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.
LAWMAKER WANTS TO REDUCE CFPB PAY SCALE BY UP TO 25%
- Employees at the Consumer Financial Protection Bureau could see their pay cut by as much as 25% if a bill proposed by Rep. Jeb Hensarling [R-Texas], the chairman of the House Financial Services Committee, becomes law. As part of Rep. Hensarling’s Financial CHOICE Act, employees at the CFPB would be shifted from the pay scale used at the Federal Reserve to the pay scale used by most other federal agencies. While Rep. Hensarling’s bill will die when the current Congressional term ends, he has said he plans to propose a similar measure when Congress reconvenes next year.
HEALTHCARE COLLECTIONS EXPERT SHARES PREDICTIONS FOR 2017
- Shawn Yates, the healthcare product manager at Ontario Systems, shares his prognostications for 2017 in a Q&A. While none of the items may specifically address collections, seeing the likely pain points and problems facing healthcare companies in 2017 should shed some light for collection agencies about how to approach this segment of their business.
ASSESSING SPOKEO’S IMPACT ON FDCPA CASES
- Since the Supreme Court issued its decision in Spokeo vs. Robins, the collections industry has seen a mixed reaction from lower courts about how to apply the Spokeo ruling in cases involving alleged infractions of the Fair Debt Collection Practices Act. Here is a summary of the impact on FDCPA claims.
OHIO BILL WOULD TACK COLLECTION FEES ON TOP OF AMOUNT OWED
- A bill that has passed the Ohio legislature but has yet to be signed by the governor would codify that the fees paid to private law firms collecting on behalf of the state’s attorney general’s office would be added on to the principal, interest and late fees already owed, and not be recouped from the amount collected.
WORTH NOTING: It’s taking a long time to vet the financials of President-elect Trump’s cabinet selections. Is that a good thing or a bad thing? … Looking for a last-minute gift idea? Find inspiration from “The Jetsons” … The 10 worst “Shark Tank” moments of 2016 … More moms are supporting their families, according to a new report … It snowed in the Sahara Desert for the first time in 37 years … If you have to ask for a raise, you’re doing something wrong … The money habits of eventual millionaires … There will not be many A-list celebrities at President-elect Trump’s inauguration.
Behind the scenes at “Saturday Night Live”
Bonding over hot wings
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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.
