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RMA ADDS JUDGMENTS TO CERTIFICATION PROGRAM
- For the first time, the ARM industry has a defined process when buying and selling judgments. The Receivables Management Association last month released an update to its Receivables Management Certification Program (RMCP) that covers the sale of assets secured by a judgment.
DEBT BUYER FINED $25 MILLION ASKS FOR NEW TRIAL
- A Houston debt buyer who was fined $25 million after being convicted of improperly suing more than 900 individuals has requested a new trial. Joseph Onwuteaka claims that the jury extrapolated evidence it heard from just a few witnesses and the award was not supported by evidence that Onwuteaka or his firm violated any state law or statute.
UNIVERSITIES IN SPOTLIGHT FOR SENDING UNPAID TUITION ACCOUNTS TO COLLECTION AGENCIES
- Public colleges and universities in Virginia are in the spotlight for sending unpaid tuition accounts to collection agencies, often while the individuals are still trying to get their degrees. The collection agencies often tack on fees as high as 30% to the outstanding balance, which makes it more difficult for individuals to pay off the debts. Colleges and universities are fighting against dwindling budgets and are using the collection agencies to cover expenses.
BK FILINGS DECREASE IN JULY
- The total number of consumer and commercial bankruptcy filings declined 8% in July, compared with June, according to data released by the American Bankruptcy Institute. On a year-over-year basis, commercial filings were down slightly while the number of consumer filings was marginally higher than last July.
WORTH NOTING: The Google employee who wrote a memo basically saying that women were never going to be as successful in technology as men has been fired … The seven things that good leaders do to keep employees happy, according to a new study … Seven body language hacks to try when meeting new people … Five signs you’re in a bad workplace … The 39 best ways to burn the most calories possible in an hour … I’m sure this is no laughing matter in real life, but the headline is funny: Papa John’s is telling people who can’t eat gluten not to eat its gluten-free pizza … Cheetos is opening its own full-service restaurant in New York for three nights and has a celebrity chef working on the menu … A couple purchased a private street in San Francisco … A victim of the 9/11 terrorist attacks has been identified, nearly 16 years after the tragedy.
How much time it takes to burn off the calories in popular junk foods
A control tower in Sweden has been turned into an apartment
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.
