Daily Digest - January 6, 2025

🎉 🎂 Happy belated Birthday wishes: Jeff Brewer from Cornerstone Licensing and Gerald Letofsky from Accelerated Data Solutions who both celebrated their birthdays yesterday. 🥳🎈

STILL TIME TO REGISTER!

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!

Appeals Court Upholds $134M Award Against Lender in CFPB Suit

• The Court of Appeals for the Ninth Circuit has affirmed the Consumer Financial Protection Bureau’s $134 million restitution order against CashCall, resolving a case that has been litigated for over a decade and has now been to the appellate court twice.

• More details here.

A MESSAGE FROM TCN

TODAY’S WEBINAR

UPCOMING WEBINARS

Appeals Court Upholds $134M Award Against Lender in CFPB Suit

• There is a joke that if you ask 10 lawyers for their opinions on something, you’ll get 10 different answers (or 10 different attorneys each saying, “it depends.”). Asking a handful of industry compliance experts for what they will remember most about 2024 and how it shaped the ARM industry turned out to be a similar exercise. And that speaks to just how much happened in 2024 and how important a lot of it was. Here are the most impactful compliance topics and caselaw that shaped 2024 for companies in the credit and collection industry, and one sneak peek into a case that may make the list for 2025.

• More details here.

Advocates Push UCHealth to End Patient Lawsuits

• Patient advocates are urging UCHealth, Colorado’s largest healthcare provider, to halt its practice of suing patients over unpaid medical bills. The calls for reform come after revelations that the system has filed more lawsuits than any other major provider in the state, sparking concerns about the impact on financially vulnerable individuals.

• More details here. 

Compliance Digest – January 6

• What this week's Compliance Digest lacks in quantity it more than makes up for in quality. Comments and insights from Nabil Foster and Laurie Nelson on a pair of important topics -- recent comments from the Consumer Financial Protection Bureau on junk fees and debt collection, and insights into a judge's decision to deny a request for a temporary restraining order blocking the enactment of the CFPB's medical debt guidance.

• More details here.

• This series is sponsored by Bedard Law Group

WORTH NOTING: Everything you have ever wanted to know about the moon ... A list of 17 household essentials you may want to consider replacing ... Getting your steps in every day may help you avoid becoming depressed, according to new research ... A professional organizer dishes on how to avoid clutter and what to do with the stuff in your junk drawer ... Why we say yes even when we don't want to ... What most people tend to regret when they decide to retire ... Why people fail at keeping their New Year's resolutions and how you can avoid this happening to you ... A lot of unemployed white-collar workers are having a hard time finding work.

Music Monday, part I

Music Monday, Part II