Account Recovery

FEBRUARY 21, 2023

The Federal Trade Commission on Friday announced that it had filed a lawsuit against an “interconnected” group of companies and their principals, accusing them of delivering tens of millions of “phony” debt service robocalls and ringless voicemail messages in violation of the Telemarketing Sales Rule. A copy of the complaint can be accessed by clicking … The post FTC Sues ‘Web’ of Companies Selling Phony Debt Relief Services first appeared on AccountsRecovery.net.

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Trade 240

Nerd Wallet

FEBRUARY 21, 2023

Spencer Tierney writes for NerdWallet. Email: spencer.tierney@nerdwallet.com. Twitter: @SpencerNerd. The article How Climate Change Can Impact Your Finances originally appeared on NerdWallet.

Banks 101

Banks 101

Account Recovery

FEBRUARY 21, 2023

CLASS ACTION ACCUSES DEFENDANT OF SENDING LETTERS WITH CONFLICTING SOL INFORMATION A class-action complaint has been filed in federal court in New York accusing a defendant of violating the Fair Debt Collection Practices Act by not being consistent in the information it provided to the plaintiff in a pair of collection notices. More details here. … The post Daily Digest – February 21.

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Fair Debt Collection Collections 130

Prosperity Now

FEBRUARY 21, 2023

Black History Month is a time for reflection, celebration, and truth telling of the progress of Black people and the

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Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

Account Recovery

FEBRUARY 21, 2023

EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more? Call … The post Class Action Accuses Defendant of Sending Letters With Conflicting SOL Information first appeared on AccountsRecovery.net.

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Account Recovery

FEBRUARY 21, 2023

An insurance company has voluntarily dismissed a lawsuit it brought against a collection operation it sued last year, seeking a declaratory judgment that it was not responsible for covering the company in a class-action lawsuit that had been filed against it. A copy of the order dismissing the suit in the case of United States … The post Insurance Company Dismisses Suit Against Collector first appeared on AccountsRecovery.net.

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Prosperity Now

FEBRUARY 21, 2023

In the Deep South, Hope Policy Institute , a Prosperity Now Community Champion, is a leader in community development and

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Account Recovery

FEBRUARY 21, 2023

A bill has been introduced in the Utah state legislature that would earmark $100,000 of government funds to be used to purchase unpaid medical debt of state residents and have it forgiven, similar to other programs that have been announced in cities and states across the country. A copy of the bill, S.B. 195, can … The post Utah Legislature Advances Medical Debt Relief Bill first appeared on AccountsRecovery.net.

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Government Healthcare 130

Nerd Wallet

FEBRUARY 21, 2023

Carissa Rawson writes for NerdWallet. Email: articles@nerdwallet.com. The article Best Travel Insurance That Includes Cancel For Any Reason Coverage originally appeared on NerdWallet.

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Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

PDC Flow

FEBRUARY 21, 2023

When a customer pays late, it may seem like no big deal. However, if you make a habit of accepting past due invoices from customers, you’ll start to notice it in your bottom line. To keep your business healthy, you should minimize how many overdue invoices your company has open at one time. How to Collect More Past Due Invoices For organizations with a large number of past due invoices, it’s essential to clear out as many unpaid accounts as possible to create a more manageable workload.

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Collections 92

Fraser

FEBRUARY 21, 2023

The State of Michigan, Department of Labor and Economic Opportunity (LEO) and Michigan Nonprofit Association (MNA) have teamed up to help Michigan charities whose operations were impacted by the COVID-19 pandemic. Under this initiative, called the MI Nonprofit Relief Fund, grants in amounts between $5,000 and $25,000 will be awarded to selected entities with annual revenues total under $1 million.

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Acquisition 80

Nerd Wallet

FEBRUARY 21, 2023

Dalia Ramirez writes for NerdWallet. Email: dramirez@nerdwallet.com. The article Guardianship: What it Is and How it Works originally appeared on NerdWallet.

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Prosperity Now

FEBRUARY 21, 2023

In 2023, the Prosperity Now Policy team is renewing our commitment to promoting federal , state and local policies that

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Speaker: Alex Salazar, CEO & Co-Founder @ Arcade | Nate Barbettini, Founding Engineer @ Arcade | Tony Karrer, Founder & CTO @ Aggregage

There’s a lot of noise surrounding the ability of AI agents to connect to your tools, systems and data. But building an AI application into a reliable, secure workflow agent isn’t as simple as plugging in an API. As an engineering leader, it can be challenging to make sense of this evolving landscape, but agent tooling provides such high value that it’s critical we figure out how to move forward.

