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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.
GETTING TO KNOW COURTNEY REYNAUD OF CREDITORS BUREAU USA
- Family reunions for Courtney Reynaud can be held in the company conference room. Reynaud is the third generation in her family to own and operate the family business, and the agency looks to be in good hands. Reynaud, who was named president of the California Association of Collectors earlier this month, fancies herself a morning person — although she doesn’t always get to spend her mornings the way she would like. Read on to learn more about her and why, if she’s not in the office, you’ll likely find her swimming with the fishes.
BCFP FINES PAYDAY LENDER OVER MISREPRESENTATIONS IN COLLECTION LETTERS
- The Bureau of Consumer Financial Protection yesterday announced it had reached a settlement with Cash Express, LLC, a Tennessee-based payday lender, for “deceptively threatening” individuals in collection letters that it would file lawsuits against them, even though the the debts were time-barred and it did not normally file such suits anyway, and threatening to report negative information to a credit bureau when it did not normally do so.
BCFP COMPLAINT SNAPSHOT REVEALS DROP IN SHARE OF COLLECTION COMPLAINTS
- While still the product that is receiving the most complaints filed by consumers with the Bureau of Consumer Financial Protection, the share of debt collection complaints relative to other products shrunk in 2017 compared with 2016, according to a report issued earlier this week by the agency.
SaaS COMPANY DEBUTS MACHINE LEARNING COLLECTIONS PLATFORM FOR CREDITORS
- Katabat, a software solutions provider, has announced the launch of Katabat Engage, a “data-driven” debt collection product “powered by machine learning” to creditors and consumer lending operations.
RECAPPING THE COMPLIANCE FORUM 2018
- This past week, RightAway’s Compliance Forum 2018 was held in St. Charles, MO and brought together hundreds of creditors from around the country to discuss the latest and most up to date insight and information regarding compliance in the credit and collection industry.
WORTH NOTING: More suspicious packages are being found, a day after bombs were intercepted at CNN and sent to former President Obama and former Secretary of State Hillary Clinton … Making water out of thin air netted this couple $1.5 million … That is one smart dog … You might be eligible for $100 as a result of a data breach at Yahoo … The three business trends that will dominate 2019 … If you didn’t win the Mega Millions, the Powerball jackpot is still up for grabs … McDonald’s is busting out a new meal deal … How to find your dream home … The demographics that matter in the upcoming midterm elections … The wife of a Supreme Court justice got caught spreading fake news about the migrant caravan … Watch a judge chase prisoners who tried to escape his courtroom … Ten things never to reveal when you are job hunting.
How to make a Halloween body buffet
Unusual car tricks
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.
