Judge Denies Defendant’s MSJ in FDCPA Case, Rules Bank Levy Confers Standing
- A District Court judge in New Jersey has denied a defendant’s motion for summary judgment, ruling that the plaintiff has standing to pursue his Fair Debt Collection Practices Act lawsuit — “however slight” that standing is, noted the judge.
- More details here.
CFPB to Seek Public Input on New Arbitration Rule Following Petition from Consumer Groups
- The Consumer Financial Protection Bureau has announced it will be opening a docket and seeking input from the public on a proposal that was filed last week by a number of consumer advocacy organizations that filed a petition asking the CFPB to issue a rule on mandatory pre-dispute arbitration provisions in contracts between financial services companies and consumers.
- More details here.
Examining the Impact that Restarting Student Loan Payments Will have on the Economy
- In less than two weeks, consumers across the country will have to start making student loan payments again — something they have not had to do in more than three years. The impact of that event is causing concern across the board — consumers are concerned whether they will be able to afford the payments, and retailers are concerned whether consumers will cut back on their spending because they don’t have as much disposable income as they did before. While economists appear to be cautiously optimistic about the impact that the restart will have on consumers, it is clear that many of them are more closely inspecting their budgets to make sure they can get by. Will payments on old debts make the cut? That is a question many in the accounts receivable management industry will have to wait to find out.
- More details here.
Compliance Digest – September 18
- What did we do before we had GPS apps? How difficult was it to get around when you didn’t have something guiding you every step of the way. That guide is what the Compliance Digest is to companies in the ARM industry. This week, Leslie Bender, Brit Suttell, Stefanie Jackman, Stacy Rodriguez, and Chelsey Pankratz tell you what you need to know about the compliance topics impacting how debts are collected.
- More details here.
- This series is sponsored by Bedard Law Group
WORTH NOTHING: Chefs reveal their favorite after-school snacks for kids … A state-by-state ranking of credit card debt … How to set better boundaries at work … Your guide to fall foliage across the United States … If you are waiting for the Fed to start cutting interest rates, here is when nine experts think it will happen … Why there will likely be more engagements and weddings in 2024 … The number one personality trait linked to a long life … If you’ve seen an F-35 fighter jet that went missing over South Carolina, the Air Force would like to hear from you.
Music Monday, part I
Music Monday, part II
The Daily Digest is sponsored by TCN. Today, contact centers need to do more with less. TCN’s cloud-based predictive dialing tools and services help clients to leverage the most sophisticated inbound, outbound, and blended calling technologies available. TCN’s award-winning platform offers multiple features to assist in compliance while improving performance with no hardware, no monthly minimums, or maintenance fees. Call 866-745-1900 or visit tcn.com today.
