Weekly Top 10 – Week of July 11, 2010
Each week we bring you 10 of our most favorite stories from around the industry.
Week of July 11, 2010
1. CBE Group Employees Launch Internal Code of Ethics
(PRWeb.com 07/16/10)
Employees at an Iowa-based collection agency–CBE Group–have created a Code of Ethics “written by employees, for employees.”
2. FTC to probe courts’ jailing of debtors
(StarTribune.com 07/15/10)
Senator Al Franken urges the FTC to take action to prevent debt collections from “abusing the state court to reap profits.”
3. Utah collection agency agrees to $55,000 penalty and fees for work in Idaho
(IdahoStatesman.com 07/15/10)
Unlicensed debt collections costs Utah-based collection agency $55,000.
4. Confessions of former debt collectors
(CNNMoney.com, accessed 07/17/10)
Ten people share their debt collection experience.
5. NPR finds debt collectors using Facebook to track delinquent borrowers
(businessjournalism.org 07/15/10)
Debt collectors turn to social media to find assets and contact information.
6. Vt. attorney general alleges debt “relief” firms often make things worse
(TimesArgus.com 07/18/10)
Are those late night commercials too good to be true?
7. Automated Debt-Collection Lawsuits Engulf Courts
(The New York Times 07/12/10)
Writer Andrew Martin sheds light on how collection lawsuits are “straining” the court system.
8. Iowa resident sues Texas collection company over harassing telephone calls
(The Southeast Texas Record 07/12/10)
An Iowa man is suing over allegations that an agency called repeatedly and continuously with the intent to annoy, abuse, and harass him.
9. New bill may keep deadbeat dads from cell phones, state jobs
(HAARETZ.com, 7/13/10)
There is talk in Israel that “men who refuse to pay child support will be banned from public office, denied benefits from state institutions and forbidden from having mobile phones, if a new government bill is passed.”
10. Kids’ Money Questions: Mom, Are You a Deadbeat?
(The New York Times 07/12/10)
What would you tell your child if he or she questions why bills are going unpaid?
