The Daily Digest is sponsored by Beam Software. A Microsoft Gold Certified Partner, Beam is a thought leader in portfolio management and collection software. They offer both cloud-based and on-premise solutions to accommodate the entire collection continuum. For more information, please visit www.beamsoftware.com or call (800) 212-2326.
CRITICS BLAST PRESIDENT’S CHOICE OF NEXT BCFP DIRECTOR
- The critics are holding nothing back in their disdain for President Trump’s choice of Kathy Kraninger to be the next director of the Bureau of Consumer Financial Protection, in what ultimately might be a payback to former director Richard Cordray. It took a couple of days, but Democrats and consumer advocates had their pitchforks and torches out yesterday as they blasted away at Kraninger and President Trump for nominating an individual with no experience in either consumer protection or financial services.
20% OF HEALTHCARE ORGANIZATIONS HAVE NO BAD-DEBT RECOVERY STRATEGY: SURVEY
- A survey of healthcare organizations reveal that less than one-in-10 will be able to recover more than 20% of their outstanding unpaid bills from patients, and those organizations know exactly whom to blame: insurance reform. Nearly 60% of the survey’s respondents say changes in healthcare insurance, such as higher copays and deductibles, are the biggest cause of bad debt.
INDUSTRY, TECH EXPERTS TALK ABOUT KEEPING WEB-BASED SOFTWARE SAFE & SECURE
- More and more of the software used by companies in the ARM industry is based online or in the cloud, instead of being locally hosted on a machine or a server inside of a collection agency. That changing dynamic can create a lot of uncertainty about the safety and soundness of using web-based software, especially in an industry that has not always been quick to adapt to new technologies.
LAWMAKERS REACH OUT TO FCC TO REMOVE TCPA EXEMPTION FOR GOVERNMENT-RELATED DEBT COLLECTIONS
- Two Senators and two members of the House of Representatives have sent a letter to Ajit Pai, the chairman of the Federal Communications Commission, urging the agency to no longer exempt companies collecting debts owed to or guaranteed by the federal government from complying with the Telephone Consumer Protection Act.
WORTH NOTING: The worst fear of any restaurant patron, put down in black and white … The White House’s new immigration policy is generating a lot of attention. Maybe it’s time for everyone to get their stories straight … One more thing that millennials are the worst at … A pair of very rich conservatives are waging war against public transit … Seven reasons to pay employees above-average wages … The World Health Organization acknowledges what parents have known all along … You would think a police detective would know better … Homes in the U.S. are cheaper than they look, according to a study from Harvard University … President Trump is creating a new branch of the military.
One word: Showoff
A doctor with no bedside manner
The Daily Digest is sponsored by Beam Software. A Microsoft Gold Certified Partner, Beam is a thought leader in portfolio management and collection software. They offer both cloud-based and on-premise solutions to accommodate the entire collection continuum. For more information, please visit www.beamsoftware.com or call (800) 212-2326.
