Daily Digest - March 11, 2025

🎂🎉 Happy Birthday to: Chris Dunkum of First Collection Services, Heidi Schollenberger and Andy Passen of The CCS Companies, Sudipto Mukherjee of Encore Capital Group, and Patrick Kennedy of Firstsource. 🥳🎁

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Collector Sued for Emailing Third Parties About Debt

• A collection operation is facing a Fair Debt Collection Practices Act lawsuit for allegedly including the plaintiff’s son, brother, and an unknown third party — in the same email message that was sent to the plaintiff attempting to collect on a debt.

• More details here.

• This series is sponsored by WebRecon

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Golden Years Going Plastic: AARP Finds Older Adults Swiping for Survival

• Nearly half (47%) of older adults with credit card debt say they rely on plastic to pay for basic living expenses they cannot otherwise afford, according to the results of a survey released yesterday by AARP that sheds fresh light on credit card usage among Americans aged 50 and older — a picture that is worrisome. Even more unsettling: 17% admit they’ve done this every month over the past year. Rising costs of essentials such as food, housing, and utilities are squeezing older Americans’ budgets, putting their financial well-being and retirement security at risk.

• More details here.

CFPB Roundup

• After a relatively quiet weekend, news coming out of the Consumer Financial Protection Bureau heated back up again on Monday, highlighted by the Bureau’s chief operating officer testifying about what has been going on at the agency over the past six weeks. Here’s more on that and several other developments.

• More details here.

Washington Senate Passes Medical Debt Credit Reporting Ban Bill

• A medical debt credit reporting bill has been passed by the Washington state Senate and is one step closer to becoming law.

• More details here.

WORTH NOTING: What it's like being at the Nordic Super Bowl ... It's never the kids who are the problems at sporting events ... The best longevity habit you're not thinking about ... Car payment delinquency rates are at their highest point in 30 years ... It's more than likely that you are misreading your dog's emotions ... The housing markets that will be best for sellers this Spring ... Is this a genius laundry hack or child labor? ... Southwest is going to start charging for checked bags ... How Generation Z is fighting back about having to go back to work. George Costanza would be proud.

Trailer Tuesday, part I

Trailer Tuesday, Part II

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