Daily Digest – September 27. Collector Facing Class Action for Allegedly Shortening Validation Period; CBO Puts $400B Price Tag on Student Loan Debt Cancellation Plan

COLLECTOR FACING CLASS ACTION FOR ALLEGEDLY SHORTENING VALIDATION PERIOD

  • After first getting into legal trouble because they were not including the date on the Model Validation Notice, a collector is facing a class-action suit for including the date, but allegedly not providing a full 30 days for the plaintiff to dispute the debt or seek validation.
  • The complaint alleges the defendant shortened the 30-day window by two days.
  • More details here.
  • This content is sponsored by WebRecon.

BEHIND THE CURTAIN: GORDON BECK

  • How do the leaders of the ARM industry think? What is on their minds? What drives their vision for the future of the industry and the role they will play in it?
  • To help answer those questions, AccountsRecovery.net is excited to launch a new video series, Behind the Curtain.
  • The first executive to go behind the curtain is Gordon Beck, the president and chief operating officer of Valor Intelligent Processing.
  • More details here.
  • This content is sponsored by Corporate Advisory Solutions.

HOUSE RESOLUTION CALLS FOR BANK ON SALE OF UTILITY DEBTS, RESTRICTIONS ON CREDIT REPORTING

  • Access to public utilities, like water, heat, and electricity are basic human rights and nothing should be done to prevent access to those resources, and others, according to a resolution introduced in the House of Representatives last week.
  • The resolution calls for a ban on utilities selling their unpaid debts and for a ban on “adverse” credit reporting, among other provisions.
  • More details here.

CBO PUTS $400B PRICE TAG ON STUDENT LOAN DEBT CANCELLATION PLAN

  • The plan to wipe out as much as $20,000 in unpaid student loan debts for individuals making less than $125,000 a year will erase about 25% of the total amount of student loan debt in the country, according to the report, issued by the Congressional Budget Office.
  • About 45% of income-eligible borrowers will have all of their debt forgiven.
  • More details here.

WORTH NOTING: This is a pretty cool world record to set … Nashville hot chicken is conquering America … This is one way to make an impression with your resume … Trying to answer the question why so many people are unhappy at work these days … Are you one of the 20 million users that LinkedIn used to run social experiments? … Why it’s getting harder to keep a roof over your head … What happened to the spacecraft NASA slammed into an asteroid yesterday … Another reason not to be vegan or a vegetarian.

Trailer Tuesday, part I

Trailer Tuesday, part II

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Daily Digest – December 5. Senate Bill Aims to Restrict Medical Debt Collections; Calif. Appeals Court Upholds Ruling for Creditor in RFDCPA Case

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