CFPB ISSUES POLICY STATEMENT ON WHAT CONSTITUTES ‘ABUSIVE’ PRACTICE
- The Consumer Financial Protection Bureau on Friday announced a “common-sense framework” for how it will define abusive actions under the Dodd-Frank’s prohibition against Unfair, Deceptive, or Abusive Acts and Practices.
APPEALS COURT VACATES ARBITRATION AWARD TO DEAL WITH STANDING
- The Court of Appeals for the Ninth Circuit has vacated a lower court’s conformation of an arbitration award in favor of a defendant that was sued for violating the Fair Debt Collection Practices Act during the course of a lawsuit filed against the plaintiff in state court to collect an unpaid debt.
RESEARCH SHOWS POOR GETTING WORST DEAL WHEN PAYING FOR HEALTHCARE
- Individuals in the lowest income bracket are paying more than twice as much to finance the cost of their healthcare than those who make the most money, according to a report released today by the RAND Corporation.
INSIGHTS FROM EXPERTS ON TRENDING COMPLIANCE ISSUES
- Click here to read this week’s Compliance Digest. You’ll get insights and opinions from seven different compliance experts — Nicole Strickler, David Kaminski, Kelly Knepper-Stephens, Virgina Bell Flynn, Judd Peak, Mitch Williamson, and Dennis Barton — discussing the impact of recent court cases and legislative updates. You’re not going to get that kind of varied perspective anywhere else. The Compliance Digest is sponsored by Bedard Law Group.
WORTH NOTING: Mourning the death of a basketball legend and his complicated legacy … Everyone is making coffee incorrectly … The best and worst moments from last night’s Grammy Awards, of which I watched not one minute … Las Vegas has a new slogan … RIP to the woman who introduced kiwi, and countless other fruits and vegetables, to America … The best method for evaluating someone’s job performance … Video gamers who travel rejoice! Atari is getting into the hotel business … It’s going to cost you a lot if you want to see the Super Bowl in person.
Apple Store employees answer questions
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.