BIDEN NAMES TEMPORARY PICKS TO LEAD CFPB, FCC, FTC
- President Joe Biden named temporary heads to the three major government agencies regulating the accounts receivable management industry — the Consumer Financial Protection Bureau, the Federal Communications Commission, and the Federal Trade Commission.
EXPERTS SHARE REACTIONS TO CHOPRA CFPB NOMINATION
- This week, President Joe Biden announced that Rohit Chopra is his choice to be the next director of the Consumer Financial Protection Bureau. Chopra, who was most recently a commissioner with the Federal Trade Commission, previously worked at the CFPB as an assistant director and its student loan ombudsman. How will the CFPB change under Chopra’s leadership, assuming he is confirmed by the Senate? AccountsRecovery.net reached out to a number of industry experts to share their reaction to Chopra’s nomination. Here is what they said.
SEVENTH CIRCUIT ISSUES ANOTHER RULING ON STANDING, AFFIRMING LOWER COURT DISMISSAL
- The Seventh Circuit Court of Appeals continued its assault on standing in Fair Debt Collection Practices Act cases yesterday, affirming a District Court ruling that a plaintiff lacked standing to sue a debt collector because she did not try to show an intent to dispute a debt while suing because she was confused about how to dispute it.
MEDICAL DEBT COLLECTION BILL BEING FLOATED IN COLORADO AS GOV. SIGNS BILL EXTENDING HALT ON ‘EXTRAORDINARY’ ACTIONS
- Makyla Moody from Greenberg Sada & Moody provides an important update about a medical debt collection reform bill circulating in the Colorado legislature, while also notifying us that the governor signed an ARM-related bill into law yesterday.
WORTH NOTING: Meet the woman behind the mittens … Why you shouldn’t skip dinner … Changes are coming to the SATs … People are using their latest stimulus checks to eat out more … How President Biden’s wardrobe has evolved during his candidacy … The fate of the summer Olympics is up in the air … Our rivers are changing colors … The only things you should ever say if you’re stopped by the police.
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The Daily Digest is sponsored by Prodigal. Prodigal is bringing the power of AI and machine learning to lenders, creditors and collection agencies. Prodigal’s world class speech recognition software, monitors every call for compliance and collector performance with its AI trained for optimal accuracy and actionable results. Prodigal unlocks hidden value in a collection contact centre’s vast corpus of unstructured audio data by making it searchable and enabling them to improve compliance, increase operational efficiency and win new clients.
