Daily Digest – June 2. Comments on CFPB Task Force Yield Interesting Data Points; Judge Grants MTD in FDCPA Case Over Balance Discrepancy

COMMENTS ON CFPB TASK FORCE YIELD INTERESTING INSIGHTS, DATA POINTS

  • The comment period closed yesterday on a Request for Information released by the Consumer Financial Protection Bureau related to the creation of a task force that would be charged with harmonizing and modernizing federal consumer laws. While there weren’t many comments filed, there were many strong opinions and some interesting data points about debt collection that were submitted.

JUDGE GRANTS MTD IN FDCPA CASE OVER BALANCE DISCREPANCY

  • A note to plaintiffs everywhere — if you are going to sue a collection agency for violating the Fair Debt Collection Practices Act because a collection letter does not identify the original creditor properly, do not indicate that the debt is being disputed because the care you received was “inadequate.”

HOSPITALS SUFFER WORST MONTH EVER

  • It will likely not come as a surprise to anyone, but hospitals across the country had their worst financial month ever in April, as revenue and expenses moved in opposite directions, but not in the good way, according to a report.

ROBOCALL NUMBERS TAKE BIG DROP

  • Lost amid the many larger problems affecting individuals across the United States and the world is an interesting data point that should make executives across the credit and collection industry feel more optimistic: the number of robocalls has plunged significantly during the past eight months.

WORTH NOTING: A lot of people are struggling with insomnia. Here is some advice to help fall asleep … It looks like some protestors are trying to drown their feelings in booze … Are more banks going to get robbed because people are wearing facemasks? One regulator thinks so … The economic impact of COVID-19 will take decades to undo … Father’s Day is around the corner. Here are some gift ideas … Which is going to be safer? A hotel or an Airbnb? … How Hollywood will adapt to the coronavirus … I have to agree that I hoped this would have been better.

How to maintain your air conditioner

When is a pandemic over?

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