The Daily Digest is sponsored by Beam Software. A Microsoft Gold Certified Partner, Beam is a thought leader in portfolio management and collection software. They offer both cloud-based and on-premise solutions to accommodate the entire collection continuum. For more information, please visit www.beamsoftware.com or call (800) 212-2326.
FIELD REP FILES CLASS-ACTION LAWSUIT AGAINST EMPLOYER, ALLEGING COLLECTION-RELATED DUTIES MAKE HER EMPLOYEE, NOT CONTRACTOR
- A woman who worked for a pair of field service companies by going out and attempting to make contact with individuals who had unpaid debts is suing the firms, alleging they violated the Fair Labor Standards Act by classifying her and her co-workers as independent contractors and not employees, thereby forgoing having to pay overtime and make sure they earned a minimum wage.
HOUSEHOLD DEBT LEVEL SETS NEW RECORD, DELINQUENCY RATES ON AUTO LOANS & CREDIT CARDS ALSO RISE
- The total amount of household debt held by individuals in the United States rose for the 15th consecutive quarter and now stands at $13.21 trillion, which is $536 billion more than the previous peak set nearly a decade ago, according to data released yesterday by the Federal Reserve Bank of New York.
MILLENNIALS ON SHAKIER FINANCIAL GROUND THAN PREDECESSORS: STUDY
- At roughly the same points in their lives, millennials had fewer assets, more debt, and a lower net worth than members of Generation X, according to data released yesterday by the Federal Reserve Bank of St. Louis.
PDCFLOW AND SOAR PAYMENTS ANNOUNCE COLLABORATION TO OFFER POWERFUL PAYMENT SOLUTION TO MERCHANTS
- Payment hub software PDCflow is excited to announce a collaboration with Soar Payments. The relationship will benefit merchants across numerous industries by helping consolidate their back office processes through an all-in-one system.
WORTH NOTING: Frozen vegetables are growing in popularity … A professor was blocked from trying to raise the grades of female students to get more women into information sciences … How baby boomers broke America … At this point, I’d believe that Wells Fargo was to blame for kidnapping the Lindbergh baby … This must be awesome news to migraine sufferers everywhere … How to encourage employees to take leadership roles … People who live in smaller towns and rural areas are happier than those who live in big cities, according to scientific research … Smartphones that are being tossed into the garbage are causing a lot of fires … My wife won’t agree with this, but why you should stop killing spiders in your home … Bill Gates says President Trump can’t tell the difference between HIV and HPV … A history of Royal Weddings in pictures … Ten things we learned from President Trump’s financial disclosure report.
How to tell if someone is lying
How to draw faces
The Daily Digest is sponsored by Beam Software. A Microsoft Gold Certified Partner, Beam is a thought leader in portfolio management and collection software. They offer both cloud-based and on-premise solutions to accommodate the entire collection continuum. For more information, please visit www.beamsoftware.com or call (800) 212-2326.
