Getting to Know Michael Cassidy of Velocity Portfolio Group
- Michael Cassidy is being too hard on himself. While he makes it seem like being known for sending extra long and detailed emails might not be a good thing, his detailed answers below paint a picture of someone who is thoughtful and comprehensive. And that probably explains why though he may have happened into this industry by chance, he’s consistently moved up the ladder during his two decades as an ARM professional. Read on to learn more about Michael, and you can wonder, too, whether he enjoys both of his guilty pleasures at the same time.
- More details here
- This series is sponsored by TEC Services Group
Legend of the ARM Industry: Phil Rosenthal
- To be a legend, it takes more than longevity. In fact, the longer you spend in your chosen field, the more adaptable you have to be to changing times. The accounts receivable management industry has changed a lot over the years, but one of the constants has been Phil Rosenthal. Rosenthal, who runs Nationwide Credit Corp., has been in the industry for nearly 60 years. While that fact alone is amazing, the fact that he has not just lasted, but thrived for that amount of time is a testament to his character and his ability to adapt. That’s what makes him a Legend of the ARM industry.
- More details here
- This series is sponsored by Applied Innovation
CFPB, FTC File Brief in FDCPA Convenience Fee Case
- The Consumer Financial Protection Bureau and the Federal Trade Commission have filed an amicus brief in a Fair Debt Collection Practices Act case before the Court of Appeals for the Eleventh Circuit over the defendant charging convenience or “pay-to-pay” fees when consumers made payments by phone or online, arguing that the defendant is incorrect in stating that Section 1692f(1) of the FDCPA doesn’t apply to convenience fees and that the fees in question are permitted by law.
- More details here.
Collection Firm to Pay $655K in Restitution, Fines For Not Filing Satisfactions of Judgment on Time
- The Attorney General of New York yesterday announced an Assurance of Discontinuance with a collection law firm and its subsidiary that will see it pay $655,600 in fines and restitution to consumers. The restitution — $595,000 of the total — will go to consumers who had judgments against them, but the firms failed to file satisfactions of judgment in a timely manner during the COVID-19 pandemic.
- More details here
- Read a response to the press release by clicking here.
WORTH NOTING: Now Wendy’s says it isn’t planning on rolling out dynamic pricing … How much you need to have to be in the 1% … With Spring around the corner, here are the seven best lawn mowers for keeping the perfect yard … A woman was sitting on a winning lottery ticket for months and didn’t even realize it … Consumers want to keep spending money instead of saving it … Eavesdropping on his wife’s work calls while she was working at home is going to cost this guy a lot … Everything you need to know if you ever wanted to rent your home out as a film location … NFL players ranked their locker rooms.
Top 10 Thursday, part I
Top 10 Thursday, part II
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