Daily Digest - January 9, 2025

🎉 🎂 Happy Birthday wishes to: Lindsey Svenson of Velocity Portfolio Group, Tyler Mayer of CCMR3, Benjamin Carroccio of the Sunrise Family of Companies, Tom Rasmussen of Applied Innovation, and Heather Morgan of Commercial Services Group. 🥳🎈

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!

Getting to Know Brooke Teal of Phillips & Cohen Associates

• Brooke Teal may have only recently joined Phillips & Cohen Associates, but her decade-long journey in the credit and collection industry has prepared her well for the role. From her early days as a staff attorney at Encore Capital Group to her transformative experience at Harvard Law School’s Leadership in Corporate Counsel Program, Brooke has built a career marked by continuous learning, meaningful connections, and an unwavering passion for her work. Read on to learn more about Brooke, her commitment to having as much fun as possible while working, and why you might want to reach out to her the next time you’re considering adopting a furry friend.

• More details here.

• This series is sponsored by TEC Services Group

A MESSAGE FROM TCN

TODAY’S WEBINAR

UPCOMING WEBINARS

Groups Sue CFPB Over Medical Debt Credit Reporting Rule

• Two trade groups — the Consumer Data Industry Association (CDIA) and the Cornerstone Credit Union League — yesterday filed a lawsuit in the District Court for the Eastern District of Texas against the Consumer Financial Protection Bureau over its new rule prohibiting the inclusion of most medical debts on consumer credit reports.

• More details here.

Judge Grants MTD in FDCPA Case Over ID Theft

• A District Court judge in Illinois has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act case, ruling the plaintiff lacked standing after alleging violations related to a disputed debt originating from identity theft.

• More details here. 

Credit Card Debt Keeps Creeping Upward Toward Record Levels

• The credit card debt picture for consumers is getting uglier and uglier by the day. A pair of reports released this week paint a picture that is increasingly bleak for consumers, who are falling further and further behind on their credit card payments and paying less and less of their debts off every month. Nearly half (48%) of credit cardholders are carrying a balance month-to-month, according to Bankrate’s November 2024 data. While this figure is slightly lower than mid-2024 levels, it remains significantly higher than pre-pandemic levels (39% in December 2021).

• More details here.

WORTH NOTING: Some of the coolest tech that has come out of this year's CES conference ... How to get more movement into your screen-filled life ... The Girl Scouts are retiring two of their cookie varieties after this year's sale concludes ... The top remote working opportunities that are available in 2025 ... The modern-day guide to COVID; what to do after testing positive ... The jobs that are most at risk as a result of the growth of artificial intelligence, according to the World Economic Forum ... How one person used AI to help him apply for 1,000 jobs and land 50 job interviews ... Which country has the world's most powerful passport?

Top 10 Thursday, part I

Top 10 Thursday, Part II

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