COLLECTION LAW FIRM ORDERED TO PAY FULL RESTITUTION AFTER NO CONTEST PLEA
- The collection law firm in Michigan charged with conducting a criminal enterprise yesterday pleaded no contest to a charge of maintaining a criminal enterprise during a pretrial hearing and was sentenced to full restitution to the individuals who were improperly garnished and had not yet been repaid because three attorneys at the firm allegedly forged documents to make it look like the individuals were properly served with summonses and complaints, even though none of the debtors could be located.
- More details here.
PREVIEWING TOMORROW’S HOUSE HEARING ON REFORMING THE CFPB
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- I have said it on numerous occasions that hearings before the House and Senate committees are little more than theater, especially when the director of the Consumer Financial Protection Bureau is in the house, but tomorrow, the House Financial Services Subcommittee on Financial Institutions and Monetary Policy will talk about the CFPB without inviting anyone from the Bureau to participate.
- More details here.
STUDENT LOAN DEBT PLATFORM RAISES $20M
- Candidly, a platform that aims to help individuals pay off their student loans while saving and building wealth at the same time, yesterday announced it had raised $20.5 million in a Series B round of financing.
- More details here.
22 COMPANIES SEEKING COLLECTION TALENT
- Companies like Capio Partners, Spring Oaks Capital, Goldman Sachs, JJ Marshall & Associates, and Radius Global Solutions are among those looking to fill vacancies in their collection operations.
- The job listings are great for those looking for work and are also great tools for companies to use as sources for ideas about what to include in their own job descriptions and to see how other companies write their job ads.
- More details here.
WORTH NOTING: Remote working is leading to an increase in the number of corporate data breaches … How we went from near record savings to record levels of debt in two years … A 98-year-old woman with 230 great-great-grandchildren just met her great-great-great-granddchild … “Bare Minimum” Mondays are catching on … Airbnb scams to watch out for when booking your next rental … Small things you can do this year to improve your financial future … Career experts share how to get promoted during a recession … The 10 places in the United States with the worst air pollution.
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