Thu.Aug 04, 2022

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Daily Digest – August 4. Getting to Know Mark Reinhard of Concepts2Code; Appeals Court Denies En Banc Request in TCPA Case

Account Recovery

GETTING TO KNOW MARK REINHARD OF CONCEPTS2CODE My kids loved the movie, “Robots.” While the movie is about chasing your dreams, no matter how big or far away they might be, there is a line from that movie that I will always remember — “See a need, fill a need.” In the accounts receivable management … The post Daily Digest – August 4. Getting to Know Mark Reinhard of Concepts2Code; Appeals Court Denies En Banc Request in TCPA Case appeared first on AccountsRecovery.net.

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What Equifax’s Credit Score Miscalculations Mean for Consumers

Nerd Wallet

Equifax, one of the three major credit bureaus, announced that a computer coding error resulted in the miscalculation of credit scores for consumers in a three-week period between March 17 and April 6. For 300,000 consumers, the error shifted credit scores as much as 25 points. The changes to credit scores did not show up. Amanda Barroso writes for NerdWallet.

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Fines Might Not be Enough: CFPB’s Chopra

Account Recovery

In an interview last week, Rohit Chopra, the Director of the Consumer Financial Protection Bureau, pondered whether assessing fines is enough to deter illegal behavior in the financial services industry, saying that the Bureau will “continue to seek new remedies” to ensure companies meet their responsibilities and obligations. Chopra has been on the interview circuit … The post Fines Might Not be Enough: CFPB’s Chopra appeared first on AccountsRecovery.net.

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5 Ways to Feel Richer (Even If You’re Not)

Nerd Wallet

The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. In some ways, feeling “rich” is less about how many zeroes you have in your bank account and more. Kimberly Palmer writes for NerdWallet.

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

Speaker: Erika R. Bales, Esq.

When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.

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Getting to Know Mark Reinhard of Concepts2Code

Account Recovery

The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management. Product development is driven by customer feedback, agency profitability and compliance and includes platforms addressing client portal access, document management, payment negotiation, Regulation E focused electronic payment authorizations and TCPA communication authorization platforms. … The post Getting to Know Mark Reinhard of

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Eleventh Circuit Denies En Banc Request in TCPA Case Related to Class Action Incentive Awards

Account Recovery

Nearly two years after it issued its opinion, the Court of Appeals for the Eleventh Circuit has denied an en banc rehearing request in a Telephone Consumer Protection Act case against a debt collector, but four of the 11 judges felt strongly enough about the merits that they wrote a 30-page dissenting opinion about why … The post Eleventh Circuit Denies En Banc Request in TCPA Case Related to Class Action Incentive Awards appeared first on AccountsRecovery.net.

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How to Get Into a Chase Lounge Before Your Flight

Nerd Wallet

Chase is joining American Express and Capital One in launching its own set of branded airport lounges. Although originally announced in June 2021, details are still slim about the forthcoming Chase Sapphire Lounge by The Club. Let’s review what we know so far about how to get into Chase lounges, which airports will have a. JT Genter writes for NerdWallet.

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Judge Grants MSJ for Defendant in FDCPA Case Over Use of ‘Need’ in Message

Account Recovery

A District Court judge in Illinois has granted a defendant’s motion for summary judgment after it was sued for violating the Fair Debt Collection Practices Act because a representative said that the plaintiff “needs to call us back” during a phone conversation, and that the statement was false, deceptive, or misleading. A copy of the … The post Judge Grants MSJ for Defendant in FDCPA Case Over Use of ‘Need’ in Message appeared first on AccountsRecovery.net.

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The Best Marriott Credit Card Offer

Nerd Wallet

As the largest hotel chain in the world with over 30 brands and 8,000 properties in 139 countries, it makes sense that Marriott has a handful of co-branded credit cards. These cards offer a variety of travel benefits, including the opportunity to earn Marriott Bonvoy points — the currency used in Marriott’s loyalty program —. Carissa Rawson writes for NerdWallet.

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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

Are you finding some snags in your collections process? With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.

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According to Banking Industry Groups, CFPB Should Supervise Data Aggregators

Troutman Sanders

Eight national banking trade groups — the American Bankers Association, Consumer Bankers Association, Credit Union National Association, Housing Policy Council, Independent Community Bankers of America, National Association of Federally-Insured Credit Unions, National Bankers Association, and The Clearing House Association — petitioned the Consumer Financial Protection Bureau (CFPB) to extend its supervision to “data aggregators.

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Should You Buy Now, Pay Later for Back-to-School?

Nerd Wallet

Inflation has been battering family budgets all summer long, and the latest line item to take a hit is school supplies. According to the National Retail Federation, which released its annual back-to-school survey in July 2022, shoppers have been feeling the pressure, cutting back on spending in other categories and working longer hours to cover the.

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Military Lending Act and Servicemembers Civil Relief Act Overview

Troutman Sanders

Please join Consumer Financial Services Partner Chris Willis and his guest and fellow Partner Tony Kaye for this latest podcast episode as they discuss the Military Lending Act and the Servicemembers Civil Relief Act, including the differences between the two, their state analogues, and several key issues in the consumer finance industry surrounding servicemembers.

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6 Best Hilton Beach Resorts

Nerd Wallet

Are you looking for the best Hilton beach resorts in the world? Happily, Hilton offers more than a few options for beach hotels. These run the gamut from overwater villas on stunning atolls to apartment-style accommodations steps away from the sand. Here’s a look at six of the best Hilton hotels on the beach, including. Carissa Rawson writes for NerdWallet.

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ERM Program Fundamentals for Success in the Banking Industry

Speaker: William Hord, Senior VP of Risk & Professional Services

Enterprise Risk Management (ERM) is critical for industry growth in today’s fast-paced and ever-changing risk landscape. When building your ERM program foundation, you need to answer questions like: Do we have robust board and management support? Do we understand and articulate our bank’s risk appetite and how that impacts our business units? How are we measuring and rating our risk impact, likelihood, and controls to mitigate our risk?

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Profit Center: How to Feel More Confident About New Hires

NCBA Law Practice Management Blog

Especially in the current job market, it’s important not to overextend yourself in hiring for new attorneys or staffpersons. But, since lawyers aren’t very good with math or data, hiring often becomes a real ad hoc adventure. Most attorneys hire like they do everything else = they guess about what they can afford, and what they can take on. That, however, can be dangerous, when it comes to hiring, because law firms can overpay (and waste money) or underpay (and risk losing a candidate , or good

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GOP legislators accuse CFPB of colluding with states, as Kraninger did

Public Citizen

by Jeff Sovern. Three House Republicans have accused CFPB director Rohit Chopra of "colluding with states" and "conspiring with state agencies." And yet, the Trump-nominated CFPB director Kathy Kraninger collaborated with state attorneys general, as for example, in the Bureau's settlement with Nationstar Mortgage. I wonder if the legislators complained about Kraninger colluding with states.

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