JUDGE GRANTS MTD OVER MISSING PHRASE IN DISPUTE DISCLOSURE
- While it would have been wise to indicate that any portion of an unpaid debt could be disputed, a District Court judge in New York has nonetheless granted a defendant’s motion to dismiss after it was sued for not including that statement in a disclosure that was part of a collection letter.
GROUP UPDATES INTERACTIVE DATA MAP BREAKING DOWN DEBT BY TYPE, GEOGRAPHY, DEMOGRAPHICS
- The Urban Institute has updated its interactive map that breaks down “Debt in America” to a very granular level. For example, fewer people in Louisiana have a debt in collection than were in that situation two years ago when the data was first released, but that state still leads the nation with 44% of its residents having a debt in collection, compared with 31% for the country as a whole.
THOSE WITH HIGHER NET WORTHS ALSO HAVE HIGHER AMOUNTS OF CREDIT CARD DEBT
- Even richer people can have a lot of debt, according to the results of a survey released by Bankrate.com.
INSIGHTS FROM EXPERTS ON TRENDING COMPLIANCE TOPICS
- Click here to read this week’s Compliance Digest, sponsored by Applied Innovation. You’ll get insights and opinions from eight different compliance experts — Michael Klutho, Amy Jonker, Boyd Gentry, Rick Perr, Laurie Nelson, Helen Mac Murray, Stefanie Jackman, and Brit Suttell — discussing the impact of recent court cases and legislative updates. You’re not going to get that kind of varied perspective anywhere else.
WORTH NOTING: How a sore throat led to a $28,000 medical bill … Seattle just had the darkest day in its history … The best last-minute gift ideas … Inside a $10 million home built to resemble something out of “Star Trek” … The jobs that will be “obliterated” by artificial intelligence … Why no two snowflakes are alike … Eddie Murphy came back to “Saturday Night Live” … Using graphics to explain the biggest moments of 2019 … What a 69-vehicle accident looks like.
A day in the life of a Neanderthal
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.