Home / Daily Digest / Daily Digest – August 9. Getting to Know Anita Manghisi of Independent Recovery Resources; Report Calls on Regulators to Help Modernize ARM Industry, Improve Disclosures

Daily Digest – August 9. Getting to Know Anita Manghisi of Independent Recovery Resources; Report Calls on Regulators to Help Modernize ARM Industry, Improve Disclosures

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.

 

GETTING TO KNOW ANITA MANGHISI OF INDEPENDENT RECOVERY RESOURCES

  • Let’s get one thing straight right off the bat. Going to the gym should never be anyone’s guilty pleasure. But, in this case, perhaps it is a very insightful indicator into the type of driven and motivated individual that Anita Manghisi is. Reading her answers to these questions, it is clear that Manghisi loves the industry and will do anything she can to protect it and help make it better. When she puts her mind to something, you can count on it getting done. Manghisi has been a prominent presence in the ARM industry for a number of years and has no problem speaking her mind. Read on to learn more about Anita and why she isn’t afraid to leave something on her desk until tomorrow.

 

REPORT CALLS ON REGULATORS TO HELP MODERNIZE ARM INDUSTRY, IMPROVE DISCLOSURES

  • A report, issued last month by the Treasury Department, calls on the Bureau of Consumer Financial Protection to push forward with a proposed rule for the debt collection industry, specifically that the rule should focus on the information that is transferred to a collection agency or a debt buyer by a creditor and expanding the standard for validation letters to help individuals better understand the debt that is owed.

 

CONSUMER ADVOCACY PUBLISHES ARTICLE ABOUT HOW TO USE SOL AS DEFENSE AGAINST LAWSUITS

  • An attorney with the National Consumer Law Center has published an article detailing how attorneys can use the confusing array of trying to determine when the statute of limitations on a credit card debt expired as a means of having lawsuits filed by collection agencies or debt buyers against individuals dismissed.

 

ENCORE CAPITAL RELEASES EARNINGS, TALKS ABOUT INCREASED SUPPLY OF CREDIT CARD DEBT

  • Revenue and profits were up at Encore Capital Group, which reported its second quarter financial statements yesterday. The company had revenue of $350 million for the second quarter of 2018, up from $291 million in the same quarter a year earlier. Net income at the company was $26.3 million for the quarter, up from $20.2 million in the same period last year.

 

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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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