Home / Daily Digest / Daily Digest – July 12. How to Cut Waste, Not Corners; President Issues Executive Order to Change Hiring Process for ALJs

Daily Digest – July 12. How to Cut Waste, Not Corners; President Issues Executive Order to Change Hiring Process for ALJs

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.

 

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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.

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