GETTING TO KNOW BRIAN MCLELLAN OF CREDIT SOLUTIONS
- Brian McLellan hits the nail on the head when he calls where he works the “smallest multi-billion dollar industry in America.” But that statement is true only because people like him are so willing to come together, share ideas, and help each other out. Read on to learn more about Brian, why he is embracing his night-owl tendencies, and why he is your go-to guy for ethnic restaurant recommendations in Kentucky.
- More details here.
JUDGE DENIES DEFENDANT’S MOTION FOR SANCTIONS IN FDCPA CASE
- A Magistrate judge in New York has denied a defendant’s motion for sanctions in a Fair Debt Collection Practices Act case after the plaintiff and her attorneys — from Credit Repair Lawyers of America — were accused of engaging in a frivolous action after filing a lawsuit alleging the defendant failed to remove a dispute notification from the plaintiff’s credit report when the plaintiff notified the defendant she was no longer disputing the debt in question.
- More details here.
CFPB SUES OWNERS OF PAYDAY LENDING COMPANY FOR HIDING MILLIONS TO AVOID PAYING FINES
- Having made this mistake once before, did you know that there are two FDCPAs? Everyone reading this should be familiar with the Fair Debt Collection Practices Act. But there is another law, called the Federal Debt Collection Procedures Act, and the two statutes are markedly different? It is the second FDCPA that the Consumer Financial Protection Bureau is invoking in a lawsuit it filed yesterday in a Kansas federal court, accusing the two former owners of a payday lending business of engaging in fraudulent activities attempting to avoid paying more than $40 million in fines and penalties from a previous enforcement order.
- More details here.
AGENCY TO PAY $10K FINE FOR OPERATING IN CT WITHOUT LICENSE
- The Connecticut Department of Banking has assessed of fine of $10,000 to a collection operation for collecting from consumers in the state without first obtaining the proper license to do so. The company has also agreed to pay $800 in back licensing fees.
- More details here.
WORTH NOTING: A problem I wish I had more often — people are hitting golf balls too far … Forget “quite quitting.” “Rage applying” is the new concern … Five of the 10 busiest airports in the world are right here in the United States … Why managers should be embracing imposter syndrome … How to tell if the eggs in your fridge have gone bad … Is it ok to have a work wife? Members of different generations disagree … For people who still want to put things in frames — the best photo printing services … The head of consumer education at TransUnion shares the biggest mistake people make about their credit scores.
Top 10 Thursday, part I
Top 10 Thursday, part II
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