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COMMERCIAL COLLECTION AGENCIES OF AMERICA NEWS

Commercial Collection Agencies of America Gives Back
Commercial Collection Agencies of America
Commercial Collection Agencies of America has taken on yet another role....this time it is outside the credit and collection industry and in to the philanthropic arena.

The organization's recurring initiative to donate a portion of each meeting's profits to local chapters of charitable organizations has been well-received and well-supported.

Members' overwhelming enthusiasm and support has been infectious and humbling, commented Annette M. Waggoner, Executive Director. In addition to the organization's donations, individual members offer their own donations to the chosen charitable organizations.

"As a group, and as individuals, we are very fortunate and we believe that this type of program can lend support to other organizations and individuals who are in great need," commented Meg Scotty, a founding director of Commercial Collection Agencies of America.

"This type of novel idea fits the whole persona of Commercial Collection Agencies of America. We are thinking outside the box, not only when it relates to our internal structure, but also when it comes to our programing. To make our organization thrive, including initiatives such as this one, takes dedicated member support and we are very fortunate to have such commitment," commented Pete Roth, a member of the Board of Directors.

Recently, director Bruce Godwin delivered a check to the local chapter of Cystic Fibrosis Foundation in Florida.

The group looks forward to continuing this worthy program in 2015, at each of its meetings.

Commercial Collection Agencies of America is an organization in which members have been in the debt collection industry for decades, many of whom have been certified for over 44 years. It is the ONLY certifying body in which ALL members are CERTIFIED.
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INDUSTRY NEWS


Russia faces wave of bankruptcies if interest rates don't fall
CNNMoney
The pressure is building on Vladimir Putin: Russia will be hit by a wave of bankruptcies unless it cuts interest rates very soon, a top financial official warned. Anatoly Aksakov, president of Russia's regional banking association and deputy chairman of parliament's financial markets committee, said firms were running out of cash.
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Ceasars largest unit to file own Chapter 11 bankruptcy
The Wall Street Journal
Caesars Entertainment Corp.'s largest unit is preparing to file for bankruptcy protection as soon as Jan. 15, the final gambit of a yearslong attempt to salvage a soured buyout. Caesars Entertainment Operating Co.'s Chapter 11 filing would launch the final stage of Apollo Global Management LLC's effort to save some of its $1.7 billion investment in the company, which it took private in 2008 with fellow buyout firm TPG.
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Plaintiff uses TCPA to trigger FDCPA claim against collector
InsideARM
The plaintiff in a case decided recently in federal district court argued that because a debt collection agency technically violated the TCPA in a call to the defendant, the company was also on the hook for an FDCPA claim under that law's prohibition on "illegal acts." But the judge disagreed, ruling in favor of the debt collector.
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How do magnetic companies attract the best employees?
By Mel Kleiman
As we step into 2015, how will you attract the frontline employees you need to prosper and thrive this year? There are a few exemplary organizations showing the way. What they share in common, besides their legendary success, is that they know how to attract, select and retain the best. They are magnetic. And it's not because they pay top dollar. No, it doesn't take high wages to become magnetic, but you do need to become known as an "employer of choice" among your target group of applicants.
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Who's got staying power?
Credit Today
Plunging oil prices threaten to drag overleveraged companies in oil, gas and related industries into a vortex of unpayable debt and ruin. For their trade creditors it promises to be a time of both extreme risk and above average opportunity. Back in the '80s when this credit exec was just getting into commercial credit management, his mentor gave him some advice.
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Banking forecast 2015: Earnings headed up
Forbes
Banks should do well in 2015, thanks to economic growth and higher interest rates, which will boost spreads even for liability-sensitive banks. The economy will expand throughout 2015, prompting the Federal Reserve to boost short-term interest rates in the spring or summer. It is a good environment for credit quality, though most bank loans are now in very good condition.
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3 steps to building your best executive team
Inc.
While most CEOs know that effective leadership requires the help of a solid executive team, assembling that team can be tough. You need experts who can guide operations across key areas of the business, but you also need people who are capable of providing strategic and thoughtful counsel to each other — and this is where things can get tricky. Why? Because you're not only looking for individuals with superior skills, you're also trying to create a functional and productive team dynamic.
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As oil prices fall, banks serving the energy industry brace for a jolt
The New York Times
Tumbling oil prices are dimming one of the few big bright spots that banks have enjoyed since the financial crisis. Banks have been lending hand over fist to companies in the nation's energy industry, underwriting bonds, advising on mergers, even financing the building of homes for oil workers. All of this has provided a boon to banks that have been struggling to find more companies and consumers wanting to borrow.
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The Pillars
Annette M. Waggoner, Executive Director, 847.907.4670

Colby Horton, Executive Vice President of Publishing, 469.420.2601
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