Daily Digest – October 2. Judge Certifies Class Action Over Use of ‘Promptly’ in Settlement Offer; Number of Lawsuits Filed Against Collection Agencies on Rise

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.

 

JUDGE CERTIFIES CLASS ACTION OVER USE OF ‘PROMPTLY’ IN SETTLEMENT OFFER

• A federal judge in the Eastern District of Wisconsin has certified a class action lawsuit alleging a collection agency violated the Fair Debt Collection Practices Act by not more clearly defining what it meant when it told an individual in a collection letter that she could settle her account if she acted “promptly.”

 

NUMBER OF LAWSUITS FILED AGAINST COLLECTION AGENCIES ON RISE

• Individuals who have a bone to pick with collection agencies did not go on vacation in August, choosing instead to visit the air conditioned offices of lawyers and court clerks nationwide, filing lawsuits.

 

NICHOLSON SEIF GETS PROFILE TREATMENT FROM LOCAL NEWSPAPER

• Kudos to Donna Nicholson Stief for making it into her local newspaper with a very flattering profile. Many in the ARM industry know Nicholson Stief for her work with the Mid-Atlantic Collectors Association and with ACA International (she’s also been a frequent speaker on webinars hosted by AccountsRecovery.net), and it is a recent award that has a newspaper in Lancaster, Penn., featuring the executive director of the Credit Bureau of Lancaster County.

 

WHY YOU SHOULD CALL AN UBER INSTEAD OF AN AMBULANCE

• A researcher with Harvard Medical School is advocating that individuals, unless it is an extreme emergency, not call an ambulance, both as a means of saving money as well as ensuring that paramedics and emergency medical technicians are available for actual life-or-death situations.

 

COLLECTION AGENCY TO BE ONE OF SIX COMPANIES HONORED BY MONTANA STATE UNIVERSITY

• Collection Bureau Services, Inc. of Missoula will receive an award later this month from Montana State University as part of the school’s “Family Business Day.”

 

WORTH NOTING: How employers can bargain down health care costs … The type of accident you usually only see in movies … A good marriage may help you live longer … Amazon has announced it is raising the minimum wage for all of its employees … Debunking two common hiring myths … The bottom 90% of the workforce are still poorer than they were a decade ago … An official at the Bureau of Consumer Financial Protection has vowed not to quit over past remarks … Netflix wants to let you choose how the show you are watching ends … A spectator at the Ryder Cup lost the sight in one of his eyes after being hit by a golf ball … Can a man be executed for a crime he doesn’t remember?

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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.