Daily Digest - May 1, 2025

🎂🎉 Happy Birthday to: Jon Balon of Williams & Fudge and Aaron Cushman of Andreu, Palma, Lavin & Solis.

Congratulations to: Danny Mezzancello, the new Chief Business Development Officer at Absolute Resolutions, and Daniel Ball, who was promoted to Director of Collections & Recoveries at iBusiness Funding.

Logo Madness!

It’s time to start voting! Click on the logo you think is better to cast your vote. You can see the entire bracket here. Thanks to Drop Cowboy for sponsoring this year’s contest!

Getting to Know Barbara Garner of National Bureau of Collections

• There might not be a better testament to the opportunities that are available to anyone who comes to work in the ARM industry than Barbara Garner. From responding to an ad in the newspaper to becoming a partner in a collection operation and running a state unit, she’s spent her career growing and achieving. Read on to learn more about Barbara, the envious way she gets to end her days, and how she can see the glass as half-full in any situation.

• More details here.

• This series is sponsored by TEC Services Group

A MESSAGE FROM TCN

TODAY‘S WEBINAR

UPCOMING WEBINARS

CFPB Roundup

• Another day, another series of dismissals of lawsuits involving the Consumer Financial Protection Bureau. Read on to learn which enforcement actions and policies it has abandoned, news from Congress related to the CFPB’s funding, and whether the holdup of the confirmation of Jonathan McKernan to be the Bureau’s next director is a good thing or not.

• More details here.

Court Partially Grants and Denies Motion to Remand FDCPA Case to State Court

• A District Court judge in Illinois has partially granted and partially denied a plaintiff’s motion to remand a Fair Debt Collection Practices Act case back to state court where it was originally filed, ruling that it has jurisdiction over the plaintiff’s claims that the defendant failed to note the account was disputed with the credit reporting agencies.

• More details here.

Economic Uncertainty Drives Shifting Consumer Payment Habits: The Rise of BNPL and Financial Stress

• A combination of rising costs, economic uncertainty, and limited access to traditional credit options is pushing consumers into alternative payment methods like BNPL, while also contributing to a widespread sense of financial stagnation. Several reports reveal the extent to which these factors are influencing consumer behavior and financial well-being in 2025.

• More details here.

Richland Bureau of Credits Joins Beyond Green Solutions

• Beyond Green Solutions (BGS), a rising leader in empathetic and technology-driven collections, has announced that Richland Bureau of Credits (RBC, Inc.), a trusted name in debt collection for over 75 years, has joined its family. This milestone represents a significant step forward as BGS continues to redefine the collections industry with its innovative approach and commitment to excellence.

• More details here.

WORTH NOTING: How deep does your love run? Would you stand in line at the DMV for the sake of a loved one? ... The economic data for the first three months of 2025 isn't looking very good ... Not sure I can get behind this trend -- mushroom coffee is gaining ground as a substitute for regular coffee ... Seven things you should do when you notice your memory is slipping ... Hotel room hacks shared by seasoned travelers ... SUVs might keep people on the inside safe, but on the outside, they are far more dangerous than cars ... How to save time and money at the airport ... How to recognize the signals during a job interview to tell if your potential new boss is going to be a good one ... Which film does Steven Spielberg think is the greatest U.S. film ever made?

Top 10 Thursday, part I

Top 10 Thursday, Part II

The Daily Digest is sponsored by TCN