Business

Thousands of Consumers Sue Debt Collectors

The web site Credit Reporting & Debt Collection News claims that Chrystal A. Snow's $8.1 million debt collector judgment is a function of Texas law that would not be possible under the federal Fair Debt Collection Practices Act (FDCPA): The FDCPA does NOT allow for PUNITIVE damages unless it is a CLASS ACTION. The lack of punitive damages is a MAJOR flaw in the FDCPA. Debt collectors and debt buyers have NOTHING to worry about in MOST states, with California and Texas being notable exceptions. ... (read more)

2010/04/08

Woman Sues Debt Collector, Wins $8.1 Million

At courthouses across the United States, it has become increasingly common during the economic downturn for lawsuits to be filed against consumers to collect old debts. Lawyers who specialize in the practice are filing thousands of suits on behalf of large firms that have acquired debts from other companies. Although most people don't fight the suits and lose them by default, a Dallas woman bucked the trend last October. Chrystal A. Snow challenged the validity of a $9,000 debt in a Dallas ... (read more)

2010/04/05

Readers Have Never Paid for the News

British commentator Libby Purves has become the latest veteran journalist to declare that Internet freeloaders are ruining the newspaper business and they need to start paying for the media they consume, or else trained professionals like her will take their inverted pyramid and go home. In response to the switch of London's Evening Standard to free circulation, Purves writes: Call me a reactionary, call me a Murdoch lackey, but the fact is that, after a vague flirtation with the concept ... (read more)

2009/10/15

Advanta Closes One Million Credit Card Accounts

Advanta, a credit card provider for small businesses, announced today that it is shutting down all one million of its customer accounts on May 30. As a longtime customer I was told today via email that I must stop using the cards in four days. The bank has reassured me, however, that I may keep paying the bill after that date. "You may continue to pay down your account balance over time, as allowed under your Advanta Business Card Agreement," the email states. Since Advanta has been jacking up ... (read more)

2009/05/26

Bit.ly Builds Business on Libya Domain

The URL shortening service Bit.ly just secured $2 million in financing from investors including O'Reilly's AlphaTech Ventures. Though URL shorteners have been around for years, Bit.ly believes there's money in offering Twitter-friendly short links along with web analytics to track how the links are used. The company reports that its links were clicked 20 million times last month. So far, the news coverage I've read about Bit.ly has neglected an unusual aspect of the startup: It's one of the ... (read more)

2009/03/31

ScottsMoneyBlog.Com's Get-Rich-Click Scheme

The 11-day-old web site ScottsMoneyBlog.Com is selling an amazing money-making work-at-home business opportunity for only $1.98. "Would you like to make $5,000 a month posting a link on Google?" asks Scott Hunter in an ad I spotted today on the Drudge Report. "Get paid $5 to $30 for every website link that you post on Google. No one needs to buy anything from you or Google in order to get paid." I'm not clear on what Scott means by posting links "on Google," but he's wearing a tuxedo, so he ... (read more)

2009/03/28

Newspapers Have Been Dying Since the '50s

Debra J. Saunders has an impassioned rant in today's San Francisco Chronicle about how we'll all be sorry when newspapers are dead: News stories do not sprout up like Jack's bean stalk on the Internet. To produce news, you need professionals who understand the standards needed to research, report and write on what happened. If newspapers die, reliable information dries up. ... I wonder who will be around in five years to cover stories. Or what talk radio will talk about when hosts can't ... (read more)

2009/02/26

TechCrunch Runs Bogus Last.fm Rumor

Late Friday, TechCrunch ran a single-sourced allegation that the CBS-owned music-recommendation service Last.fm had handed over user data to the RIAA for use in illegal file-sharing lawsuits: ... word is going around that the RIAA asked social music service Last.fm for data about its user's listening habits to find people with unreleased tracks on their computers. And Last.fm, which is owned by CBS, actually handed the data over to the RIAA. According to a tip we received: I heard from an irate ... (read more)

2009/02/23

User-Generated Content Event Offers Super Speaker

There's a User-Generated Content Expo being held in San Jose, Calif., next month. Keynote speakers include Craigslist founder Craig Newmark and CafePress founder Fred Durham. While browsing the list of speakers to see if they invited any actual content-generating users, I found one of the greatest speaker bios I've ever read. Meet Dawn Clark, founder of DawnClark.Net: A pioneer in the field of Cyberenergetics, Dawn Clark is a sensitive who stands at the nexus of science and spirituality. Fields ... (read more)

2009/01/13

Streamline Your Consolidated Resources

I love the thick coat of BS that Wizards of the Coast President Greg Leeds laid down to justify the layoffs this week of around 20 employees, including longtime Dungeons & Dragons game designers Jonathan Tweet and Dave Noonan: Consolidating internal resources coupled with improved outsourcing allows us to gain efficiencies in executing against our major digital initiatives Magic Online and D&D Insider. Wizards of the Coast is well positioned to maximize future opportunities, including further ... (read more)

2008/12/05

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