Daily Digest – March 4. Healthcare Complaints Decline; Commercial BK Filings Spike

THE (COMPLAINT ABOUT THE) DOCTOR IS OUT

• The number of complaints related to healthcare collections filed with the Consumer Financial Protection Bureau have declined steadily during the last few months of 2015. A couple of possible explanations include a lag in the CFPB processing complaints with narratives, and a 180-day waiting period before reporting debts to credit bureaus having a positive impact.

COMMERCIAL BK FILINGS SPIKE IN FEBRUARY

• Consumer bankruptcy filings declined marginally in February, compared with the same month last year, while commercial bankruptcy filings increased dramatically, according to data published by the American Bankruptcy Institute.

SHARING INFORMATION SECURITY BEST PRACTICES

• Keeping data secure, especially when selling portfolios, has never been more important. That includes how portfolios are transmitted, the amount of documentation that is provided, and how employee access to sensitive data is controlled and monitored. Data security best practices are discussed in this article, sponsored by Bayview Risk Management Capital.

WORTH NOTING: Costco is raising its minimum wage by $1.50 per hour – the first raise in nine years … Dogs are being used to sniff for a tree-killing disease in Florida orange groves … M&M’s unveiled three new flavors … Today’s jobs report will either fuel or quash fears of a recession … The CFPB has fined a company $100,000 for not having strong enough data security … Working for a boss who is always mean and unfair may actually make employees more satisfied … Who won last night’s Republican presidential debate in Detroit … How much you have to earn to afford a home in 19 different U.S. cities … Three business skills they don’t teach you in school … Free services you should be using to save money.

Not sure how I feel about this

How Morgan Freeman learned to talk like that

If you have a tip or item you would like to share, or are interested in sponsoring the Daily Digest, please contact me at [email protected].