Daily Digest – December 11. Hashtags, Job Fairs, Partnerships Are Great Sources of Job Candidates; Consent Order Details BCFP’s Credit Reporting Expectations

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.

 

HASHTAGS, JOB FAIRS, PARTNERSHIPS OFFER GREAT SOURCES OF CANDIDATES FOR AGENCIES

• While posting a job ad online can generate a ton of responses and likely lead to identifying potential candidates, collection agencies should be looking outside of the traditional hiring pipelines to identify the best possible talent, a panel of industry executives shared during a webinar last week.

 

CONSENT ORDER DETAILS BCFP’S CREDIT REPORTING EXPECTATIONS

• An astute industry source reached out to me yesterday, pointing me in the direction of the consent order that was announced last week between the Bureau of Consumer Financial Protection and State Farm Bank, telling me that the information contained in the agreement is “valuable” because it details the expectations held by the BCFP for furnishers of information to the credit bureaus, which many collection agencies are.

 

FEWER PEOPLE MISSING PAYMENTS, BUT SIGNS OF WORSENING ECONOMY ON HORIZON

• The number of individuals who expect to miss a minimum debt payment during the next three months slipped again in November, according to data released yesterday by the Federal Reserve Board of New York, and is at its lowest point in six months.

 

SURVEY: 26% OF HOSPITALS LACK ‘VIABLE’ RCM SOLUTION

• More than a quarter of hospitals still do not have a “viable, effective” revenue cycle management solution in place, according to the results of a survey conducted by Black Book Market Research. That number is down from 35% that did not have an RCM solution in place six years ago.

 

UNPAID SCHOOL LUNCH STORY KEEPS GAINING MOMENTUM. WHY? 

• I’m stumped. For the life of me, I can’t figure out why a decision by the Cranston Public School District to hire a collection agency to go after unpaid school lunch fees has caused such a stir among mainstream media outlets.

 

WORTH NOTING: RIP Roger, The Buff Kangaroo … I have to admit, my feelings toward Steph Curry are dramatically affected after reading this, if it’s true … The highest-paid comedians in the world … The best way to avoid mediocre marketing, from Seth Godin … Why older headlights are a “major” safety concern … Merriam-Webster trolled the President … The NRA is in “deep financial trouble” it says … How to use Siri to automate your life … Why December is the most perilous time of the year … Volvo’s curious new marketing campaign … An extreme takedown of Jason Witten’s job on “Monday Night Football” … How to tell if your job interview went well.

How crossword puzzles are made

Why “Die Hard” is a Christmas movie

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.