Daily Digest – October 12. Collection Operation to Forgive $23M in Debts; Banned Collector Facing Five Years in Prison

COLLECTION OPERATION TO FORGIVE $23M IN DEBTS UNDER ENFORCEMENT ACTION WITH N.C. AG

  • A group of defendants — no stranger to enforcement actions — has agreed to forgive $23 million in payments, refund $225,000 to consumers, and pay $30,000 in fines after being sued for allegedly engaging in illegal collection practices.
  • The defendants are also permanently banned from collecting debts in North Carolina.
  • More details here.

BANNED COLLECTOR FACING FIVE YEARS IN PRISON FOLLOWING GUILTY PLEA

  • Greg MacKinnon pleaded guilty yesterday to not paying more than $3 million in taxes.
  • MacKinnon and other defendants were sued in 2015 by the Federal Trade Commission and the New York Attorney General for engaging in illegal debt collection practices.
  • More details here.

MORE AMERICANS PAYING BILLS LATE. WHICH BILLS GET PUSHED TO THE SIDE FIRST?

  • Nearly one-third of Americans have paid a bill late in the last six months and the most common reason why is because they don’t have the funds to make it.
  • Forty percent of Americans said they are less able to afford their bill payments every month.
  • More details here.

23 COMPANIES SEEKING COLLECTION TALENT

  • Companies like Sofi, ProCollect, TrueAccord, PRA Group, Zwicker & Associates, and Harris & Harris are among those looking to fill vacancies in their collection operations.
  • The job listings are great for those looking for work and are also great tools for companies to use as sources for ideas about what to include in their own job descriptions and to see how other companies write their job ads.
  • More details here.

WORTH NOTING: The hot new drink? Negroni sbagliato … The most dangerous cities in America … Meet the champion of Fat Bear Week … The best wildlife photos of 2022 … When you should start taking advantage of holiday sales … Economists weigh in on what’s going to happen with mortgage rates … Research indicates that owners can not only look like their dogs, but share personality traits, too … A Washington Appeals Court says a mother’s love is priceless, but has no monetary value.

Movie Clip Wednesday, part I

Movie Clip Wednesday, part II

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

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

SENATE BILL SEEKS TO PLACE RESTRICTIONS ON MEDICAL DEBT COLLECTION A bill has been introduced …

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