Daily Digest - June 4, 2025

Brought to you by: TCN | By Mike Gibb

Author

Mike Gibb
June 04, 2025

🎂🎉 Happy Birthday to: Michael Bluske of Altra Federal Credit Union.

🙌 👍 Congratulations to Sydney Heacox, who was promoted to Director of Compliance and Corporate Counsel at Frost-Arnett.

🐹 Looking for Guinea Pigs

I have an idea for something new to try and am looking for some individuals who are willing to give it a shot. It would involve being part of a group text chain that included others in the industry. The objective is to get to know others in the industry a little better and share ideas and help each other out. If you are interested in participating, click on this link and submit your contact information. Thanks!

Logo Madness!

It’s time to start voting! Click on the logo you think is better to cast your vote. You can see the entire bracket here. Thanks to Drop Cowboy for sponsoring this year’s contest!

Ed. Dept. Pauses Social Security Garnishments for Student Loan Defaults

  • The Department of Education announced a shift in student loan collection efforts yesterday, offering temporary relief to Social Security recipients who are behind on their federal student loans. After initially planning to resume garnishing Social Security benefits starting June 1, the department has reversed course, pausing the previously announced plan for borrowers who are in default.

  • More details here.

A MESSAGE FROM TCN

TODAY‘S WEBINAR

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Judge Grants MSJ – Again – For Defendant in FDCPA Case Over Disputed Debt

  • On remand from the Court of Appeals for the Seventh Circuit, a District Court judge in Illinois has again granted summary judgment in favor of the defendant on the issue of actual damages in a Fair Debt Collection Practices Act case after the defendant was accused of not flagging the underlying account as disputed with the credit reporting agencies.

  • More details here.

Kennedy Tries Again to Overhaul CFPB Compensation

  • For at least the fourth time in the past four years, Sen. John Kennedy [R-La.] has sponsored or attached himself to a bill aimed at reining in the compensation practices at the Consumer Financial Protection Bureau. Earlier this week, Sen. Kennedy, a member of the Senate Banking Committee, introduced S. 1923, The CFPB Pay Fairness Act of 2025, which would require the Bureau to align its employee salaries with the General Schedule pay scale used across the federal government.

  • More details here.

26 Companies Seeking Collection Talent

  • We all love window shopping don’t we? Looking around at houses or cars and picturing ourselves living in them and driving them around? The same is true for jobs. A new job, maybe in a new city, offers all kinds of opportunities for daydreaming. Check out this week’s job listings summary and get more than two dozen chances to dream.

  • More details here.

WORTH NOTING: The economy is making a lot of consumers change the way they are managing their finances ... When it comes to having to make hard choices, thinking less may be your best bet ... Fans of Frontierland at Disney World have a month left to enjoy it ... More people are eating at home since the start of the pandemic, according to Campbell's ... Independent doctors now account for less than half of all physician practices, according to new research from the American Medical Association ... Congressional hearings that may be of interest on the topics of AI, AI, and robocalls and robotexts ... How to break the cycle of inefficiency ... Did you know there is a list of baby names that are banned here in the United States?

Wisdom Wednesday, part I

Wisdom Wednesday, Part II

The Daily Digest is sponsored by TCN