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ARTICLE SHAMES COLLECTIONS PROFESSION AS ONE OF ITS OWN STANDS UP FOR ITSELF
- If you want to know why the collection industry is weary of the mainstream media, this is why. An article about a collection agency standing up to plaintiffs attorneys allegedly trying to scam starts with the following: “It’s shaping up to be a battle royale between members of some of the least popular professions in New Jersey.” Calling debt collections one of “the least popular professions” as it tries to stand up and defend itself is exactly why every time an AccountsRecovery.net Member Profile is published, when asked what is the one thing that could be changed about the industry, everyone always talks about the negative perception of collections. I wonder where that perception comes from.
NUMBER OF OLDER AMERICANS WITH STUDENT LOANS EXPLODES
- Now that I am off my high horse, let’s talk about a report from the Consumer Financial Protection Bureau that details how the number of Americans over the age of 60 with student loans has quadrupled during the past decade. The amount those individuals owed doubled, on average, to $23,000. The rising student loan debt burden for older Americans is calling their retirement security into question.
FORMER PARTNER IN COLLECTION AGENCY NOW A MEMBER OF HOUSE FINANCIAL SERVICES COMMITTEE
- A former partner in a collection agency is now a member of the House Financial Services Committee. Rep. David Trott [R-N.Y.] was named to the committee by chairman Rep. Jeb Hensarling [R-Texas] yesterday. From ACA International: Before his election to Congress, Trott was a partner at Trott Recovery Services, PLLC, a debt collection law firm, and a managing partner at Trott & Trott, a foreclosure law firm in Michigan.
ROSENWORCEL RE-NOMINATED AS FCC COMMISSIONER; BUT CONFIRMATION IS UNLIKELY
- Perhaps for no other reason than solidarity, President Barack Obama has re-nominated Jessica Rosenworcel to be a commissioner of the Federal Communications Commission. A Democrat, Rosenworcel has been one of the five FCC’s commissioners since 2012. It appears unlikely that the Senate will consider her nomination before President-elect Trump takes office in two weeks.
JUDGE SUSPENDED FOR ETHICS VIOLATIONS STEMMING FROM COLLECTION ISSUES
- An Alabama judge has been found guilty of ethics violations, and suspended until this coming October, largely for not making sure defendants could afford to pay the fines he was meting out. The fines and the judge’s behavior led to five lawsuits filed against the city for unlawful collection practices.
WORTH NOTING: Is the end of the mall department store at hand? … The jobs with the most potential in 2017 … How to close a year’s worth of business in the first 90 days of 2017 … Only one-in-five Americans support the Republicans’ plan to repeal the Affordable Care Act … 26 things under $20 that we use every day … Wells Fargo is giving raises to 25,000 entry-level workers … Maybe nice guys don’t finish last after all … How much NFL players earn for playing in the playoffs … I know everyone has been waiting for this: The adult coloring book fad may be over.
Couldn’t find a version in English, but even in Russian, this was an awesome hockey game
Why you shouldn’t give kids a foul ball
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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.
