Daily Digest - May 23, 2025

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Suit Accuses Collector of Being too ‘Friendly’ in Emails to Plaintiff

• I’m not sure if this should be filed in the “no good deed goes unpunished” folder or the “damned if you do and damned if you don’t” folder or the “catch-22” folder, but it definitely deserves to go in at least one of those. A collection operation is facing claims it violated the Fair Debt Collection Practices Act and the Telephone Consumer Protection Act for, among other claims, using a tone in emails that was too “friendly and informal.”

• More details here.

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Jefferson Capital Files to Go Public

• Jefferson Capital, a Minnesota-based debt buyer, is aiming to raise up to $100 million through an initial public offering, according to a registration statement filed with the Securities and Exchange Commission earlier this week.

• More details here.

AI’s Emotional IQ Leaps Ahead of Humans

• A peer‑reviewed study out of the University of Geneva and the University of Bern found that six large‑language‑model systems, including ChatGPT‑4, Gemini 1.5 Flash and Claude 3.5 Haiku, answered questions on five standard emotional‑intelligence (EI) tests with 81‑82 % accuracy, crushing the 56 % average scored by human respondents. Even more striking: ChatGPT‑4 produced brand‑new EI test items in a few hours that proved just as clear and realistic as tools psychologists spent years refining.

• More details here.

Appeals Court Partially Overturns Dismissal of FCRA Case

• The Court of Appeals for the Fifth Circuit has partially overturned a lower court’s dismissal of a Fair Credit Reporting Act and Texas Debt Collection Act case on the grounds the defendant may have been negligent under the FCRA.

• More details here.

WORTH NOTING: A lot of Americans aren't sure exactly why Memorial Day is celebrated ... Buc-ee's is coming to two new states this summer ... More ammunition to ensure you keep a close eye on your third-party vendors ... The hype surrounding electric vehicles may be dying down ... More CEOs are using AI avatars on their earnings calls ... Why you may want to embrace feeling bored the next time it happens to you ... House prices are falling in nearly 25% of the nation's 300 largest markets ... 10 myths about Medicare you may want to know about.

Funny Friday, part I

Funny Friday, Part II

The Daily Digest is sponsored by TCN