Daily Digest – July 10. NCBA Meets With CFPB To Discuss Meaningful Involvement Provision of Proposed Rule; AT&T Rolls Out Automated Call Blocking

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.

NCBA MEETS WITH CFPB TO DISCUSS MEANINGFUL INVOLVEMENT PROVISION OF PROPOSED RULE

  • In the midst of a wave of more than 1,000 comments that have been filed in the past two days protesting the Consumer Financial Protection Bureau’s proposed debt collection rule comes the details of a meeting between a number of representatives from the National Creditor’s Bar Association and senior staffers from the CFPB.

AT&T BECOMES FIRST CARRIER TO ROLL OUT AUTOMATIC CALL BLOCKING

  • AT&T yesterday became the first telecom carrier to roll out call blocking services to its customers for free, becoming the first carrier to do so following a Declaratory Order approved by the Federal Communications Commission.

CFPB REACHES $25M SETTLEMENT WITH DEBT RELIEF COMPANY

  • The Consumer Financial Protection Bureau yesterday announced a $25 million settlement with Freedom Debt Relief, the nation’s largest debt settlement company, after alleging the company was alleged to have charged advance fees and by not settling debts as promised.

HIGH NUMBER OF INDIVIDUALS CARRYING BALANCES ON CREDIT CARDS FROM MNTH TO MONTH

  • Newton’s first law of inertia is that objects in motion tend to stay in motion and objects in inertia tend to stay in inertia. Based on data analyzed by the Consumer Financial Protection Bureau, the same can be said for individuals with credit card debt. They tend to stay in debt.

NATIONAL DEBT HOLDINGS DONATES $5000 TO CHILDREN’S HOSPITAL

  • National Debt Holdings today announced a $5000.00 donation to the John R. Oishei Children’s Hospital in Buffalo, New York. This generous donation is part of the Company’s Corporate Charitable Giving Program and will help to provide important services to Western New York’s chronically ill children and their families.

WORTH NOTING: Sexual assault victims complain about collectors hounding them for unpaid bills related to their examinations … “If you can dodge a wrench, you can dodge a ball” … How virtual reality is changing job trainingPeople don’t like remakes as much as Hollywood thinks they do … Making the Mueller Report more readableBernie Sanders on his plan to end student loan debt … The science behind whether you should wear white or black on hot days … Why people think the moon landing was faked … How to train your brain to be positive.

Is marriage all it’s cracked up to be?

I’d argue the new movies will stand up better

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

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