Account Recovery

FEBRUARY 27, 2023

The Supreme Court this morning granted a petition to hear arguments in a case that will determine — maybe once and for all — whether the funding mechanism for the Consumer Financial Protection Bureau is constitutional or not. A copy of the order granting the petition can be viewed by clicking here. The Court of … The post Supreme Court to Hear Arguments in CFPB Funding Case first appeared on AccountsRecovery.net.

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Financial services 130

American Profit Recovery

FEBRUARY 27, 2023

A New Year is upon us and hopefully a new season of busy activity for all you small business operators. Whether you are a lawn care or landscaping professional, contractor, a plumber or electrician or any small business that gets busy during the spring and summer months, it’s time to review your accounts receivable process before you get too busy.

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Collection Agencies Collections Agency Collections 130

Account Recovery

FEBRUARY 27, 2023

The Court of Appeals for the Eighth Circuit has overturned a lower court’s ruling in favor of the plaintiffs in a Fair Debt Collection Practices Act class action, ruling they lacked standing to pursue their lawsuit after claiming a statement that “Interest and other charges may accrue daily” was deceptive and misleading. The ruling hopefully … The post Appeals Court Vacates Judgment in Favor of Plaintiff in FDCPA Case Over Interest Disclosure in Letter first appeared on A

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Judgment Fair Debt Collection Collections Credit Bureau 130

PBWT

FEBRUARY 27, 2023

In a recent per curium opinion, the Fifth Circuit recommitted to its practice of dismissing claims against court-appointed fiduciaries when plaintiffs fail to obtain permission before bringing suit. The court rested its decision on the Barton doctrine, which other courts, including the Eleventh Circuit, have found inapplicable in similar circumstances.

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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.

Account Recovery

FEBRUARY 27, 2023

The Consumer Financial Protection Bureau on Friday announced it had issued a final rule related to the procedures for when it chooses to use the administrative adjudication process — instead of going to federal courts — when bringing contested enforcement actions, making the process more closely track what would occur in federal court. A copy … The post CFPB Updates Administrative Enforcement Proceedings first appeared on AccountsRecovery.net.

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Account Recovery

FEBRUARY 27, 2023

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.

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Fico Collections

FEBRUARY 27, 2023

Home Blog FICO Meet The 2023 FICO Decisions Awards Winners! 15 companies recognized for successful innovation in AI, machine learning and decision management Saxon Shirley Mon, 02/27/2023 - 08:09 by Nikhil Behl expand_less Back To Top Mon, 02/27/2023 - 08:00 2023 FICO Decisions Award Winners - Decisions That Matter It's with great enthusiasm that I reveal the victors of the 2023 FICO® Decisions Awards !

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Retail Startups Banks Debt Management 98

Account Recovery

FEBRUARY 27, 2023

The Court of Appeals for the Tenth Circuit has upheld a ruling in favor of a defendant that was sued for obtaining a default judgment and garnishing the plaintiff’s wages after he defaulted on a student loan debt, by falsely claiming he was the victim of identity theft and claiming the defendants lacked standing to … The post Appeals Court Upholds Ruling for Defendant in Fake ID Theft Case first appeared on AccountsRecovery.net.

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Student loans Student Loans Garnishment Judgment 130

Nerd Wallet

FEBRUARY 27, 2023

Tina Orem writes for NerdWallet. Email: torem@nerdwallet.com. The article What Is a Bypass Trust? How It Works in an Estate Plan originally appeared on NerdWallet.

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Collections

Account Recovery

FEBRUARY 27, 2023

APPEALS COURT VACATES JUDGMENT IN FAVOR OF PLAINTIFF IN FDCPA CASE OVER INTEREST DISCLOSURE IN LETTER The Court of Appeals for the Eighth Circuit has overturned a lower court’s ruling in favor of the plaintiffs in a Fair Debt Collection Practices Act class action, ruling they lacked standing to pursue their lawsuit after claiming a … The post Daily Digest – February 27.

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Judgment Fair Debt Collection Collections 130

Nerd Wallet

FEBRUARY 27, 2023

Holden Lewis writes for NerdWallet. Email: hlewis@nerdwallet.com. Twitter: @HoldenL. The article In March, Mortgage Rates Will Have Little Reason to Fall originally appeared on NerdWallet.

