The Daily Digest is sponsored by Microbilt. Designed to help debt collection professionals, MicroBilt’s platform of recovery and skip tracing tools provide quick, convenient, and current data that help you prioritize and successfully track people down and collect. Keep your skip tracing and debt recovery efficient and effective! Contact us to find out about our 90 Day Try Us Program. Call 800-884-4397 or visit www.microbilt.com.
JUDGE LOWERS ATTORNEY AWARD IN FDCPA CASE BY 62%
- A Magistrate Court judge in Wisconsin has cut the amount sought by plaintiff’s attorneys who were awarded summary judgment in a Fair Debt Collection Practices Act case by nearly two-thirds, lowering both the hourly rate and the number of hours awarded that were submitted by the plaintiff.
SUPREME COURT RULES ON CLASS ACTION REMOVAL IN CASE THAT COULD HAVE IMPLICATIONS FOR COLLECTION INDUSTRY
- The Supreme Court yesterday affirmed decisions from the District Court and Appeals Court that a third-party defendant can not use the Class Action Fairness Act (CAFA) to remove a state court action to federal court in a case that started as a run-of-the-mill collection suit.
ANALYZING NEW BATCH OF PROPOSED RULE COMMENTS, INCLUDING DETAILS OF MEETING BETWEEN INDUSTRY GROUPS AND CFPB
- A couple dozen more comments have been filed in response to the Notice of Proposed Rulemaking to prescribe rules governing the activities of debt collectors, including one that summarizes a meeting held between senior leaders from the credit and collection industry and representatives from the Consumer Financial Protection Bureau following the Town Hall discussion in Philadelphia that occurred the day after the proposed rule was released.
BOMB THREAT CLOSES WISCONSIN OFFICE OF COLLECTION AGENCY
- A bomb threat was called in yesterday to a collection agency in Wisconsin, forcing the office to be evacuated.
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The Daily Digest is sponsored by Microbilt. Designed to help debt collection professionals, MicroBilt’s platform of recovery and skip tracing tools provide quick, convenient, and current data that help you prioritize and successfully track people down and collect. Keep your skip tracing and debt recovery efficient and effective! Contact us to find out about our 90 Day Try Us Program. Call 800-884-4397 or visit www.microbilt.com.