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WHAT HAPPENS WHEN YOU TRY TO DATE SOMEONE OUT OF YOUR LEAGUE
- A federal district court has — for the first time — quashed a civil investigative demand letter issued by the Consumer Financial Protection Bureau. Granted, the case involved the CFPB trying to investigate how an organization accredits for-profit colleges, but a win against the CFPB is a win against the CFPB. The court took the CFPB out to the woodshed in issuing its opinion, saying newly formed agencies like the CFPB “must be especially prudent before choosing to plow head long into a field not clearly ceded to them by Congress.”
WHAT HAPPENS WHEN YOU START GOING TO THE GYM AND EATING RIGHT
- A “renewed” interest in merger & acquisition activity in the collections industry led to nine deals being closed, with a combined enterprise value of $450 million, according to Corporate Advisory Solutions, an advisor to the industry. The interest came from private equity firms, offshore companies, and corporations looking to divest themselves of collections businesses. More consolidation in the industry is expected to occur through the rest of 2016.
WHAT HAPPENS WHEN YOU FIND YOUR SOULMATE
- A successful partnership between an Illinois county and a collection agency has yielded more than $8 million in recovered fines and court fees in the past four years. The partnership has been so successful that the agency has actually set up an office in the Winnebago County Public Safety Building to accept payments.
WORTH NOTING: For the first time in 13 years, Apple reported a decline in quarterly revenue, but still has $233 billion in the bank … A tour inside the new offices of LinkedIn … Sales of Prince albums have soared 16,000% in the past week following his death … People are going broke trying to attain the American Dream … A preview of the general election: Trump vs. Clinton … Making the case for the Fed to raise interest rates … Cyber attacks on small businesses on the rise … How Johnny Manziel’s career cratered … Chipotle is adding more items to the menu … The whole restroom policies are getting out of control … How to send cold emails that don’t suck … Daily habits to improve your life.
Five jobs in danger of extinction
Inside a 232-square foot apartment that sold for $425,000
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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.
