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.
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