Daily Digest - January 31, 2025

🎉 🎂 Happy Birthday wishes to: Erin Ziegler of Resurgent Capital Services, and Michael DeSimone. 🥳🎈

🎙️ WANTED: WEBINAR PANELISTS AND MODERATORS 📆

Do you watch my webinars like you watch cooking shows and sports on TV, saying that you could do better? 😁 In all seriousness, Cara Cotter says it best in her profile below when asked what she likes most about the industry: The collaboration. People “… are willing to share information, discuss challenging topics, and work together to provide training …” It is in that spirit that I am inviting everyone to take a look at the upcoming webinar schedule February and let me know if there are any topics that you would like to share, discuss, and work together. Don’t be shy. Click here to take a look at the list.

Collector Facing FDCPA Class Action for Allegedly Attempting to Collect on Medicare Debt

• A collection operation is facing a Fair Debt Collection Practices Act class-action lawsuit because it allegedly attempted to collect on a debt where the plaintiff was a beneficiary of Medicare or Medicaid in which the suit alleges the defendant violated a section of the statute that you don’t often see in these types of lawsuits.

• More details here.

• This series is sponsored by WebRecon

A MESSAGE FROM TCN

TODAY’S WEBINAR

UPCOMING WEBINARS

CFPB Orders Wise to Pay $2.5M Over Misleading Fee Disclosures

• The Consumer Financial Protection Bureau, with Rohit Chopra still at the helm, announced an enforcement action yesterday — it’s first under the Trump administration — against international remittance company Wise, requiring it to pay nearly $2.5 million for allegedly deceiving U.S. consumers and violating federal laws governing electronic fund transfers. The CFPB alleges Wise inaccurately advertised ATM fees, failed to properly disclose exchange rates and other charges, and did not promptly refund fees when funds arrived late.

• More details here.

Bills Introduced in House, Senate to Defund CFPB

• Bills have been introduced in both the House of Representatives and Senate this week that would defund the Consumer Financial Protection Bureau and Republicans are reportedly looking to use a special procedure that would allow the bill to pass with just a simple majority in the Senate.

• More details here.

Collection Law Firm Discloses Data Breach

• A creditor’s rights law firm based in Kansas has disclosed it was the victim of a ransomware attack, with the records of more than 150,000 individuals being involved, according to information that was posted to a website managed by the Maine Attorney General.

• More details here.

WORTH NOTING: People who are a lot better a ping pong than you and I are ... How to cut costs and spend less -- but not hurt anyone's feelings -- when it comes to social events like weddings and birthday parties ... Is this the next acting director of the Consumer Financial Protection Bureau? ... White House stenographers are struggling to keep up with President Trump ... People are flocking to Chili's ... Coffee experts dish on their favorite espresso machines and drip brewers ... How to influence anyone who disagrees with you ... People in Pennsylvania with unclaimed property may start getting checks in the mail.

Funny Friday, part I

Funny Friday, Part II

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