The Daily Digest is sponsored by T-Max Dialer & Communications, the leader in hosted inbound and outbound dialer technology.
DEBT BUYERS SEEING MORE DEALS, AS SELLERS OLD AND NEW PUT PORTFOLIOS UP FOR SALE
- In an article sponsored by Bayview Solutions, LLC, the debt-buying industry, all but left for dead a few years ago, is enjoying a resurgence in 2017, thanks to the return of sellers that had left the market, and an influx of sellers from new asset classes, including auto loans and marketplace loans. Buyers and sellers are also buoyed by the expectation that the Trump administration will be less interested in regulating the industry as the previous administration was, and that regulatory actions taken by agencies like the Consumer Financial Protection Bureau have had the effect of establishing clear boundaries about what is, and what is not, allowed.
HOW TO APPLY ARTIFICIAL INTELLIGENCE IN COLLECTIONS
- Artificial intelligence, or AI, is the new technology trend that everyone in business is talking about, and there are even applications in debt collections. This article looks at four areas of the industry that could be improved through increased automation and putting algorithms to better use.
FINANCIAL CHOICE 2.0 GETS DAY IN SUN; RETAILERS ASK FOR CHANGES
- The Financial CHOICE 2.0 Act had its day in the sun yesterday, during a hearing of the House Financial Services Committee. The bill will be voted on by the committee as early as next week, according to a published report, and then move to the full House for approval. Based on the tenor of yesterday’s hearing, the bill should emerge from committee without any major changes. Meanwhile, retailers are calling on Congress to make changes to the bill, and are lobbying Congress not to approve some of the proposals in the proposed law.
TOWN LOOKING TO REPLACE COLLECTION AGENCIES WITH COLLECTION LAWYER
- Taking a look at how small town governments work, and bucking the trend of many municipalities, the city of Westbrook, Maine, is considering hiring an collections lawyer, at $225 an hour, to collect on unpaid taxes and parking tickets, and leaving the collection agencies it has been using. The city is not happy with the service provided by the collection agencies.
WORTH NOTING: The four skills you need to make a great impression … Six things that are likely holding you back at work … How one of the toughest negotiators in the country handles haggling … The seven key elements of the tax plan unveiled yesterday by the White House … ESPN cut a lot of well-known people yesterday … United Airlines is now offering passengers up to $10,000 to give up their seats … Why getting fired is worse than getting divorced … The NFL draft starts tonight … All the Disney movies being released between now and 2020 … How to Instagram like a teenager … Amazon wants to help pick your outfit.
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The Daily Digest is sponsored by T-Max Dialer & Communications, the leader in hosted inbound and outbound dialer technology.
