Home / Daily Digest / Daily Digest – October 5. The Impact Your Culture Has On Your Bottom Line; BCFP Fines Retailer $200k For Not Forwarding Payments on Sold Debts Fast Enough

Daily Digest – October 5. The Impact Your Culture Has On Your Bottom Line; BCFP Fines Retailer $200k For Not Forwarding Payments on Sold Debts Fast Enough

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 IMPACT YOUR COMPANY CULTURE HAS ON YOUR BOTTOM LINE 

  • The culture of any company, be it a collection agency or a manufacturer of auto parts, may start with a mission statement and some posters on the wall, but executives need to realize that what truly determines whether an office is a fun and engaging place to work is significantly more than that.

 

BCFP FINES RETAILER $200K FOR NOT FORWARDING PAYMENTS ON SOLD DEBTS FAST ENOUGH

  • The Bureau of Consumer Financial Protection has entered into a consent order with Bluestem Brands, Inc.; Bluestem Enterprises, Inc.; and Bluestem Sales, Inc., which collectively operate the Fingerhut and Gettington.com brands, for not forwarding payments made by individuals on delinquent accounts fast enough to the entities that purchased those debts.

 

WHERE HOSPITAL RCM FUNCTIONS ARE FALLING SHORT

  • A survey of nearly 180 different revenue cycle executives from hospitals highlights the “unprecedented market opportunities” that exist in RCM today, especially when it comes to managing a facility’s accounts receivables, according to a press release detailing the report.

 

LEDET NAMED PRESIDENT & CEO OF CREDIT BUREAU SYSTEMS

  • Credit Bureau Systems Inc. announced several changes in executive leadership effective Oct. 1. Lloyd Ledet, CBS’ former chief operating officer, will assume the role of president and chief executive officer and William Edwards Jr. was named chief operating officer. Current CEO, Mark Edwards, will ascend to the role of chairman of the board.

 

WORTH NOTING: The winners of this year’s Nobel Peace Prize … A girl in Sweden found a 1,500-year old sword when skipping stones on a lake … Drunk birds are causing problems in Minnesota … Airport bathrooms are getting better … California is banning weak passwords … I didn’t recognize Christian Bale either … Popeyes is serving gold-dusted chicken wings … A lot of people are getting worked up about Brett Kavanaugh … How a Fitbit helped solve a murder … Pick-up trucks are getting really expensive.

How wine is made

Funny Friday

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.

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