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.
CFPB ANNOUNCES SETTLEMENT WITH STUDENT LOAN HOLDER, DEBT COLLECTOR
- The Consumer Financial Protection Bureau yesterday announced a settlement with the National Collegiate Student Loan Trusts, in which the trusts will pay $19 million in penalties and audit all 800,000 of its loans to make sure it has the proper documentation should it choose to sue an individual in the future. Transworld Systems, a debt collector hired by the trusts, will also pay $2.5 million in fines. The the NCSLT is being required to audit all of the loans it owns was hailed by consumer lawyers as “unprecedented,” and “fantastic.”
MICHIGAN LEGISLATURE CONSIDERS BILL TO ALLOW AGENCIES TO HIRE ATTORNEYS
- The Michigan legislature is considering a bill that would allow collection agencies to hire an attorney for litigation services or compliance-related activities. The state is one of the few that prohibit collection agencies from hiring attorneys on staff, according to ACA International.
MERGERS CREATE PAIR OF DOMINANT PLAYERS IN RCM SOFTWARE SPACE
- A pair of mergers in the revenue cycle management industry have created RCM “dynamos” that are head and shoulders above the competition, in terms of their market usage. Optum360 was ranked as the top vendor among hospital networks and Navicure and Zirmed, which announced a merger last week, also won special accolades.
WORTH NOTING: Here are 12 must-read books that will raise your emotional intelligence … The eight steps you need to take after booking a meeting to make sure it is productive … Toys R Us has filed for bankruptcy protection … Why Costco is like a gym … Photos that prove servicemembers in the Navy and the Marines have the best diving boards and swimming pools in the world … The best features of iOS 11, which is supposed to be available today … An area of North Carolina may be the couch potato capital of America … President Trump will make his first address to the United Nations today … Two million people installed anti-malware software on their computer that contained malware … Avril Lavigne is the most dangerous celebrity on the Internet … Elf on the Shelf memes are already taking over the Internet.
The most popular names around the world
A robot valet for your car
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.
