FREE WEBINAR: How to Beat Professional and Pro Se Plaintiffs. Thursday, March 23 @1pm EDT. Join a panel of legal heavyweights — David Kaminski, Manny Newburger, Amy Jonker, and John Bedard as they share stories and strategies to help collection agencies defend against professional and pro se plaintiffs. Sponsored by WebRecon. REGISTER NOW.
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SQUARE TWO FILES FOR BANKRUPTCY
- Square Two Financial Corp. filed for Chapter 11 bankruptcy protection yesterday, announcing an agreement to sell its portfolio of assets to Resurgent Holdings for an investment of $405 million. The proceeds from the agreement will result in a final purchase price of $264 million for 100% of the reorganized company. Square Two will close its U.S. operations on close of the deal, while Resurgent will keep the company’s Canadian operations running.
HOUSE COMMITTEE HOLDING HEARING ON CFPB STRUCTURE
- The House Financial Services Committee has announced it will hold a hearing tomorrow, “The Bureau of Consumer Financial Protection’s Unconstitutional Design.” Witnesses include Theodore Olson, the former Solicitor General of the U.S., a law professor, and two representatives from D.C. think tanks.
MORE POWER LEADS STATE TO TAKE BACK COLLECTIONS FROM PRIVATE AGENCY
- The state of Arizona has more power than a collection agency does, which is why it has taken back 180,000 cases of unpaid traffic fines to a state-run agency instead of placing them with a private company. The state can refuse microsoftproductssettlement to allow drivers to renew their licenses of vehicle registrations in the event of unpaid fines, a penalty that no private collection agency can offer. The influx of individuals attempting to resolve their debts has been so significant that the state has had to hire more staff to handle the workload.
WORTH NOTING: A dozen families share the financial trade-offs they must make every day to survive … Here is a list of the 138 J.C. Penney stores that are closing … Seven steps to winning new customers … Which states would be the biggest winners and losers under “TrumpCare” … “Beauty and The Beast” had a huge opening weekend … A photo gallery of workers who snap selfies while dangling from skyscrapers … The confirmation hearings for Supreme Court nominee Neil Gorsuch begin this week … Americans have more money, but are less happy, than they were a decade ago … A child is poisoned by an opioid every 45 minutes, according to a new study … How to counter negotiate when the other side says they can’t pay.
Food tips and tricks from Jamie Oliver
I’ve been there kid. It only gets better
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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.