
MORE PEOPLE STRUGGLING TO MAKE ENDS MEET WHILE MANY ACKNOWLEDGE THEY WILL NEVER BE ABLE TO RETIRE
- Some sobering economic data to jumpstart the week paints a picture of a lot of individuals who are having a difficult time making ends meet, which provides context for collection agencies reaching out to those individuals and the potential for more business on the horizon.
THE FUTURE OF HEALTHCARE COLLECTIONS
- Everyone agrees that something has to be done to address the growing amounts of unpaid medical debts. Forcing people to pay for healthcare procedures up front leads some individuals to opt out of receiving healthcare that might be important. Sending patients a bill afterwards presents its own set of issues, as anyone working at a healthcare collection agency will tell you.
COMPLIANCE DIGEST – JULY 8
- Click here to read this week’s Compliance Digest, sponsored by Applied Innovation. You’ll get insights from six different compliance experts — Dennis Barton, Michael Klutho, Matt Kiefer, Judd Peak, Stefanie Jackman, and Virginia Bell Flynn — on important compliance topics, such as using QR codes on envelopes, a class-action FDCPA case, and the CFPB’s first amicus brief under director Kathy Kraninger. You’re not going to get that kind of varied perspective anywhere else.
WORTH NOTING: Congrats to the U.S. women’s team on winning the World Cup even though they earned only 10% of what the men did … Mariah Carey is raising the stakes on the bottle cap challenge … Why spending time with your friends is great for your health … Starbucks is apologizing after a barista asked a group of police officers to leave a store because a customer did not feel safe … How Waze can predict car crashes … For people who feel the need to combine alcohol and peanut butter … How to wash your hair.
Incredible places to spend the night
Music Monday
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.