Wed.Jun 29, 2022

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Groups Launch Ad Campaign, Issue White Paper, Detailing ‘Unlawful’ Actions at CFPB

Account Recovery

Rohit Chopra, the Director of the Consumer Financial Protection Bureau, has finally gone too far, in the eyes of the U.S. Chamber of Commerce and three national banking trade groups, who yesterday started campaigns to draw attention to what they labeled as Chopra’s “radical agenda and reckless actions.” The Chamber of Commerce launched an advertising … The post Groups Launch Ad Campaign, Issue White Paper, Detailing ‘Unlawful’ Actions at CFPB appeared first on

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Should You Use Buy Now, Pay Later Services for Travel?

Nerd Wallet

Buy now, pay later services are an increasingly popular way to purchase products online. These services often target young shoppers through social networks and promote the ability to purchase products like clothing or makeup via a small down payment followed by installment payments to cover the difference. But it’s not just physical stuff that you. Sally French writes for NerdWallet.

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CFPB Issues Rule Outlining How States Can Enact Credit Reporting Laws

Account Recovery

Just because grandma allows your kids to run in her house does not mean that you have to let them run in yours, the Consumer Financial Protection Bureau announced to states yesterday, issuing an interpretive rule reminding them that the Fair Credit Reporting Act does not preempt states from enacting their own credit reporting laws, … The post CFPB Issues Rule Outlining How States Can Enact Credit Reporting Laws appeared first on AccountsRecovery.net.

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What You Should Know About Debt Collectors

Sawin & Shea

If, like many, you are struggling with debt and are behind on payments, you may be stressed out by all of the calls you are receiving from your creditors. While it is normal and expected for debtors to receive calls or notices in the mail or email from their creditors and debt collectors, it is not okay for them to harass you or intimidate you. Creditor harassment is unlawful, and there are many other things that debt collectors don’t want debtors to know to make it easier for them to get away w

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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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New Payment Platform Allows Consumers to Split Payments Across Multiple Cards

Account Recovery

A new payment platform, which allows consumers to split payments across multiple debit and credit cards, has announced that it has raised $5.5 million to help it launch. Among the investors in the platform are Odell Beckham, Jr., and actress Robin Wright, according to a published report. The platform, called Kasheesh, allows consumers to split … The post New Payment Platform Allows Consumers to Split Payments Across Multiple Cards appeared first on AccountsRecovery.net.

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22 Companies Seeking Collection Talent

Account Recovery

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers. This is merely meant … The post 22 Companies Seeking Collection Talent appeared first on AccountsRecovery.net.

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What Is a 10-Year Adjustable-Rate Mortgage?

Nerd Wallet

A 10-year adjustable-rate mortgage offers a fixed rate for the first 10 years of the loan. After that, the interest rate resets every six months. Many homeowners opt to refinance or sell their property before the rate starts to change. So why bother with an adjustable-rate mortgage at all? Well, because during that initial fixed-rate. Kate Wood writes for NerdWallet.

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Daily Digest – June 29. CFPB Issues Rule Outlining How States Can Enact Credit Reporting Laws; New Payment Platform Allows Consumers to Split Purchases

Account Recovery

CFPB ISSUES RULE OUTLINING HOW STATES CAN ENACT CREDIT REPORTING LAWS Just because grandma allows your kids to run in her house does not mean that you have to let them run in yours, the Consumer Financial Protection Bureau announced to states yesterday, issuing an interpretive rule reminding them that the Fair Credit Reporting Act … The post Daily Digest – June 29.

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Amid Inflation, Shop Back-to-School Early — But Not All at Once

Nerd Wallet

Just as school-aged kids ease into summer break, the state of the economy forces many parents to put back-to-school shopping on the radar early. In fact, 87% of shoppers for kids K-12 say current economic conditions will impact the way they shop this year, up from 80% in 2021, according to recent data collected by. Tommy Tindall 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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CFPB Rescinds Special Regulatory Treatment for Payactiv

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) issued an order today terminating Payactiv’s Sandbox Approval Order relating to its earned wage access products. The CFPB had given Payactiv special regulatory treatment, including as to liability under a relevant federal consumer financial law with respect to these products. Payactiv requested the termination in order to make changes to its fee model.

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Your Vacation Budget Is Still at Risk — Here’s How to Protect It

Nerd Wallet

More countries are lifting their COVID-19 restrictions, making it less likely that you’ll need a negative test to travel abroad. In the U.S., case numbers are dropping. And with that, one of the most compelling reasons to purchase travel insurance — the coronavirus pandemic — might feel like it’s gone away. But if the past. Sally French writes for NerdWallet.

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What Documentation Do You Need to Vacate a Default Judgment In New York?

FFGN COLLECT NY

Are you wondering what documentation or proof you will need to provide in order to vacate a default judgment in New York? Similarly, do you need proof to vacate a judgment entered pursuant to a confession of judgment you signed outside of New York that was entered in New York before the law changed prohibiting this practice? When seeking to set aside a judgment on default or entered pursuant to a confession, you need to submit an affidavit to the court in support of an application to vacate the

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Want a Gas-Free Road Trip? Consider Renting an EV

Nerd Wallet

Soaring gas prices have made road trips more expensive, while also contributing to increasing costs for airfares. And while you’ll likely not fly in an electric plane anytime soon, this might be the year of the electric car road trip. Even if you don’t own an electric car yourself, it’s fairly easy to rent one. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com.

