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Home Daily Digest

Daily Digest – May 11. Budget Shortfall Will Cost California its CFPB; Senate Dems Introduce Stimulus Bill

mikegibb by mikegibb
May 11, 2020
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BUDGET SHORTFALL CREATED BY COVID-19 WILL COST CALIFORNIA ITS CFPB: REPORT

  • The economic toll of the coronavirus pandemic is not just being felt by individuals. Branches of government at all levels are now starting to feel the impact of lost revenue and increased expenses that have resulted from the crisis and are starting to scale back previously announced plans to make up for the shortfalls, including plans that would have impacted the accounts receivable management industry.

SENATE DEMS INTRODUCE STIMULUS BILL; FUNDS WOULD BE PROTECTED FROM GARNISHMENT

  • A trio of Senate Democrats unveiled a bill on Friday that would provide individuals with a monthly stipend of $2,000 — which would be protected from garnishment by debt collectors — for the duration of the coronavirus pandemic, because the $1,200 that was already made available is not enough to help individuals who have been impacted by the crisis.

EARNINGS UP BIG AT PRA GROUP AS COMPANY DETAILS RESPONSE TO CORONAVIRUS

  • Investors seemed to be very happy with the financial results released last Thursday by PRA Group, given that the company’s stock price rose by 32% on Friday, the day after it published that the first quarter was much better than expected.

BALLAD HEALTH FORMS PARTNERSHIP TO OPEN REVENUE CYLE OPERATIONS CENTER

  • Ballad Health announced on Thursday that it is expanding its partnership with Ensemble Health and will be building a new revenue cycle and information technology operations center in the Appalachian Highlands.

COMPLIANCE DIGEST – EXPERT ANALYSIS ON RECENT CASES

  • Click here to read this week’s Compliance Digest. You’ll get insights and opinions from eight different compliance experts — Helen Mac Murray, Porter Heath Morgan, David Schultz, Dennis Barton, Virginia Bell Flynn, Brit Suttell, Rick Perr, and Laurie Nelson — discussing the impact of recent court cases and legislative updates. You’re not going to get that kind of varied perspective anywhere else. The Compliance Digest is sponsored by The Bedard Law Group.

WORTH NOTING: Things you should know before adopting a dog during coronavirus … “Monday Night Football” will have new announcers next season … Are you one of the people who are booking cruises? … The country’s first concert in months will happen this week in Arkansas … The pandemic is causing a lot of women to burn out and here are some tips that employers can use to help … RIP to the man who created “Festivus” … The impulse purchases that people are making in quarantine … Airlines are not following through on their promise to leave middle seats open.

Jaw-Dropping Why’s

Music Monday

The Daily Digest is sponsored by Microbilt. Designed to help debt collection professionals, MicroBilt’s platform of recovery and skip tracing tools provide quick, convenient, and current data that help you prioritize and successfully track people down and collect. Keep your skip tracing and debt recovery efficient and effective! Contact us to find out about our 90 Day Try Us Program. Call 800-884-4397 or visit www.microbilt.com. 

BUDGET SHORTFALL CREATED BY COVID-19 WILL COST CALIFORNIA ITS CFPB: REPORT

  • The economic toll of the coronavirus pandemic is not just being felt by individuals. Branches of government at all levels are now starting to feel the impact of lost revenue and increased expenses that have resulted from the crisis and are starting to scale back previously announced plans to make up for the shortfalls, including plans that would have impacted the accounts receivable management industry.

SENATE DEMS INTRODUCE STIMULUS BILL; FUNDS WOULD BE PROTECTED FROM GARNISHMENT

  • A trio of Senate Democrats unveiled a bill on Friday that would provide individuals with a monthly stipend of $2,000 — which would be protected from garnishment by debt collectors — for the duration of the coronavirus pandemic, because the $1,200 that was already made available is not enough to help individuals who have been impacted by the crisis.

EARNINGS UP BIG AT PRA GROUP AS COMPANY DETAILS RESPONSE TO CORONAVIRUS

  • Investors seemed to be very happy with the financial results released last Thursday by PRA Group, given that the company’s stock price rose by 32% on Friday, the day after it published that the first quarter was much better than expected.

BALLAD HEALTH FORMS PARTNERSHIP TO OPEN REVENUE CYLE OPERATIONS CENTER

  • Ballad Health announced on Thursday that it is expanding its partnership with Ensemble Health and will be building a new revenue cycle and information technology operations center in the Appalachian Highlands.

COMPLIANCE DIGEST – EXPERT ANALYSIS ON RECENT CASES

  • Click here to read this week’s Compliance Digest. You’ll get insights and opinions from eight different compliance experts — Helen Mac Murray, Porter Heath Morgan, David Schultz, Dennis Barton, Virginia Bell Flynn, Brit Suttell, Rick Perr, and Laurie Nelson — discussing the impact of recent court cases and legislative updates. You’re not going to get that kind of varied perspective anywhere else. The Compliance Digest is sponsored by The Bedard Law Group.

WORTH NOTING: Things you should know before adopting a dog during coronavirus … “Monday Night Football” will have new announcers next season … Are you one of the people who are booking cruises? … The country’s first concert in months will happen this week in Arkansas … The pandemic is causing a lot of women to burn out and here are some tips that employers can use to help … RIP to the man who created “Festivus” … The impulse purchases that people are making in quarantine … Airlines are not following through on their promise to leave middle seats open.

Jaw-Dropping Why’s

Music Monday

The Daily Digest is sponsored by Microbilt. Designed to help debt collection professionals, MicroBilt’s platform of recovery and skip tracing tools provide quick, convenient, and current data that help you prioritize and successfully track people down and collect. Keep your skip tracing and debt recovery efficient and effective! Contact us to find out about our 90 Day Try Us Program. Call 800-884-4397 or visit www.microbilt.com. 

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