GETTING TO KNOW KRIS DAVISSON OF FINANCIAL CREDIT NETWORK
- Kris Davisson might have the best job title in the accounts receivable management industry. I mean, who wouldn’t want to be the “director of encouragement”? It’s that kind of spirit and commitment that has helped Kris spend nearly three decades at the same company; well that and her admiration for her boss. Read on to learn more about Kris, why you’re better off approaching her one-on-one, and where you’re likely to find her every weekend.
- More details here.
JUDGE GRANTS MTD FOR DEFENDANTS IN FDCPA CASE FILED BY SOVEREIGN CITIZEN
- Another day, another sovereign citizen claiming that the government should be responsible for paying his debts. And, just like in the case mentioned yesterday, this case was dismissed by a District Court judge, this time in North Carolina.
- More details here.
PROFITS PLUMMET AT ENCORE AS ECONOMY CONTINUES LIMPING ALONG
- Consumer credit is a cog in the wheel that is the U.S. economy and both move in cycles. During the pandemic, banks tightened their underwriting criteria so they were lending less money, but consumers had cash and were using it to pay off debts. Today, the cycle has changed and banks have more debts to sell, but consumers have less cash to pay. That was one of the key messages delivered by Ashish Masih, the chief executive of Encore Capital Group during a call yesterday with analysts to discuss the company’s first quarter financial performance, which saw profits drop 89% from the same period a year ago.
- More details here.
BILL INTRODUCED IN SENATE TO AMEND FCRA AND GIVE CONSUMERS MORE CONTROL OF CREDIT REPORTS
- A bill has been introduced in the Senate seeking to give consumers greater control over how and when their credit reports are shared by credit reporting agencies in an attempt to undo what the bill’s sponsor labeled a “backwards” system that is currently in place.
- More details here.
WORTH NOTHING: Celebrating 40 years of music from “Weird Al” Yankovic … In honor of Saturday’s Kentucky Derby, a look at one of the race’s great traditions: over-the-top hats … Can you guess the three car models that cost less than $20,000? … I started playing around with this new AI tool last night, which aims to be a supportive companion to you … Scientists share the one simple thing that can make you measurably happier … How to easily peel garlic … A lot of people are worried about the money they have deposited in their banks … How much money Millennials and members of Generation Z need to make to feel comfortable.
Happy Star Wars Day, part I
Happy Star Wars Day, part II
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