Daily Digest – August 24. Video Summarizes CFPB Proposals; Asta Funding Names New Board Member

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VIDEO AIMS TO SUMMARIZE CFPB DEBT COLLECTION PROPOSALS

• AffirmX, a company that provides compliance solutions to financial institutions, has published a five-minute video that summarizes the Consumer Financial Protection Bureau’s recent proposals to further regulate the debt collection industry. The video might serve as a quick guide to the changes and help collection agencies get up to speed about what the CFPB is proposing.

ASTA FUNDING NAMES NEW BOARD MEMBER 

• Asta Funding has announced that Mark Levenfus, the chairman of Morison KSi Ltd., a global association of accounting firms, has been added to the board of directors. Levenfus will chair the debt buyer’s audit and governance committees. The appointment may have been a reaction to an unhappy investor in Asta questioning the company’s corporate governance structures.

WORTH NOTING: The Federal Reserve Board appears to be satisfied with the direction the economy is headed … Donald Trump is turning to Fox News host Sean Hannity for advice … Three decision-making strategies based on science … Why “but” is a filthy three-letter word you should avoid at all costs … How Uber is planning to put its drivers out of business … The secret to becoming exactly who you want to be …  The meditation app loved by Wall Street bankers and Olympic athletes … How being greedy works against you … The 10 things that strong leaders will not tolerate … Gas prices are slowly rising … How technology will change the way we commute … A strategy that works when making cold calls.

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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.