N.Y. AG REACHES $600k SETTLEMENT WITH STUDENT LOAN COLLECTOR
- The Attorney General of New York has reached a settlement with Transworld Systems which will see the collector pay $600,000 in restitution to affected individuals and make changes to how it collects on student loans.
JUDGE GRANTS MTD IN OVERSHADOWING CASE
- In a case that was first spotlighted by Manny Newburger from Barron & Newburger, a District Court judge in New York has granted a defendant’s motion to dismiss a class-action Fair Debt Collection Practices Act suit, mainly because she understood that, sometimes, you need both sides of the page to include everything that needs to be included in a collection letter.
SENATE COMMITTEE TO MARK UP E-SIGN MODERNIZATION BILL TOMORROW
- The Senate Commerce Committee is expected to mark up a number of bills during a hearing tomorrow, including S. 4159, the E-SIGN Modernization Act, which was introduced this past summer by a trio of Republicans.
AMBULANCE RIDES DRIVING MANY PATIENTS INTO COLLECTIONS: REPORT
- Riding in an ambulance makes most people feel like they are the last one to leave a party at a restaurant, because they are getting stuck with the check, according to a published report that details how many emergency medical services are not covered by health insurance plans, leaving individuals, especially those suffering a medical emergency, facing hefty bills and communications from debt collectors.
WORTH NOTING: Possible signs of life on Venus … It could be four years until the whole world to have a coronavirus vaccine … The best business book ever written, according to Bill Gates and Warren Buffett … How to get free spicy McNuggets tomorrow … Tech companies are letting employees work from home, in exchange for lower salaries … For people who are looking to spend $70,000 on their next SUV … Five cyclones are alive in the Atlantic Ocean simultaneously for only the second time in history … Smoke from the wildfires in Oregon and California can be seen as far away as Virginia and New York.
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