Nerd Wallet

FEBRUARY 21, 2023

Caitlin Mims writes for NerdWallet. Email: cmims@nerdwallet.com. The article 5 Things to Know About the World of Westgate Mastercard originally appeared on NerdWallet.

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Troutman Sanders

FEBRUARY 21, 2023

Under ERISA claims procedure regulations, group health plans must provide a “full and fair” review of all claims submitted by plan participants. These claims procedure regulations provide a list of minimum standards, including determinations within a certain timeframe, specific content requirements of adverse notifications, and the opportunity to submit evidence through an internal administrative appeal process.

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Healthcare 52

Nerd Wallet

FEBRUARY 21, 2023

Sarah Schlichter writes for NerdWallet. Email: sschlichter@nerdwallet.com. The article What Is a Home Insurance Deductible? originally appeared on NerdWallet.

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Home Insurance 76

Troutman Sanders

FEBRUARY 21, 2023

In a letter dated February 10, the American Bankers Association (ABA), Consumer Bankers Association (CBA), Credit Union National Association (CUNA), National Association of Federally‐Insured Credit Unions (NAFCU), and The Clearing House (TCH) (collectively, the Associations) vigorously requested that the Federal Reserve Board (Fed) extend the effective date for the final rule amending Regulation II (Final Rule) from July 1, 2023 to January 1, 2025 in order to provide debit card issuers time to i

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Banks Credit Unions Credit Unions Financial Institution 52

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

Nerd Wallet

FEBRUARY 21, 2023

Steven Porrello writes for NerdWallet. Email: wpguestuser+sporrello@nerdwallet.com. The article 5 Stocks With Surprisingly Strong Q4 Earnings originally appeared on NerdWallet.

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Troutman Sanders

FEBRUARY 21, 2023

As previously reported here , on May 25, 2022, the Consumer Financial Protection Bureau (CFPB or Bureau) published a blog post , examining what it described as the “practice of suppressing payment data” by credit card issuers in connection with their credit reporting. In its blog post, the CFPB alleged its research conducted in 2020 “uncovered that only about half of the largest credit card companies contribute data to credit reporting companies about the exact monthly payment amounts made by b

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Nerd Wallet

FEBRUARY 21, 2023

Ramsey Qubein writes for NerdWallet. Email: travel@nerdwallet.com. The article The Best Alaska Cruises originally appeared on NerdWallet.

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Troutman Sanders

FEBRUARY 21, 2023

To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry this past week: Federal Activities State Activities Federal Activities: On February 16, the Securities and Exchange Commission (SEC) filed a civil enforcement action against Terraform Labs, the creator of the Terra USD (UST) algorithmic stablecoin, and its founder Do Kwon for allegedly offering and selling “crypto-a

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Financial services Student Loans Student loans Banks 52

Speaker: Joe Wroblewski, Senior Sales Engineer

Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!

Fico Collections

FEBRUARY 21, 2023

Home Blog FICO Canada Bankcard Industry Benchmarking Trends: Q4 2022 Update Ready for a recession? An insider look at bankcard and consumer trends in Canada FICO Admin Tue, 07/02/2019 - 05:19 by Amir Sikander expand_less Back To Top Tue, 02/21/2023 - 16:00 Recession talks have increased over the last few months. Canadian consumers are being hit with the rising cost of goods and borrowing.

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NACM

FEBRUARY 21, 2023

Economists predict a slowdown in U.S. labor market activity this year with the continued battle of inflation and a looming recession. The current unemployment rate fell slightly lower to 3.4% in January, per the Bureau of Labor Statistics—and despite recession fears, the unemployment rate has remained historically low between 3.5 to 3.7% since Marc.

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Fico Collections

FEBRUARY 21, 2023

Home Blog FICO US Bankcards Industry Benchmarking Trends: 2022 Q4 Update Bankcard delinquencies continue to rise, higher losses are coming in 2023 FICO Admin Tue, 07/02/2019 - 04:56 by Leanne Marshall expand_less Back To Top Tue, 02/21/2023 - 16:00 FICO releases quarterly US Bankcard Industry Benchmarking trends, to catch up on the last quarter click here.

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Troutman Sanders

FEBRUARY 21, 2023

As we previously reported on the blog, the Consumer Financial Protection Bureau (CFPB) recently published a proposed rule that would dramatically cut the safe harbor for credit card late fees. See the full blog post on the CFPB’s proposed credit card rule here. In his State of the Union address, President Joe Biden got in on the attack against “junk fees.

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Banks Financial services 52

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?