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.
HOW TO CUT WASTE, NOT CORNERS
- It can be very easy for expenses to get out of hand inside a collection agency, especially if someone is not paying close attention to where the money is going. A panel of agency executives shared their tips and experiences of how they manage to try and keep expenses down while still trying to grow their agencies. And each of them said not only was it possible to manage expenses and grow an agency at the same time, but that it is borderline imperative to a company’s success or failure.
PRESIDENT ISSUES EXECUTIVE ORDER TO CHANGE HIRING PROCESS FOR ALJs
- President Trump has issued an executive order that changes the process under which administrative law judges are hired, in response to a Supreme Court decision that cast some doubt over how those officers had previously been hired.
FCC CONSIDERING RULE THAT WOULD REMOVE AGENCY FROM REVIEWING MOST COMPLAINTS
- The Federal Communications Commission is considering a proposal that would allow the agency to back off from being involved in informal complaints filed by consumers against broadband, TV, and phone companies and instead force individuals to pay $225 to file a formal complaint, should they want the FCC’s involvement in rectifying the nature of the complaint.
DELINQUENCY RATES RISE AMONG MOST LOAN CATEGORIES IN 1Q: ABA
- The delinquency rates on nine of the 11 different types of loan categories rose in the first quarter of 2018 compared with the fourth quarter of 2018, but an economist with the American Bankers Association categorized the increase as more of a return to normalcy following a prolonger period of below-average delinquencies.
PAYPAL SENDS DEAD WOMAN LETTER NOTIFYING HER SHE’S IN BREACH OF CONTRACT
- Can dead people read? Can they receive mail? I ask those questions with my tongue planted firmly in my cheek after reading this article about how PayPal sent a deceased woman a letter notifying her she was in default and demanding payment of her outstanding debts.
RELIANT ACCOUNT MANAGEMENT PARTNERS WITH TELROCK TO DRIVE ENHANCED CUSTOMER ENGAGEMENT
- Reliant Account Management (RAM) announces a strategic and operational partnership with Telrock, a global SaaS provider of digital channel customer engagement tools used by creditors and collection professionals across the credit lifecycle.
WORTH NOTING: How the experts in parenting handle their kids’ screen time … The University of Wyoming’s new slogan has a lot of people upset … Who is the best president of your lifetime? … How much the trade war is costing the average American family so far … The biggest secret to hiring … A Russian asbestos company is using President Trump’s face to promote its product … Papa John resigned as chairman of his company after admitting to using a racial slur … 10 “stupid” ways you’re probably wasting money … Why you don’t like the sound of your own voice … President Trump wants to give Air Force One a new paint job … The invisible burdens of the people around you.
Causing a plane to be diverted is expensive
What it takes to be a World Cup referee
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.
