EMERGENCY COLLECTION BILLS INTRODUCED IN DISTRICT OF COLUMBIA
- A pair of bills have been introduced in Washington, D.C., that seek to implement temporary restrictions on how debts are collected in the District now that it is ending the pandemic emergency declaration that was enacted last year. The bills were authored by Phil Mendelson, the chairman of the D.C. Council, and Karl Racine, the Attorney General of Washington, D.C., and are precursors to additional legislation that is coming “in the near future” that will propose “permanent updates to modernize the District’s debt collection laws in the long-term,” according to a release announcing the introduction of the temporary bills.
CFPB ISSUES CONSENT ORDER; FINTECH LENDER TO PAY $11M IN FINES, REFUNDS TO CONSUMERS
- The Consumer Financial Protection Bureau has entered into a consent order with a fintech company accused of originating loans to consumers without the proper authorization, fining the company $2.5 million and requiring it to cancel or refund up to $9 million in loans.
JUDGE GRANTS MOTION TO DENY CERTIFICATION IN TCPA CLASS ACTION
- A District Court judge in Oregon has granted a defendant’s motion to deny class certification in a Telephone Consumer Protection Act case, ruling that the question of whether the number that was called by the defendant was a business or residential number makes it unclear whether or not the plaintiff can even assert protections under the TCPA, thus not allowing him to meet the necessary requirements to be the named plaintiff in the suit.
FEWER CONSUMERS EXPECT TO HAVE PROBLEMS PAYING DEBTS: REPORT
- The number of consumers who expect to be able to make all of their debt payments during the next three months increased again in June, nearing the highest point ever in the eight years that the Federal Reserve Bank of New York has been tracking the data. The continued increase in the number of consumers who don’t expect to have any problems making their debt payments may be a bad sign for companies in the accounts receivable management industry and may further illustrate declines in placement volumes that have been reported across the country.
SPIRE RECOVERY SOLUTIONS SUPPORTS LOCAL COMMUNITY WITH DONATION TO FEEDMORE WNY
- Spire Recovery Solutions, a professional accounts receivable collection agency in Lockport, NY, made a recent donation to FeedMore WNY, a charitable nonprofit organization dedicated to ending hunger in the Western New York area. The organization is the primary nonprofit food provider in the region and includes both Meals on Wheels and Food Pantry services.
WORTH NOTING: Want to feel old? Donkey Kong has reached middle age … Only linking to this because it happened where I live and it made Fox News … Gas prices are at their highest point in seven years … If you overshare on social media, you might have a problem … How to sleep better, even when you are stressed … Subway is giving away 1 million sandwiches today … Has the housing market peaked? … Child tax credits are starting to be deposited for most families … The mistakes that job seekers make when they are desperate to find a job.
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