Mass. AG Fines Creditor $8.75M For ‘Abusive’ Collection Tactics
- The Attorney General of Massachusetts yesterday announced an $8.75 million settlement and enforcement action with Rent-A-Center over allegations related to how it collected debts from its customers.
- More details here
Judge Denies MTD From Credit Repair Org’s Owner in FTC Suit
- The owner of a credit repair organization, who alongside a number of corporations, was sued by the Federal Trade Commission for violating the FTC Act, the Credit Repair Organizations Act, the Telemarketing Sales Rule, the Fair Credit Reporting Act, and the Gramm-Leach-Bliley Act has had his motion to dismiss denied by a federal judge.
- More details here.
CFPB Fines BofA $12M For Lying About Data Reported to Federal Gov’t
- Bank of America was fined $12 million yesterday by the Consumer Financial Protection Bureau for not reporting data about the race, ethnicity, and sex of individuals obtaining mortgage loans from the mega-bank, instead choosing to lie and say that the consumers were unwilling to provide that information.
- More details here.
22 Companies Seeking Collection Talent
- Aren’t you curious what companies are offering to pay new hires, especially if it’s for the same position you already have? Want to know who is hiring and how they are trying to attract applicants? There’s more than one reason to check out this week’s job listings summary.
- More details here.
WORTH NOTING: After declining during the pandemic, the average life expectancy of someone living in the United States is going back up … Nutritionists weigh in on what types of eggs are the best for your health … Most people just find loose change in their couch cushions. The children of Aretha Franklin are going to get a lot more after a copy of her will was found there … The number of debts the average American paid off in 2023 … Police are issuing warnings about a new feature in your iPhone … The most and least expensive places in the country to park your car … The holiday spending spree is being fueled by Buy Now, Pay Later transactions … A leading sommelier shares the best wines under $25 you should try.
Why money isn’t the key to retaining talent
Michael Oher on what “The Blind Side” didn’t tell you
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