Daily Digest - May 9, 2025

Brought to you by: TCN | By Mike Gibb

Author

Mike Gibb
May 09, 2025

🎂🎉 Happy Birthday to: Mike Collins from Optimum Outcomes, Jackson Ruh from RGS Financial, and Connie Stimpson of Diversified Adjustment Service.

🥳 ðŸ™Œ Congratulations to Joe Wilde, the new General Manager at Sentry Credit.

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!

Consumer Seeks Two-For-One Special in FDCPA Complaint

  • Maybe the consumer was looking to save himself the cost of filing an additional lawsuit in this one by alleging two different collection operations both violated the Fair Debt Collection Practices Act in separate incidents that appear to be completely unrelated to one another — one is accused of failing to properly validate a debt and sending communications with different balances and the other for putting the mini-Miranda disclosure on the section page of a collection letter.

  • More details here.

  • This series is sponsored by WebRecon

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Judge Dismisses FDCPA, FCRA Case Over Who Owed Debt

  • In a case that was defended by Dale Golden and Joe Proulx of Martin Golden Lyons Watts Morgan, a District Court judge in Alabama has granted a defendant’s motion for summary judgment in a Fair Credit Reporting Act and Fair Debt Collection Practices Act case, ruling that an illegible signature on a work order was not sufficient to allow the defendant to determine that the account was someone else’s and not hers.

  • More details here.

Report Calls For CFPB to Strengthen Protections to Confidential Information

  • A new report from the Federal Reserve Board’s Office of Inspector General has revealed that the Consumer Financial Protection Bureau lacks adequate controls to prevent and respond to breaches of confidential supervisory information (CSI), including one serious 2023 incident that exposed data on 256,000 consumers and 46 financial institutions.

  • More details here.

Which Specialties are Most Likely to Offer Patients Medical Credit Cards

  • The rise of medical credit cards has become a prevalent solution to address growing healthcare expenses, particularly among patients struggling to pay their medical bills. These cards, which offer deferred interest terms, have become a common way for patients to finance their medical debt, enabling them to avoid immediate interest payments for a set period. However, the average annual percentage rate (APR) on these cards stands at 26.99%, which can be far higher than other financing options. While these cards have allowed patients to manage medical expenses more easily, concerns are growing over their long-term financial impact.

  • More details here.

TrueAccord Accelerates Growth with Acquisition of Sentry Credit

  • Today TrueAccord Corp. (TrueAccord), a digital-first debt collection agency that is reinventing the collections experience with the use of machine learning technology to help customers resolve their debts, announced it has acquired Sentry Credit, Inc. (Sentry). Through this strategic acquisition, TrueAccord continues to accelerate its industry-leading growth with an expanded client portfolio and the addition of Sentry’s first-party collection and litigation services.

  • More details here.

WORTH NOTING: Insights and information about Pope Leo XIV, the first American pontiff ... Why your headache is worse when you drink red wine instead of white or sparkling ... Minnesota has a new law updating its wage garnishment forms ... Why you may want to ask your chatbot to not be short and sweet with their answers ... Are you one of 34 million Americans who are living in a city that is sinking? ... Cracker Barrel is bringing back a menu item that people have been requesting for years ... A family of a man who was killed in a road rage incident is using AI to allow him to address his killer in court ... I got a note from my kids' school district about this trend going viral on TikTok, too.

Funny Friday, part I

Funny Friday, Part II

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