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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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To Be or Not to Be? Bipartisan U.S. Federal Privacy Bill Gains Momentum

Troutman Sanders

Register Here Wednesday, July 6 • 2:00 p.m. ET. Over the last couple of weeks there has been a dramatic increase in momentum for federal privacy legislation. On June 3, H.R. 8152, the American Data Privacy and Protection Act (ADPPA) was introduced, and this legislation would be the first comprehensive privacy proposal to gain bipartisan, bicameral support.

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Bivvy Pet Insurance Review 2022

Nerd Wallet

Plans offered: Accident and illness, wellness. Breadth of coverage: Good.Range of plan options: Poor.Can pay your vet directly: No. The bottom line: Offers lower rates and less coverage than most other pet insurers. How we review pet insurance Our writers and editors follow strict editorial guidelines that ensure fairness and accuracy in order to help you.

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Change the Narrative: Your Invoices Probably Need Better Billing Descriptions

NCBA Law Practice Management Blog

Every interaction a law firm has with a client is a marketing opportunity, a chance to cement your value as a service provider And, there’s actually no better place to solidify that relationship than through your invoicing. It’s a continuous, repetitive option for remind ing your client of what you’ve done for them. It places your value proposition in stark relief.

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The Definitive List of Holidays for Small-Business Marketing

Nerd Wallet

Marketing plays a significant role in small business success, and a well-developed marketing campaign can capitalize on more holidays than just major days like Thanksgiving and Christmas. There are hundreds of unique holidays in the U.S. each year, such as Coffee Day (Sept. 29), Lawn and Garden Month (April) and Bubble Wrap Appreciation Day (last. Whitney Vandiver writes for NerdWallet.

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You Put in a Full Work Week. Shouldn’t Your Collections Software Do the Same?

Discover a modern, cloud-based collection system that never takes a rest day. MeridianLink® Collect is an intuitive platform with advanced customization options developed to simplify the collections process. Here are four ways MeridianLink Collect can support your team: Omnichannel communications Compliance rules & checklists Workflows & queues One interface with supporting integrations And that’s just the start.

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CFPB Office of Servicemember Affairs Releases Annual Report

Troutman Sanders

The Consumer Financial Protection Bureau (CFPB) Office of Servicemember Affairs released its annual report , detailing over 17,000 complaints filed by servicemembers, veterans, and their families in 2021. The largest number of complaints concerned incorrect information on credit reports; closely related to the first complaint was the failure of credit reporting agencies to swiftly and thoroughly respond to these complaints.

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How LGBTQ+ Americans Can Overcome Barriers to Building Credit

Nerd Wallet

Andrew Pledger publicly came out as gay on an Instagram Live interview in January 2022, right before starting his last semester at Bob Jones University, an evangelical institution in South Carolina. Less than two weeks later, he was expelled. During Pledger’s time in college, he attended a church that affirmed his identity as a gay. Caitlin Mims writes for NerdWallet.

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Vijay Raghavan Essay: Shifting Burdens at the Fringe

Public Citizen

Vijay Raghavan of Brooklyn has written Shifting Burdens at the Fringe, 102 Boston University Law Review (2022).  Here's the abstract: Scholars are increasingly arguing that consumer law can be a site of distribution. This raises at least two concerns: the classic argument associated with Louis Kaplow & Steven Shavell against redistributing income through legal rules, and a more recent concern that additional equity in consumer law will mean less equity in other important domains.

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PNC Bank Business Loans Review

Nerd Wallet

Our Take The bottom line: PNC business loans are a good option for existing PNC business banking customers who have established businesses and strong credit history. Jump to: Full Review Pros & Cons Pros A varied selection of business loans to offer, including SBA loans. Specialized financing for business real estate and vehicle purchases. The. Lisa Anthony writes for NerdWallet.

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The Power of Storytelling in Risk Management

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.

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Celebrating 10+ Years of Kindergarten to College: An Interview with Mohan Kanungo, Program Manager

Prosperity Now

This year, San Francisco’s Kindergarten to College (K2C) program celebrated its belated 10th anniversary (delayed one year by COVID-19).

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What Is Premarket Trading?

Nerd Wallet

Premarket trading definition Premarket trading is a stock trading activity that takes place outside official market hours, typically between 4 a.m and 9:30 a.m Eastern time in the U.S. or as specified by your brokerage. Premarket trading allows investors to react to news events outside regular business hours and place a trade between 4 a.m. Alieza Durana writes for NerdWallet.

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FTC sues Walmart for facilitating money transfer fraud

Public Citizen

The Federal Trade Commission yesterday sued Walmart for allowing its money transfer services to be used by fraudsters, who fleeced consumers out of hundreds of millions of dollars. In its lawsuit, the FTC alleges  that for years, the company turned a blind eye while scammers took advantage of its failure to properly secure the money transfer services offered at Walmart stores.

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Russia-Ukraine War Substantially Damaged Global Supply Chain, Report Says

NACM

Just when businesses thought the supply chain crisis couldn't get much worse, Russia's invasion of Ukraine disrupted global trade even further. The conflict has increased shipping costs, complicated logistics and increased transit times, according to a new report from the United Nations Conference on Trade and Development (UNCTAD)."The war in the U.

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How to Attract Multiple Generations to Open New Accounts and Apply for Loans

The experiences of every generation are characterized by their behaviors involving finances. Understanding these attitudes and using them to inform marketing messages enables community banks, regional banks and credit unions to better serve their customers. This entertaining and informative eBook will help your financial institution uncover the best practices when it comes to appealing to mass audiences.