Each week we bring you 10 of our most favorite stories from around the industry.
Week of July 25, 2010
1. Facebook makes debt collection sweet for creditors
(Business Daily Africa, 08/02/10)
Collectors overseas harness the power of Facebook.
2. Lawsuits Against Agencies, Creditors Down In Early July
(Credit & Collections Risk, 07/30/10)
Is the decline in lawsuits only temporary?
3. CSA Diploma winners celebrate at awards day
(Business Credit Management UK, 07/29/10)
Seventy-two industry professionals successfully passed the UK’s leading accredited credit and collection training program.
4. Portfolio Recovery, Asset Acceptance Q2 Profits Beat
(Rueters.com, 07/29/10)
Two collection agencies beat expectations for second quarter earnings.
5. Laguna Beach hospital chief was also its debt collector
(California Watch, 07/29/10)
Conflict of interest, yes or no? You be the judge. Share your thoughts in the comments section.
6. Could the Bureau of Consumer Financial Protection be Positive for Collectors?
(insideARM.com, 07/29/10)
Kaulkin Media president Stephanie Eidelman shares her opinion on the highly anticipated BCFP.
7. Debt collection firm Affiliated Group to add up to 60 employees
(Post-Bulletin, 07/28/10)
A Rochester, Minnesota collection agency lands large municipal government contract; has plans to hire 30 new employees by the end of September.
8. New York Debt Collector Settles Wrongful Collection Charges
(Credit & Collections Risk, 07/27/10)
New York Attorney General Andrew Cuomo settles with yet another collection agency. This time: $125,000.
9. Terminally ill Jupiter Farms woman behind on home loan alleges collector taunted, harassed her
(The Palm Beach Post, 07/25/10)
Collection calls regarding a past due mortgage cause woman terminally ill with brain cancer to collapse in front yard.
10. insideARM.com Appoints Forward Thinking Editorial Board
(insideARM.com, 07/28/10)
With its eyes set on shifting the public conversation about the ARM industry, insideARM.comrecently unveiled a 16 member editorial board to help ensure a balanced perspective.
