Daily Digest - April 30, 2025

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Court Denies Motion to Dismiss in FCRA Case Over Disputed Credit Reporting

• A District Court judge in Kentucky has denied a defendant’s motions to dismiss and for summary judgment in a Fair Credit Reporting Act case over the accuracy of information that was furnished to the credit reporting agencies. The case stems from allegations that inaccurate information was reported as past due and included in a bankruptcy filing, even though the account was neither past due nor involved in the bankruptcy.

• More details here.

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GAO Investigating CFPB’s Recent Actions Amid Staff Reductions

• The Government Accountability Office (GAO) has confirmed it will investigate recent actions taken by the Consumer Financial Protection Bureau under the direction of Acting Director Russell Vought. The inquiry comes after Democratic senators, including Elizabeth Warren [D-Mass.] and Andy Kim [D-N.J.], requested the GAO examine the impact of significant workforce reductions and other moves that could undermine the CFPB’s ability to enforce consumer protection laws.

• More details here.

House Republicans Propose Major Funding Cuts to CFPB

• House Republicans are advancing a proposal to significantly reduce the funding of the Consumer Financial Protection Bureau. Under the proposal, the agency’s annual funding would be slashed by 70%, from its current cap of $823 million to just $249 million, according to a published report. This dramatic cut could undermine the CFPB’s ability to effectively oversee financial services companies and protect consumers from predatory practices. The proposed measure is set for a markup hearing before the House Financial Services Committee today.

• More details here.

23 Companies Seeking Collection Talent

• Regardless of where you want to work, this week’s job listings summary has something for you. Opportunities in 18 states and two countries, on top of remote jobs, fill this week’s listings. Check them out and see if your next step toward world domination is waiting.

• More details here.

WORTH NOTING: The cliche is true -- people hate being asked by friends to help them move ... A lot of people want to know if they are in the early stages of Alzheimer's ... UPS is laying off 20,000 employees and closing 73 different locations across the country ... Just about three-quarters of every dollar spent by the federal government goes to one of six different categories ... A lot of people are being prescribed drugs they can't afford ... Sometimes what you don't say is as important as what you do. Here are some things you may want to take off your resume ... Africa is slowly -- very slowly -- splitting apart and will one day create a new ocean ... Millennials are dishing out advice to members of Generation Z, who might be on the brink of going through their first recession.

Wisdom Wednesday, part I

Wisdom Wednesday, Part II

The Daily Digest is sponsored by TCN