BEDARD BREAKS DOWN RULE’S PROVISIONS RELATED TO LOCATION INFORMATION
- In issuing its debt collection rule, the Consumer Financial Protection Bureau had the opportunity to update a rule that had been left largely untouched since it went into effect more than 40 years ago. And, as has been discussed in previous videos, the CFPB did opt to modernize how debts are collected. But, as John Bedard details in the latest episode of “You Wanted a Rule, You Got a Rule,” there are components of the Fair Debt Collection Practices Act that the CFPB opted to leave largely in tact. And one of those sections was how collectors can speak with third parties to acquire location information of individuals with unpaid debts.
PROPOSED COLO. STUDENT LOAN COLLECTION OVERHAUL BEING CONSIDERED
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- A bill is circulating around the Colorado legislature that would dramatically overhaul how student loans are collected in the state, removing an exemption for licensed collection agencies while also imposing new disclosure requirements and imposing extensive civil liability exposure for those found to violate the provisions of the bill, should it become law.
OHIO BILL WOULD PLACE MORATORIUM ON SOME STUDENT LOAN, HEALTHCARE DEBT COLLECTION
- A bill is moving through the legislature in Ohio that would halt the collection of all debts owed to any state college or university and any hospital operated by a college or university while also pausing the accrual of interest and collection fees on those debts.
FCC SETS DATE FOR REPORTING DISCONNECT DATA FOR REASSIGNED NUMBER DATABASE
- The Federal Communications Commission yesterday announced that voice service providers must start reporting permanent disconnections of their subscribers starting on April 15 in the next step of the rollout of its reassigned numbers database.
PROVANA ACQUIRES GREENLIGHT OFFICE SOLUTIONS
- Provana, a leading provider of best-in-class technology solutions is proud to announce its acquisition of Greenlight Office Solutions. Greenlight, a boutique software development and consulting company is known for delivering custom automation solutions for companies within the ARM industry.
WORTH NOTING: The Congressional Budget Office weighs in on the economic pros and cons of a $15 minimum wage … The mother of Patrick Mahomes knows who is at fault for her son’s loss in the Super Bowl … The most affordable cities to buy a home … Today is National Pizza Day. How to get some deals … Money myths not to fall for … The different Android phones that are worth buying … It will take seven years at the current rate of vaccinations for the world to get back to normal … A hacker was thwarted from trying to poison a Florida city’s water supply.
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