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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.
WISCONSIN LIBRARIES SENDING OVERDUE ACCOUNTS TO COLLECTIONS
- A pair of public library systems in Wisconsin are planning to start sending overdue accounts to collection agencies, thanks to a new state law that went into effect earlier this year allowing the practice. Any individual with overdue materials in excess of $50 can have their account sent to collections. “Some libraries want to start [using collection agencies] yesterday,” said the director of one library system in Wisconsin.
A PRIMER ON MARKETPLACE LENDING
- A growing number of collection agencies are looking at marketplace lending as a potential business opportunity. The industry itself is small, but gaining popularity, and marketplace lenders, also known as peer-to-peer lenders, are just starting to see their first problems with delinquencies and defaults. Here is an overview of the industry and some of the issues when it comes to servicing and collecting those debts.
CFPB MUST DO MORE TO ENSURE UNIFORMITY OF COLLECTION LAWS: EDITORIAL
- The Consumer Financial Protection Bureau must “lead the way” in making it less onerous for collectors and strengthen consumer protection by ensuring “uniformity” of collection laws at the state and federal level, according to an editorial in the Rochester (N.Y.) Democrat & Chronicle. The “patchwork” of state and federal laws create an “opportunity for abuse and confusion.”
WORTH NOTING: Why waiting for the perfect job may be a very bad idea … Economists disagree about outlook for automotive industry … Bad news for Tiger Woods – Nike is getting out of the golf business … The Trump Taj Mahal casino in Atlantic City is closing, and taking 3,000 jobs with it … Uber is spending $500 million to develop its own mapping application, trying to top Google and Apple … The 12 habits of genuine people … Those new credit and debit cards with the chips can be easily hacked … Five ways to tame your email inbox … Using twins, scientists have uncovered that married people drink more than single people … Health “facts” you’ve been told that are all wrong.
President Obama’s approval rating is the highest for any president since Bill Clinton
A test to prove if you are a good multi-tasker
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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.
