Daily Digest – September 21. Mass. AG Reaches $12M Settlement With Collector; Financial Situations Worsening for Consumers

MASS. AG REACHES $12M SETTLEMENT WITH COLLECTOR

  • The settlement covers a variety of allegations, from not having proof that debts were valid to violating state laws related to call caps.
  • The $12 million breaks down to $4.5 million of restitution to consumers and ceasing to collect on $7.5 million for which a judgment could not be verified.
  • More details here.

DISMISSAL OF COLLECTION LAWSUIT NOT ENOUGH FOR PLAINTIFF TO PURSUE FDCPA SUIT

  • The plaintiff was sued for an unpaid debt, but the judge ruled the evidence was not sufficient to prove how the defendant came to obtain the underlying account.
  • The plaintiff then turned around and tried to sue, but failed to prove the defendant was not the assignee of the account.
  • More details here.

FINANCIAL SITUATION WORSENING FOR CONSUMERS

  • Twice as many people say their financial situation has worsened than those who say it has improved.
  • While people are cutting back everywhere, the number of people skipping mortgage and rent payments — especially lower-income consumers — is reaching problematic levels.
  • More details here.

21 COMPANIES SEEKING COLLECTION TALENT

  • Seeing how other companies are promoting their job openings offers ideas to help with your job descriptions, while also seeing who is hiring, and providing some market research on salary and compensation plans.
  • Companies hiring this week include: Cedar Financial, National Credit Systems, Credit Control, PRA Group, Purpose Financial, and McCarthy, Burgess & Wolff.
  • More details here.

WORTH NOTING: Why your bad boss will likely win the remote work war … The FDA wants you not to try the “Sleepy Chicken” challenge … Why you may want to make a mad dash to catch any home runs hit by Aaron Judge … Airbnb hosts want you to do chores while you’re staying at their place … How to edit or unsend iMessages … How much sleep your kids’ phones are costing them … Scammers in Minnesota swindled a pandemic aid program for $250 million … Some people are taking Halloween decorating to new levels.

How many steps should you take each day?

What makes a great leader?

The Daily Digest is sponsored by TCN. Today, contact centers need to do more with less. TCN’s cloud-based predictive dialing tools and services help clients to leverage the most sophisticated inbound, outbound, and blended calling technologies available. TCN’s award-winning platform offers multiple features to assist in compliance while improving performance with no hardware, no monthly minimums, or maintenance fees. Call 866-745-1900 or visit tcn.com today.

Check Also

Complaint Accuses Collector of Collecting on Settled Debt

EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial …

Leave a Reply

Your email address will not be published.

X