Judge Grants MSJ For Defendant in FDCPA Case Over Alleged Missing Disclosure in Email
- A District Court judge in Pennsylvania has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case — albeit on the grounds the plaintiff lacked standing — after the defendant was accused of failing to fully inform the plaintiff about what would happen if a partial payment was made on a time-barred debt.
- More details here
Boost in Legal Collections Helps Propel Profits at PRA Group
- The turnaround under new leadership at PRA Group is continuing — the company reported net income of $3.4 million for the first quarter of 2024, compared with a net loss of $59 million during the same period a year ago. Vikram Atal cited a new contact strategy that the company has put in place during the past few months and taking advantage of a “significant opportunity” with respect to legal collections and wage garnishments as some of the changes that have helped turn the company around in the year since he took over.
- More details here
Delayed Refunds Costs Chime Financial $5M
- The Consumer Financial Protection Bureau (CFPB) yesterday announced an enforcement action against Chime Financial, a San Francisco-based fintech company, for not providing timely refunds to customers after closing their accounts. This delay affected thousands of consumers, compelling many to turn to costly credit solutions to meet essential expenses. The company will have to pay nearly $5 million in penalties and refunds to consumers.
- More details here
24 Companies Seeking Collection Talent
- A general counsel position paying more than $350,000 per year? A credit union looking for someone to run their collections operation? Those are just two of the 24 different jobs in this week’s job listings summary. Check out all the listings to see if your next career opportunity is waiting!
- More details here
WORTH NOTING: A list of 15 things you didn’t know your iPhone could do … Researchers have decoded the alphabet used by sperm whales to communicate … A simple sleep hack to help you fall asleep faster … Your phone can tell when you are depressed … A common argument in my house — expiration and best buy dates on food aren’t always accurate … A lot of people are tipping because they feel guilty. Here is how much it is costing them … The Boy Scouts have a new name.
The myth of progress
Riddles that will drive you insane
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.
