Daily Digest - December 27, 2024

Happy Birthday wishes: First Collection Service’s Brian Skidmore, Prodigal’s James Vitale, and Cheryl Widhalm of The Barton Law Group.

A Shameless Plug for ARMTech

As you start your holiday shopping, consider buying the best present you can get yourself and sign up to attend ARMTech. I guarantee you will walk out of the event not only with great ideas, but also a ton of new contacts. There are so many innovators and disruptors who don’t show up to other industry conferences because ARMTech is the industry’s only event exclusively dedicated to talking technology — and that is where all the innovation and disruption is happening. Don’t miss out. Sign up today!

Don’t forget to check out what’s on the AccountsRecovery streaming channel. It’s a great way to catch webinars you may have missed!

2024 Email Benchmarks + Deliverability Audit

Discover benchmarks, strategies, and actionable insights to recover payments faster and enhance compliance. Brought to you by Prodigal

Collector Sued After Consumer Refuses to Pay Debt Because Interest Rate was ‘Stupid’

• There is a new addition to the list of reasons consumers give collectors why they are not going to pay a debt, and it has nothing to do with anything the collector did. A collector is facing a Fair Debt Collection Practices Act lawsuit in the District Court for the Middle District of Florida for sending a text message and an email after the plaintiff indicated she was unwilling to pay the debt, albeit for an interesting reason.

• More details here.

• This series is sponsored by WebRecon

A MESSAGE FROM TCN

TODAY’S WEBINAR

UPCOMING WEBINARS

Judge Denies MTD, Stays FDCPA Case Over Whether Debt was for Business or Personal Use

• A District Court judge in Michigan has denied a defendant’s motion to dismiss and stayed a case in which the defendant is accused of violating the Fair Debt Collection Practices Act and state law in Michigan while a state court determines whether or not the underlying debt is for personal or business reasons.

• More details here.

DOGE’s Ramaswamy Echoes Musk in Call to Eliminate CFPB

• What is it with the leaders of the Department of Government Efficiency and making comments about the future of the Consumer Financial Protection Bureau during holidays? After Elon Musk proposed deleting the CFPB during the Thanksgiving Day weekend, his DOGE compatriot, Vivek Ramaswamy on the day after Christmas released a post on social media saying that the CFPB’s policies have harmed consumers and that its overreach needs to be nullified. It’s the latest comment stirring the pot over the future of the Bureau, with President-elect Trump set to take office in less than a month.

• More details here. 

New ARMSights poll, sponsored by Belvista

Texas Man Arrested for Threatening Cap One Execs Over $543 Debt

• A 34-year-old man has been arrested in Texas and charged with sending threatening interstate communications after vowing to assassinate executives at Capital One over an unpaid debt of $543.

• More details here.

WORTH NOTING: Remembering those we lost in 2024 ... Mystery solved: how the McAllisters made their money in "Home Alone" ... How Americans feel about the economy heading into 2025 ... A philosopher shares three strategies to help you attain the "good" life ... Why you may want to consider ditching Venmo and go back to paying for things with cold, hard cash ... A personal finance expert on how to make the most of your cash in 2025 ... If you're feeling overwhelmed, here are some tips to help you cope ... How much holiday debt we racked up getting ready for Christmas.

Funny Friday, part I

Funny Friday, Part II