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.
APPEALS COURT OVERTURNS CASE ALLOWING AGENCY TO PURCHASE LAWSUIT AGAINST ITSELF
- The Court of Appeals for the Ninth Circuit has overturned a District Court ruling that allowed a collection agency to purchase a lawsuit filed against it by a plaintiff as liquidation of a judgment. The case has been remanded back to the District Court. The appeals court ruled that using a state remedy – the writ of execution in this case – can not “be used for the purpose of avoiding the impact of federal law.”
REPORT ANALYZES VARIABLES THAT IMPACT STUDENT LOAN DEFAULTS
- A group of researchers from the Federal Reserve Bank of New York have sought out determine the impact of different variables on whether someone defaults on their student loan debt. For example, does the type of college that the individual attended impact default rates? Or, whether the type of degree matters? Or, if the individual dropped out of college?
MORE EXPECT TO NEED TO COVER EMERGENCY EXPENSES IN NEXT 12 MONTHS: SURVEY
- More individuals expect to need $2,000 to cover some sort of unexpected increase, but the number of people who said they would be able to come up with that amount also increased, according to a Federal Reserve Board of New York report issued yesterday. The percentage of people who said they could find a way to come up with that amount was 69.5% in October, up from 65.9% a year ago.
MULVANEY-TO-CFPB RUMORS PERSIST
- The rumors keep circling that President Trump will pick Mick Mulvaney, the current head of the Office of Management and Budget, to replace Richard Cordray on an interim basis as the director of the Consumer Financial Protection Bureau. The White House has not made any indications about who it will pick or when it will make the announcement.
SAN FRANCISCO PUBLIC LIBRARY SENDING OVERDUE BOOK FINES TO COLLECTIONS
- More than 13,000 individuals owe the San Francisco Public Library at least $100 and now the library is turning to its official debt collector to attempt to recover those fines.
NASHVILLE COLLECTION AGENCY HIRES NEW COO
- Affiliated Creditors Inc., a Nashville-based collection agency, has hired Renee Hunt as its new chief operations officer. Hunt was most recently vice president of revenue cycle management at Amerita Inc.
WORTH NOTING: Charlie Rose has been suspended after being accused of sexual harassment … Profiles of rich people who live like “the average Joe” … More than two dozen buzzwords you need to stop using now … The government is seeking to block AT&T’s purchase of Time Warner … As a grown adult, I can’t say I love this idea a ton: why you shouldn’t give gifts to adults … The nine highest-paid Victoria’s Secret models … More than three-quarters of voters think the President should stop tweeting … Why everyone in Washington wants to be chairman of the House Financial Services Committee … Four ideas to keep you from over-spending at the airport … Janet Yellen is stepping down as a governor on the Federal Reserve Board … The Federal Communications Commission is moving forward with a repeal of net neutrality rules.
Does turkey really make you sleepy?
Watching big buildings blow up is always fun
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.
