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BANKRUPTCY FILINGS DECLINE, BUT PACE OF DECLINE MAY BE LEVELING OFF
- Bankruptcy filings for the first three months of 2016 were 5% lower than the same quarter of last year, according to data released by the American Bankruptcy Institute. Commercial bankruptcy filings, however, were up 24% year-over-year. The rate of decline in overall bankruptcy filings is starting to slow, indicating that filings are leveling off, according to the ABI.
UNIVERISTY ROLLS OUT FINANCIAL AID PACKAGE BASED ON FUTURE EARNINGS
- Students at Purdue University will have the chance to apply for financial aid in exchange for a percentage of their future earnings. Instead of obtaining loans, students will pledge a future portion of their expected income. The downside is that if a student obtains a higher-paying job than expected, the could repay more than what they would have had they obtained a standard student loan.
STUDY REVEALS HIGHER PERCENTAGE OF POOR AND MINORITY CONSUMERS AFFECTED BY DRIVER’S LICENSE SUSPENSIONS
- A higher percentage of low-income consumers end up having their driver’s licenses suspended because of unpaid court costs or fines, according to a study conducted in California. The geographic concentration of licenses suspensions is higher in lower-income neighborhoods, and the study also revealed that black residents are arrested at a higher percentage than other races for court-issued warrants for failing to appear in court. In San Francisco, for example, blacks represent 6% of the total population, but account for nearly half of court-issued warrants.
TCN ROLLS OUT TRADE-UP PROGRAM
- TCN has rolled out a trade-up program for call centers that want to upgrade to cloud-based platforms. A series of benefits, such as free inbound calling for two months and a TCPA compliance suite, among others, are available to new TCN customers.
WORTH NOTING: What parental leave in America really looks like … Chevron is cutting 655 jobs in Houston … An indicted payday lending pioneer had investments in a number of technology companies … It will cost a lot to see Kobe Bryant play his last NBA game … Small business confidence is at a two-year low … The great secret feature of the new Apple iOS … 40,000 Verizon workers are planning to strike … President Obama shares his worst mistake as president … Five ways to dramatically explode your income … Goldman Sachs is paying $5 billion to settle allegations regarding its involvement in the subprime mortgage crisis … Seven daily habits to sharpen your intelligence … What it’s like to work on “Naked and Afraid.”
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The Daily Digest is sponsored by TCN, a leading provider of cloud-based call center technology for enterprises, contact centers, BPOs, and collection agencies worldwide.
