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.
EXPERTS OFFER INSIGHTS INTO HOW AGENCIES CAN GROW IN TODAY’S ENVIRONMENT
- Harry Strausser and Nick Jarman, two of the most respected names in the business got together this week during a webinar, sponsored by VoApps, to share their tips and insights into how best to grow a collection agency in today’s environment.
JUDGE RULES PASSIVE DEBT BUYER MEETS FDCPA’S ‘PRIMARY PURPOSE’ DEFINITION OF DEBT COLLECTOR
- In a case that was first reported by Buckley Sandler, a federal judge in Pennsylvania has ruled that a debt buyer that purchased a portfolio which included accounts where the statute of limitations had expired does qualify as a “debt collector” under the Fair Debt Collection Practices Act and denied a motion from the defendant to dismiss the case.
DELINQUENCY RATES ON AUTO LOANS IMPROVE AS MORE LENDERS TIGHTEN LENDING GUIDELINES
- The 30-day and 60-day delinquency rate on auto loans is beginning to improve, a result of auto lenders tightening the underwriting criteria they use to approve loan applications in recent years, according to data released this week by Experian. The data was part of Experian’s quarterly auto finance report.
UPDATED: CURRENT, FORMER MEMBERS OF CFPB’S CONSUMER ADVISORY BUREAU FROM ARM INDUSTRY SHARE THEIR THOUGHTS
- Ohad Samet, the chief executive of TrueAccord, was one of the people fired on Wednesday by Mick Mulvaney, the acting director of the CFPB. He, and Joann Needleman, the leader of the Consumer Financial Services Regulatory & Compliance group at Clark Hill, as well as the immediate past President of the Board of Directors of the National Creditors Bar Association (NARCA), and a former member of the Consumer Advisory Board, shared their comments about Mulvaney’s decision.
CHERYL KANANOWICZ JOINS REVSPRING AS VP OF FINANCIAL SERVICES
- RevSpring is pleased to announce the appointment of Cheryl Kananowicz as the Vice President of the Financial Services division. Kananowicz brings more than 20 years of sales, customer experience and senior leadership expertise in technology-based services solutions.
WORTH NOTING: A former Pro Bowl tight end has been arrested for burglary at a mobile home park in California … The best movies of 2018 (so far) … The makers of Country Time Lemonade have announced they will defend anyone who is fined for operating a lemonade stand … The seven things you need to do everyday if you want to be considered to be a great boss … It’s easier to get into Harvard than it is to get approved to open a Chick-fil-A franchise … Sprint is offering $15 a month for unlimited talk, text, and data … Congrats to the Washington Capitals, for restoring some sanity to the NHL … TJ Oshie on winning the Cup for his Alzheimers-afflicted father … The husband and wife intrigue makes this story a lot more interesting … Starbucks is raising its prices.
How to survive a road trip with kids
How to make sure you recover your stuff in the event of a disaster
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.
