Daily Digest – April 22. Judge Grants MTD in Hunstein Class Action; CFPB, NY AG Sue MoneyGram

JUDGE GRANTS MTD IN HUNSTEIN CLASS-ACTION FOR LACK OF STANDING

CFPB, NY AG SUE ‘REPEAT OFFENDER’ MONEYGRAM AS COMPANY VOWS NOT TO BE ‘STRONG-ARMED’

  • Continuing to fulfill its commitment to going after repeat offenders, the Consumer Financial Protection Bureau — in partnership with the Attorney General of New York — yesterday announced a lawsuit against MoneyGram Payment Systems for “systematically and repeatedly violating” consumer protection laws by failing to deliver funds promptly and failing to train employees about how to resolve disputes.

SENATORS SPOTLIGHT COLLECTION ASPECT IN ASKING CFPB TO INVESTIGATE TRAS

  • A group of Senate Democrats have written a letter to Rohit Chopra, the Director of the Consumer Financial Protection Bureau, calling on the agency to investigate the use of Training Repayment Agreements (TRAs) which some companies use to require employees to pay a pre-determined amount of money if they leave their jobs within a certain period of time, as a means of offsetting the money that was invested in not only training the employee, but that will have to be invested to train the employee’s replacement. TRAs can turn employees into debtors, the Senators allege in their letter, and allow companies to obtain judgments that may violate consumer protection laws.

SURVEY REVEALS EMPLOYEES WANT HYBRID WORK SCHEDULES

  • We talked about this yesterday on The Talk-Off and it’s especially timely as companies across the country, including those in the accounts receivable management industry, seek to figure out whether employees need to be in the office 100% of the time, if there isn’t a need for an office at all, or if the answer lies somewhere in between the two extremes — 85% of employees in the United States want hybrid working to continue into the future, compared with 24% who want to work remote 100% of the time and 44% who want to go back to the office full-time.

WORTH NOTING: Why you still may want to consider wearing a mask while taking public transportation … A look at the life of Queen Elizabeth II, who turned 96 yesterday … What college graduates want from their employers in the age of the Great Resignation … Mortgage rates are at their highest point in 12 years … “Fake it ’til you make it” isn’t a good idea if your product is COVID test results … How the price of a cup of coffee at Starbucks compares to other chains … Mother’s Day gift ideas for the mom who doesn’t want anything … RIP, Bert Cooper … The richest billionaire in every state.

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