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Prosperity Now

FEBRUARY 27, 2023

A few months ago, we discussed the judicial challenges facing the Consumer Financial Protection Bureau (CFPB), and recently we received

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Nerd Wallet

FEBRUARY 27, 2023

Meredith Wood writes for NerdWallet. Email: meredithw@nerdwallet.com. The article 33 Free or Low-Cost Ways to Advertise Your Business originally appeared on NerdWallet.

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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?

Banks

Troutman Sanders

FEBRUARY 27, 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 25, during the G20 Finance Ministers and Central Bank Governors Meeting in Bengaluru, India, India announced that a global crypto-regulatory framework is forthcoming, which will be premised on a synthesis paper expected to be jointly

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Financial services Banks Loans Retail 52

Nerd Wallet

FEBRUARY 27, 2023

Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com. Twitter: @sarakrathner. The article 5 Things to Know About the Cred.ai Credit Card originally appeared on NerdWallet.

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Troutman Sanders

FEBRUARY 27, 2023

On February 13, a bill was introduced in the Utah House of Representatives, entitled HB 455 , that would add protections relating to credit obligations and certain installment contracts for service members assigned to a “Utah-based military organization” (UBMO), defined as “a military organization headquartered in [Utah].” HB 455 includes two primary protections that would apply to obligations incurred after a covered service member has entered military service, analogous to protections afforded

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Nerd Wallet

FEBRUARY 27, 2023

Roberta Pescow writes for NerdWallet. Email: rpescow@nerdwallet.com. The article Social Security Spousal Benefits: How Long Do You Need to Be Married to Qualify? originally appeared on NerdWallet.

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Collections

Jimerson Firm

FEBRUARY 27, 2023

A differing site condition in the construction industry refers to a situation on a construction project where there is an unexpected or unknown physical condition at the construction site that differs materially from either the conditions as indicated in the contract documents, or from the conditions reasonably discoverable prior to contract. For example, previously unknown subsurface soil conditions, or the unexpected existence of hazardous materials, may be considered a differing site conditi

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Construction 52

Nerd Wallet

FEBRUARY 27, 2023

Tina Orem writes for NerdWallet. Email: torem@nerdwallet.com. The article Residuary Estate: Example and How to Distribute originally appeared on NerdWallet.

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Troutman Sanders

FEBRUARY 27, 2023

This morning the U.S. Supreme Court granted the Consumer Financial Protection Bureau’s (CFPB or Bureau) petition for certiorari in Community Financial Services Association of America Ltd. (CFSA) v. CFPB , a case that could decide once and for all whether the funding mechanism for the Bureau is constitutional. The order list does not specify which justices voted to take the case or their reasons for doing so.

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Financial services 52

Nerd Wallet

FEBRUARY 27, 2023

Sean Pyles writes for NerdWallet. Email: spyles@nerdwallet.com. Twitter: @SeanPyles. Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com. Twitter: @sarakrathner. The article Smart Money: The Tax Episode 2023 originally appeared on NerdWallet.

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Speaker: Dr. Karen Hardy, CEO and Chief Risk Officer of Strategic Leadership Advisors LLC

Communication is a core component of a resilient organization's risk management framework. However, risk communication involves more than just reporting information and populating dashboards, and we may be limiting our skillset. Storytelling is the ability to express ideas and convey messages to others, including stakeholders. When done effectively, it can help interpret complex risk environments for leaders and inform their decision-making.

Troutman Sanders

FEBRUARY 27, 2023

After lengthy discovery and litigation, a U.S. district court judge in the Western District of New York ended a class action lawsuit by holding that communications between attorneys are not actionable under the Fair Debt Collection Practices Act (FDCPA). In (Fein Such), the plaintiffs filed a class action complaint alleging that Fein Such made improper attempts to collect debts in violation of the FDCPA and New York General Business Law (GBL).

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Nerd Wallet

FEBRUARY 27, 2023

Carissa Rawson writes for NerdWallet. Email: articles@nerdwallet.com. The article The Best Disney World Resort Restaurants originally appeared on NerdWallet.

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Troutman Sanders

FEBRUARY 27, 2023

On February 9, the U.S. Department of Education (ED) released an announcement about updates that postsecondary institutions must make to their cybersecurity and data protection policies in order to comply with the Federal Trade Commission’s amended Standards for Safeguarding Customer Information (Safeguards Rule), a component of the Gramm-Leach-Bliley Act (GLBA).

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Nerd Wallet

FEBRUARY 27, 2023

Natasha Etzel writes for NerdWallet. Email: travel@nerdwallet.com. The article What is American Elite Status Worth? originally appeared on NerdWallet.

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Credit Unions