Daily Digest – July 8. Judge Approves $6.8M Settlement in TCPA Case With Collector; New Payday Lending Rule Under Attack

JUDGE APPROVES $6.8M SETTLEMENT IN TCPA CASE WITH COLLECTOR

  • A District Court judge in California has approved a plaintiff’s motion for a preliminary settlement in a Telephone Consumer Protection Act case which will see a collection agency pay $6.8 million in cash and debt forgiveness after making calls using an artificial or pre-recorded voice or an automatic telephone dialing system.

NEWLY RELEASED PAYDAY LENDING RULE UNDER ATTACK FROM CONSUMER ADVOCATES

  • The Consumer Financial Protection Bureau yesterday issued its long-awaited updated payday lending rule, excluding a key provision that was included when it was originally released under former Director Richard Cordray, and unleashing a torrent of criticisms from consumer advocates, who are calling for current Director Kathleen Kraninger to resign.

TRUEACCORD RELEASES REPORT ANALYZING IMPACT OF STIMULUS CHECKS ON DEBT PAYMENTS

  • April 15 was a good day for the collection industry, after all. In fact, it may have been the best day at many agencies across the country, according to data released yesterday by TrueAccord.

SAM, INC. BECOMES CERTIFIED BROKER BY RMAI

  • Solutions for Account Management, Inc., better known as ‘SAM’, today announced that it has earned the highly regarded designation of Certified Receivables Vendor (CRV) after fulfilling the comprehensive national standards contained in RMAI’s Receivables Management Certification Program (RMCP)

WORTH NOTING: President Trump said he is going to “pressure” states to open schools this Fall … Mary Kay LeTourneau, a teacher who made headlines over her affair with a student she later married, has died … How to get two Amtrak tickets for the price of one … How to block distracting noises while working from home … While the number of coronavirus cases is soaring in the U.S., the number of deaths has remained relatively flat … The EPA has released a list of two products capable of killing coronavirus on surfaces … My daughter would be crushed if this happened … Fans of Gary Larson, rejoice.

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