Daily Digest - August 27, 2025

Brought to you by: TCN | By Mike Gibb

🎉🎂 Happy Birthday to: Stephen Scully of The Healing Center, Tom Chubb of JPMorgan Chase, Mark Cavin of Collections Intelligence, Mike Smith of Millennium Capital and Recovery, Christine Modica of Altus Receivables Management, Chris Cusack of LiveVox, and Jonathan Floyd of Floyd Law.

🥳 🙌 Congratulations to: Eric Gapinski, the new COO at Virtuoso Sourcing Group, and Bryana Watson, the new Training Manager at Caine & Weiner.

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Click here to sign up for the group text chat and be placed in a group with other industry professionals. It’s a great chance to get to know others in the industry and get different perspectives and opinions on industry trends and problems. Also, I am launching a new virtual coffee & chat opportunity, where you are randomly paired with someone from the industry and asked to spend 15-20 minutes getting to know one another.

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Appeals Court Rejects Bias Claims in Lawsuit Against Collector and CRAs

  • The Court of Appeals for the Eleventh Circuit has affirmed the dismissal of a suit filed against a collection agency and two credit reporting agencies on the grounds that the District Court improperly denied his request for accommodations and was biased against him.

  • More details here.

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CFPB Proposes Rule to Tighten Standards for Nonbank Supervision

  • The Consumer Financial Protection Bureau has proposed a new rule that would establish a binding definition of “risks to consumers” under the Consumer Financial Protection Act, limiting the agency’s ability to designate nonbank entities for supervision. Published in the Federal Register today, the proposal aims to ensure consistency and clarity in how the CFPB exercises its authority over nonbanks engaged in consumer financial products or services, including those in credit, collections, and debt buying.

  • More details here.

FCC Removes 1,200 Providers in Sweeping Robocall Crackdown

  • The Federal Communications Commission has removed more than 1,200 voice service providers from its Robocall Mitigation Database, effectively cutting them off from the U.S. phone network. The action, announced Monday, marks the agency’s largest enforcement move to date against companies that failed to comply with federal anti-robocall requirements.

  • More details here.

35 Companies Seeking Collection Talent

  • Want to work in Rockwall, Texas? Or Greenville, Delaware? How about Evansville, Indiana? While these places might not be New York or Miami, your next job might be in this week's job listings summary. Nearly three dozen different companies are looking for collection talent. Check it out now!

  • More details here.

WebRecon July 2025 Stats: Everything is Back Up Again

  • After a dip in most statute filings last month, everything is back up in July.

    TCPA (+6.2%), FDCPA (+4.9%) and FCRA (+18.9%(!)) were all up for the month of July. YTD, TCPA (+52.7%) and FCRA (+23%) are both way up, while FDCPA (-5.3%) is the only one still lagging behind last year. But even that margin shrunk (by -.6%) last month, following a months-long pattern of getting smaller.

  • More details here. 

WORTH NOTING: How people are planning to spend the Labor Day holiday weekend and how the current economic climate is influencing their financial well-being ... The famous (or infamous) pumpkin spice latte costs a lot more today than when it was first introduced ... Optimism among small businesses in four different industry is on the rise, especially in manufacturing ... New research reveals that this is the scariest natural disaster for Americans, beating out tsunamis, earthquakes, and hurricanes ... The use of "deadbots" is on the rise, thanks to AI, and they can be pretty persuasive ... Maybe this will calm my wife's anxieties about flying Frontier Airlines this weekend ... People who excel at conversations do these three things, according to experts ... HR professionals aren't as great at spotting fake job applications as they think they are.

Wisdom Wednesday, part I

Wisdom Wednesday, Part II

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