Daily Digest – July 23. Crypto Firm Hires Kraninger; House Passes Bill to Help FTC Levy Fines

CRYPTO FIRM HIRES FORMER CFPB DIRECTOR KRANINGER TO BE LOBBYIST

  • Almost six months to the day that she resigned as Director of the Consumer Financial Protection Bureau, Kathy Kraninger has landed a new job — she is the new top regulatory official for Solidus Labs, a cryptocurrrency startup founded by former employees of Goldman Sachs.

HOUSE PASSES BILL TO GIVE FTC BACK ITS FINANCIAL POWER

  • The House of Representatives this week passed a bill that aims to restore the Federal Trade Commission’s ability to seek monetary redress in court, after a Supreme Court ruling determined that Congress did not intend to give the regulator that power.

PRODIGAL RAISES $12M IN SERIES A FUNDING

  • More proof that there is plenty of interest from investors in the accounts receivable management industry came yesterday, in the form of a $12 million Series A funding announcement from Prodigal, a technology company that provides an automation platform for debt buyers, debt collectors, and creditors rights law firms.

I TYPE, THEREFORE I AM

  • What do people think of engaging with chatbots when visiting a company’s website? For the most part, people do not like to be duped into thinking they are interacting with a real person, but when the chatbot makes a mistake or is unable to resolve a problem, people were actually relieved to find out they were not speaking with a real person, according to a study that was published recently in the Journal of Service Management.

WORTH NOTING: What is the same, and what is different, at these Olympic games … Can you guess in which sport a 66-year-old grandmother is still able to compete? … House prices across the country have risen nearly 25% in the past year … The case for scheduling every minute of your day … More perks that companies are offering to find new workers … Used car prices might finally be coming back down to Earth … The best time travel movies of all time … What you need to know about “buy now, pay later” loans.

All the financial advice you will ever need

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Daily Digest – September 17. Judge Grants MTD in Case Over Allegedly Insufficient Validation Information; How Pandemic Affected Debt Burdens

JUDGE GRANTS MTD IN FDCPA CASE OVER ALLEGEDLY INSUFFICIENT VALIDATION INFORMATION There is no doubt …

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