Editor’s Note: The Daily Digest will not be published on Monday, July 4. It will return on Tuesday, July 5.
The Daily Digest is sponsored by TCN, a leading provider of cloud-based call center technology for enterprises, contact centers, BPOs, and collection agencies worldwide.
REPORT AIMS TO ASSESS IMPACT OF LOCAL ECONOMIC CONDITIONS ON DEBT COLLECTIONS
- Individuals in the southern and western states are more likely to have a debt in collections, according to a report issued by The Urban Institute. The report aims to look at local-level data, such as housing, healthcare, and labor market, and correlate that information to the amount of financial distress individuals in those neighborhoods are in. Perhaps not surprisingly, areas with lower education levels, lower health insurance coverage, and lower homeownership rates are more likely to be behind on some of their financial obligations.
CRIME VICTIMS NEED HELP RECOVERING COURT-ORDERED RESTITUTION
- The state of Maryland is considering instituting a debt collection model to help improve the rate in which crime victims receive restitution from the individuals convicted of those crimes. The current collection rate is at 3%, according to the Maryland Crime Victims Resource Center, meaning 97% f court-ordered restitutions are not repaid. In one case, it took four years for a man whose car was stolen to receive any money from the individual convicted of stealing the vehicle.
BILL AIMS TO AMEND FCRA, FDCPA TO PROVIDE MORE PROTECTIONS TO VETERANS
- We’ll have more on this on AccountsRecovery.net, but a bill has been introduced in the House of Representatives that would establish requirements for collectors trying to recover unpaid debts from veterans who are part of the Veterans Choice program. Collectors would have to alter their communications with members of the Veterans Choice program under the terms of the bill, and would have to delay reporting unpaid debts to the credit bureaus that are part of the program.
WORTH NOTING: Ten founders of million-dollar companies share their morning routines … In honor of the 4th of July holiday, here are the 24 best beaches in America … As someone who lives — and fills up in New Jersey — seeing gas prices go up 23 cents per gallon is not something I am looking forward to … I have to admit I was a little surprised to see her name as the top-grossing movie actress of all time … There was a fatal crash involving a Tesla vehicle that was on “autopilot” mode, which is the first fatality involving a self-driving car … Give yourself more time at the airport if you are traveling this weekend … The smart way to make powerful connections that last … Two-thirds of all fireworks-related injuries for the year will likely happen this holiday weekend, according to last year’s emergency room visits … Hillary Clinton is spending $500,000 a day on TV ads; Donald Trump isn’t spending anything … For the first time ever, people with college degrees make up a larger percentage of the workforce than people without degrees, according to a new study … Five tips to beat procrastination.
A look inside the control room used to monitor 5,000 planes
In honor of Canada Day, some tips on how to be Canadian
If you have a tip or item you would like to share, or are interested in sponsoring the Daily Digest, please contact me at mike@canvasbusinessmedia.com.
The Daily Digest is sponsored by TCN, a leading provider of cloud-based call center technology for enterprises, contact centers, BPOs, and collection agencies worldwide.
