Tue.Jun 07, 2022

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Bill Introduced in House to Allow CROs to Dispute Debts Directly With Furnishers

Account Recovery

A bill has been introduced in the House of Representatives that would allow credit repair organizations to file direct disputes with furnishers on behalf of consumers, and require furnishers to respond directly to credit repair organizations with the results of a dispute investigation. Details about the bill – H.R.7919 – can be accessed by clicking … The post Bill Introduced in House to Allow CROs to Dispute Debts Directly With Furnishers appeared first on AccountsRecovery.net.

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First Quarter Marks 2 Years of Bad News for First-Time Home Buyers

Nerd Wallet

Home prices continued to reach for the sky in the first quarter of 2022, despite the fact that winter is typically the least expensive time of year to buy. With high prices paired with still-shrinking inventory, a competitive market became even more difficult to navigate. This report marks two years since NerdWallet began analyzing quarterly. Elizabeth Renter writes for NerdWallet.

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Lawsuit Accuses Collector of Trying to Collect Inflated Amount, Not Including Required Itemization Info in Letter

Account Recovery

A complaint has been filed accusing a collection agency of violating the Fair Debt Collection Practices Act and Regulation F because it apparently did not use a Model Validation Notice and allegedly did not provide the itemization information required when it sent its first written communication attempting to collect on a debt. A copy of … The post Lawsuit Accuses Collector of Trying to Collect Inflated Amount, Not Including Required Itemization Info in Letter appeared first on AccountsRec

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CFPB Issues Order to Terminate Upstart No-Action Letter

Consumer Finance

Today, the Consumer Financial Protection Bureau (CFPB) issued an order to terminate Upstart Network from its list of approved “no-action letters.” The CFPB had granted special regulatory treatment to Upstart by immunizing the lender from being charged with fair lending law violations with respect to its underwriting algorithm, while the “no-action letter” remained in force.

Lender 101
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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

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.

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Dail Digest – June 7. Judge Denies Motion for Reconsideration in FDCPA Case; Bill Introduced to Allow CROs to Dispute Debts Directly

Account Recovery

JUDGE DENIES MOTION FOR RECONSIDERATION IN FDCPA CASE A District Court judge in Pennsylvania has denied a defendant’s motion for reconsideration on the grounds that the plaintiffs in a Fair Debt Collection Practices Act lacked standing, affirming a summary judgment ruling that had previously been awarded in favor of the plaintiffs, ruling that the plaintiff’s … The post Dail Digest – June 7.

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Carrying Debt Negatively Impacts Health of Older Americans: Report

Account Recovery

Researchers have identified a connection between the amount of unsecured debt being carried by older Americans and an increased variety of health problems, including being more likely to be diagnosed with cancer or heart disease and even an impaired ability to handle regular activities like bathing a dressing, according to a published report. Traditionally, older … The post Carrying Debt Negatively Impacts Health of Older Americans: Report appeared first on AccountsRecovery.net.

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Should You Use a Reverse Mortgage to Pay for Long-Term Care?

Nerd Wallet

Someone turning 65 has nearly a 7-in-10 chance of needing long-term care in the future, according to the Department of Health and Human Services, and many don’t have the savings to manage the cost of assisted living. But they may have a mortgage-free home — and the equity in it, giving them the potential option. Kate Ashford writes for NerdWallet. Email: kashford@nerdwallet.com.

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Judge Denies Motion for Reconsideration in FDCPA Case, Ruling Inaccurate Info in Letter Enough to Confer Standing

Account Recovery

A District Court judge in Pennsylvania has denied a defendant’s motion for reconsideration on the grounds that the plaintiffs in a Fair Debt Collection Practices Act lacked standing, affirming a summary judgment ruling that had previously been awarded in favor of the plaintiffs, ruling that the plaintiff’s decision not to act after receiving a collection … The post Judge Denies Motion for Reconsideration in FDCPA Case, Ruling Inaccurate Info in Letter Enough to Confer Standing

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How to Buy Ford Stock (F)

Nerd Wallet

Ford is one of the best-known automakers in the world. Its F-series pickup trucks have been the bestselling vehicles in their class for 44 years in a row. And the Ford Fiesta, though relatively rare in the United States, is one of the bestselling cars globally. Ford stock is almost as popular with investors as. Sam Taube writes for NerdWallet. Email: staube@nerdwallet.com.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

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.

