Daily Digest – August 22. The Components of a Successful Management Training Program; Company Suing Insurance Carriers Over Non-Payment of TCPA Settlement

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.

 

THE COMPONENTS OF A SUCCESSFUL MANAGEMENT TRAINING PROGRAM

• Not every employee that a collection agency hires is going to be promoted. While many collection agencies look to promote from within, identifying the right candidates who might make good managers, supervisors, or even executives is not an easy job. How can a collection agency identify someone who is going to be a good leader? Someone who will be respected by the people who are now reporting up to him or her and no longer sharing smoke breaks together?

 

COMPANY SUING INSURANCE CARRIERS OVER NON-PAYMENT OF TCPA SETTLEMENT

• A company which reached a $28 million settlement in a Telephone Consumer Protection Act lawsuit has filed a suit of its own, alleging that its insurance companies are not paying up to cover the costs of the settlement.

 

HISTORY NOT REPEATING ITSELF

• It’s been 10 years since the Great Recession rose up and smacked Americans in the face. TransUnion figures that is long enough to take a look back and see what we have learned in that timeframe and whether we are in a better or worse position than we were back then.

 

MAN RECEIVES COLLECTION LETTER FOR 13 CENTS

• A grandfather in the United Kingdom received a collection letter in the mail from his local township, threatening that if he did not pay the unpaid debt, his account would be sent to collections. In the U.K., many collection agencies employ door-to-door collectors, which means the man likely would have had people knocking on his door to collect a debt. The township also threatened the man with a lawsuit if the debt was not paid.

 

VERTICAN ANNOUNCES MARC CAVIN AS VP OF BUSINESS DEVELOPMENT

• Vertican Technologies, Inc. announced today that Mark J. Cavin will be joining the company as VP of Business Development. Cavin has over 35 years of financial industry experience and an extensive background in consumer, student, and commercial loan collections. He has led internal bank operations, collection agency and law firm operations, and debt purchasing and servicing.

 

WORTH NOTING: RIP Robbie Rotten … Two men with close ties to President Trump are now facing time in prison … A former NFLer was arrested for threatening to shoot employees at a funeral home while making arrangements for the player’s father … Prisoners have gone on strike … Improvements you can make to your desk if you work in an open office … 1o minutes of this activity will boost your brainpower … What it costs to rent something in the city compared with renting in the suburbs … Mark your calendars: the pumpkin spice latte is coming back next week … As someone who drinks a lot of Diet Coke, I don’t want to read this … United is going to start charging you more if you want to sit in the front of their planes … Verizon throttled the data plans of firefighters engaged in putting out wildfires in California.

A test that determines whether you will be rich or poor

Pinball isn’t as random as it seems

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.