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CHICAGO LOOKING TO BOOST REVENUE BY IMPROVING DEBT COLLECTION
- The city of Chicago is ramping up its efforts to boost revenue by writing more tickets and improving its debt collection efforts. Central to that strategy is using more and better data analytics as a means of helping raise an additional $11 million next year. A pilot program that cracked down in several neighborhoods yielded nearly $3 million in extra revenue and will now be expanded citywide.
WEBSITE IDENTIFIES STATES WHERE INDIVIDUALS ARE IN THE WORST FINANCIAL SHAPE
- Debt.com has released its “credit hell” map, showing which states have the most individuals in the “worst shape,” financially. Florida and Georgia were the states identified as having the largest amount of credit card debt relative to the median incomes in those states, while Iowa and Nebraska were the states where individuals are in the best financial shape.
LAW FIRM USING UNCONSTITUTIONAL DEFENSE WINS APPEALS COURT STAY IN CASE FILED BY CFPB
- A law firm that is attempting to fight a civil investigative demand from the Consumer Financial Protection Bureau has won a battle in the Ninth Circuit Court of Appeals. The law firm, Seila Law, is tangled up in the CFPB’s suit against Morgan Drexel, a debt relief firm. Seila Law is arguing that the CFPB’s leadership structure is unconstitutional, in part because of another Appeals Court ruling, which is being appealed by the CFPB. A stay in the suit has been granted by the Ninth Circuit, which leads one law firm to believe that Seila Law has a decent chance of prevailing in its case.
COULD YOUR FRIDGE PAY YOUR UTILITY BILL?
- Could your television and your fridge start negotiating and paying their portion of your utility bills automatically? One technology company thinks its possible. The proliferation of smart homes and smart devices are inching the world closer to making “invisible payments,” according to Worldpay and payment processing company based in London. No word on whether the fridge will answer when the debt collector calls if a payment is missed.
EHR, RCM COMPANIES ANNOUNCE MERGER
- Medsphere Systems Corporation and Stockell Healthcare Systems have announced a merger of the two companies. The union will unite the electronic health records expertise of Medsphere and the revenue cycle management expertise of Stockell.
WORTH NOTING: A high school football coach in Maine has been fired after allegedly telling his team to taunt a player who has two mothers by asking “Who’s your daddy?” … A $4 trillion budget that paves the way for tax reform was passed by the Senate yesterday … Rent, as a percentage of overall income, is at a historical high point, which is stressing out consumers … A painting that is expected to be sold for more than $100 million may not be a real Leonardo da Vinci because of how he chose not to link art and science together in a part of the artwork … A quarter of Americans may be better off using ridesharing apps than owning a car because of the total cost of ownership … The ending of last night’s Chiefs-Raiders game was chaotic, to say the least … The number of unemployment claims is at its lowest point in 44 years … Three million Americans carry loaded handguns around with them every day, according to a new study … A new study claims open offices are really bad for productivity.
There is going to be a meteor shower this weekend
The conspiracy theories about a body double for Melania Trump won’t go away
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.