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Celebrity in court hearing for £3.2m unpaid Debt

UK debt collections

Reality celebrity star and former glamour model Katie Price is due in court today after amassing vast amount of unpaid debt. Katie Price is facing court today over her staggering £3.2million debt repayment. The former glamour model, 44, whose real name is Katrina Amy Alexandra Alexis Price , appears on the listing for the Royal Courts of Justice in London today.

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How to Use an American Airlines Flight Credit

Nerd Wallet

If you’ve previously canceled an American Airlines flight, you may be wondering how to use American Airlines flight credits or how to use American airlines trip credits. The good news is that redeeming flight credits and trip credits to book American Airlines flights is quick and easy. Before learning more about each, including how to. Natasha Gabrielle writes for NerdWallet.

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Can Debt Collectors Make Contact Through Social Media?

Direct Recovery

Getting hassled about an outstanding collection account over social media is the last thing any consumer wants to deal with. Still, many collection agents argue that it is the most productive means of communication in 2022. Because of that, changes have been made to update the rules and regulations that govern those collection efforts and how they impact consumers.

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Medical Business Loans: What They Are and How to Choose One

Nerd Wallet

Medical business loans, or practice loans, are designed for physicians and other health care professionals to finance medical, dental, vision care and veterinary practices. These loans can offer financing for established operations, new practices and the acquisition of existing businesses. These unique business loans are often found at traditional banks and sometimes offer perks you.

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Agent Tooling: Connecting AI to Your Tools, Systems & Data

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.

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Canada Bankcard Industry Benchmarking Trends: 2022 Q1 Update

Fico Collections

Home. Blog. FICO. Canada Bankcard Industry Benchmarking Trends: 2022 Q1 Update. Canada Sees Low Unemployment, But Rising Inflation – How Will This Affect Bankcard Usage? FICO. Tue, 07/02/2019 - 02:45. by Amir Sikander. expand_less Back To Top. Tue, 06/07/2022 - 15:00. FICO releases quarterly Canada Bankcard Industry Benchmarking trends. Previously, these were published on the FICO Community, but going forward they will be published on the FICO.com blog.

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Hazard Insurance for an SBA Loan: Do You Need It?

Nerd Wallet

You need hazard insurance on any property that you use as collateral for an SBA loan. If you don’t have hazard insurance — or if you fail to maintain the property in accordance with the SBA’s requirements — you may not be able to get an SBA loan, now or in the future. Hazard insurance. Rosalie Murphy writes for NerdWallet. Email: rmurphy@nerdwallet.com.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Like most industries today, Consumer Finance Services businesses continue to be significantly impacted by COVID-19. To help you keep abreast of relevant activities, below find a breakdown of some of the biggest legislative and regulatory events at the federal and state levels to impact the Consumer Finance Services industry this past week: Federal Activities.

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Grand Wailea Review: Luxury in Maui

Nerd Wallet

If you’re looking for a truly luxurious hotel in Maui that provides a relaxing, fun, and memorable experience, you should consider staying at the Grand Wailea, a Waldorf Astoria Resort. About the Grand Wailea The Grand Wailea, a Waldorf Astoria Resort (known as the Grand Wailea), is a Hilton property. Waldorf Astoria hotels and resorts. Josh Garber writes for NerdWallet.

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Protect What Matters: Rethinking Finance Ops In A Digital World

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.

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Which Credit Card Is Best for World of Hyatt?

Nerd Wallet

Hyatt hotels are growing in popularity, and for good reason. With plenty of perks for loyalists and an expanding list of properties, Hyatt is making strides in its competition against larger hotel chains. But when it comes to Hyatt credit cards, you don’t have a lot of options. Let’s take a look at what Hyatt. Carissa Rawson writes for NerdWallet. Email: articles@nerdwallet.com.

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Hotel Guide: Ritz-Carlton Maldives, Fari Islands

Nerd Wallet

Vacationing in the Maldives is on many peoples’ bucket lists, and the Ritz-Carlton Maldives is one of the newest places to stay on the islands. Opened in 2021, the Ritz-Carlton Maldives, Fari Islands is a fairy tale in paradise. With various dining, recreation and accommodation options, it’s the kind of place you never want to. Ramsey Qubein writes for NerdWallet.

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7 Valuable Hyatt Credit Card Benefits

Nerd Wallet

World of Hyatt is a popular loyalty program that fits into the small-but-mighty category. The same goes for its credit card, World of Hyatt Credit Card. It makes the most sense for frequent Hyatt guests, but it can still provide value for those looking to use its perks and save up for a big World. Ramsey Qubein writes for NerdWallet. Email: travel@nerdwallet.com.

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