Daily Digest - January 20, 2025

🎉 🎂 Happy Birthday wishes to: James Lincoln from Steel River Systems, Happy belated birthday wishes to: Timothy Smith from Monarch Recovery Management (January 19), Ashley Yager from National Loan Exchange (January 19), Bill Sorgatz from The Bureaus (January 19), and Jacob Adamo from United Holding Group (January 19). 🥳🎈

THE COUNTDOWN IS ON! SEVEN SIX FIVE TWO MORE DAYS! DON’T MISS OUT!

As you start looking to spend your 2025 technology budget, 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!

Judge Rules FDCPA Claim Can Proceed in Credit Reporting Dispute, Dismisses FCRA Allegations

• A District Court judge in Missouri has denied a defendant’s motion for summary judgment on claims it violated the Fair Debt Collection Practices Act by failing to correct inaccurate information it was furnishing to the credit reporting agencies, while granting the motion on claims it violated the Fair Credit Reporting Act, ruling the plaintiff did not establish that she suffered a concrete injury.

• More details here.

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CFPB Fines Equifax $15M for Consumer Dispute Failures

• The Consumer Financial Protection Bureau on Friday announced an enforcement action against Equifax Inc. and its subsidiary, Equifax Information Services LLC, for multiple violations of the Fair Credit Reporting Act and the Consumer Financial Protection Act. The agency found that Equifax failed to properly investigate consumer disputes, provided inaccurate information, and misled consumers with contradictory dispute resolution notices, leading the credit reporting giant to pay a penalty of $15 million.

• More details here.

Outgoing Administration Publishes Blueprint to Prevent Student Loan Defaults

• On its way out the door, the Department of Education has published a memo outlining the steps that the new administration should take to prevent individuals from defaulting on their student loan payments and the importance of continuing the actions that have been taken by the outgoing administration.

• More details here.

Compliance Digest - January 20

• Insights into the CFPB's Medical Debt Credit Reporting rule, and the lawsuits that followed the rule's release, along with insights into a $20 million cybersecurity settlement, and a handful of new court rulings are included in this week's Compliance Digest. Check out insights from Mike Frost, Nick Prola, Stefanie Jackman, Chuck Dodge, and Dale Golden.

• More details here.

• This series is sponsored by Bedard Law Group

WORTH NOTING: Ideas to help make cooking seem like less of a chore ... I have to confess I am one of these people, but only because I have been sitting for hours and want to stand up and stretch ... Costco members weigh in on the changes they would like to see at the store ,.. How to find and harness your employees' hidden talents ... Grading each NBA team as the season hits its midway point ... How working your unloved muscles can help reduce injuries ... The one thing that entrepreneurs need to be successful, according to a successful entrepreneur ... A list of six things you shouldn't leave in your car when it's cold outside.

Music Monday, part I

Music Monday, Part II

The Daily Digest is sponsored by TCN’s C3 User Conference