Tue.Oct 18, 2022

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House Subcommittee Chair Accuses CRAs of Failing to Fully Investigate Disputes

Account Recovery

The chair of the House Select Subcommittee on the Coronavirus Crisis has sent a letter to the Consumer Financial Protection Bureau, asking it to investigate the three major credit reporting agencies for possible violations of the Fair Credit Reporting Act, including potentially failing to investigate disputes filed by consumers. The 12-page letter, from Rep.

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How High-Priced Homes Changed the Mortgage Game in 2021

Nerd Wallet

The housing market in 2021 was one for the record books. With prices at historic highs and the number of listings in a deep hole, open houses looked like Black Friday sales and many would-be buyers were elbowed out of the melee. In 2021, the share of buyers paying all cash for home purchases trended. Elizabeth Renter writes for NerdWallet. Email: elizabeth@nerdwallet.com.

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CFPB Seeks $43M in Fines, Restitution From Debt Relief Co. Owner

Account Recovery

The Consumer Financial Protection Bureau has filed a motion for summary judgment, seeking to recover $43 million in restitution and penalties from the owner of a debt relief firm that was sued back in 2020 for taking money from individuals before achieving any of the results it promised and before it was legally able to … The post CFPB Seeks $43M in Fines, Restitution From Debt Relief Co.

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Is Congress Going to Kill Credit Card Rewards?

Nerd Wallet

Credit card rewards are so common these days — so expected, even — that they can seem untouchable. But that could change. Legislation that’s winding its way through Congress is intended by its sponsors to encourage “competition in electronic credit transactions.” But if lawmakers end up passing the measure, known as the Credit Card Competition. Kenley Young writes for NerdWallet.

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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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Debt Collection Tactics Leave 4-in-10 Brits ‘Fearing for Their Lives’

Account Recovery

Aggressive tactics by debt collectors in the United Kingdom have left four out of 10 adults “fearing for their lives,” according to the results of a poll. Nearly 50% of those who were polled reported not feeling like they were treated humanely by the businesses to whom they owed money, and nearly one-third have been … The post Debt Collection Tactics Leave 4-in-10 Brits ‘Fearing for Their Lives’ appeared first on AccountsRecovery.net.

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Collector Facing Class-Action Over Allegedly Contradictory Letters Sent on Same Day

Account Recovery

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 Collector Facing Class-Action Over Allegedly Contradictory Letters Sent on Same Day appeared first on AccountsRecovery.net.

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2022 Holiday Travel Report

Nerd Wallet

The holidays are upon us and many Americans are getting out of town. This year, more than 2 in 5 Americans (44%) plan to spend money on flights or hotel stays during the holiday season, spending $1,582, on average. That’s over 113 million holiday travelers, spending nearly $180 billion on travel expenses, according to NerdWallet. Erin El Issa writes for NerdWallet.

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Daily Digest – October 18. Collector Facing Class Action Over Allegedly Contradictory Letters; CFPB Wants $43M From Debt Relief Co. Owner

Account Recovery

COLLECTOR FACING CLASS ACTION OVER ALLEGEDLY CONTRADICTORY LETTERS SENT ON SAME DAY The plaintiff allegedly received two letters — one that included the validation notice and one that provided a verification of the debt — for the same account on the same day. The verification included an account statement that allegedly mis-stated the amount due … The post Daily Digest – October 18.

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A Guide to JFK Airport Lounges

Nerd Wallet

New York’s John F. Kennedy International Airport is a major gateway to the United States, with so many international airlines flying to the country’s largest city by population. So it’s only fitting that such a busy intercontinental hub has many lounge options to suit flyers. From Priority Pass cardholders and American Express Global Lounge Collection to.

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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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Late payments costing Small Businesses £684m

UK debt collections

New research shows that half of invoices issued by small businesses are paid late. Could stricter penalties and more transparency in regulation and reporting make a difference? Small businesses have long suffered from suppliers paying them late , but mounting economic challenges including rising inflation and the falling value of the pound are only serving to aggravate the problem.

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Delta Wi-Fi: What You Need to Know

Nerd Wallet

Whether you wish to work remotely, text a friend or binge a series in the air, you’re gonna need to access in-flight Wi-Fi. Thankfully, over the years internet service on aircraft has become more and more available. Delta Air Lines has updated its onboard Wi-Fi connection to be more reliable and faster — with internet. Anya Kartashova writes for NerdWallet.

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California Legislation Strengthens Consumer Protections for Servicemembers

Troutman Sanders

On September 27, California Governor Gavin Newsom signed Senate Bill 1311 , the Military and Veteran Consumer Protection Act of 2022 (the Act), into law. The Act takes direct aim at, among other things, the Military Lending Act’s (MLA) exceptions for loans obtained to purchase motor vehicles and other forms of personal property. It goes into effect on January 1, 2023.

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Crypto Regulation: What’s New and What Investors Need to Know

Nerd Wallet

What’s new in crypto regulations Recommendations on stablecoin regulations. On Oct. 11, the Financial Stability Board, an organization that coordinates financial policy for the world’s largest economies, published high-level recommendations regarding the oversight and regulation of stablecoins and opened the proposed framework for public comments. The proposals would provide more federal oversight for stablecoins and.

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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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Deeds to Real Property in Florida: Subsequent Purchasers Beware

Jimerson Firm

When you think of arbitration of disputes, one typically relates it to an agreement between parties, who have chosen that form of dispute resolution. However, in some cases, even parties that have not signed an agreement to arbitrate may be required to arbitrate their claims. . Indeed, the Florida Supreme Court in Hayslip v. U.S. Home Corporation determined that a deed involving real property could require a subsequent purchaser to arbitrate construction defect claims against the original bu

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Allwell Medicare Advantage 2023 Review

Nerd Wallet

Allwell is a Medicare brand of Centene Corp., the sixth-largest provider of Medicare Advantage plans in 2022. Allwell recently became a Medicare brand under Wellcare, which was acquired by Centene in 2020. Though Allwell is part of a larger brand (Centene), Allwell’s ratings are far below average. Less than a quarter of Allwell’s members who. Kate Ashford, CSA® writes for NerdWallet.

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Should I Reaffirm My Mortgage Debt?

Luftman, Heck & Associates.

Most people assume that when they file for bankruptcy, they will lose everything, including their home. However, there are ways to keep some of your property, such as your house, while addressing some of your debt. One of these ways is through a reaffirmation agreement. By fully understanding what it is and how it can help you through the complex bankruptcy process, you can come out of the process of Read More.

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New Simon AmEx Credit Card From Cardless Promises Up to 5% Back

Nerd Wallet

A new co-branded credit card from Cardless and Simon Property Group is aimed at mall and outlet shoppers. Certain details are unclear, including a release date, but the forthcoming Simon American Express Credit Card from Cardless is promising the following rewards in the form of statement credit: Up to 5% back on purchases at eligible. Jaime Hanson 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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CFPB Report Finds Some Financial Institutions and Colleges May Be Steering Students to More Expensive Financial Products

Troutman Sanders

On October 13, the Consumer Financial Protection Bureau (CFPB) released its 12th Annual Report to Congress on college credit card agreements. The report reviewed agreements and data covering the over 1.2 million student checking and credit card accounts that are governed by partnerships between institutions of higher education and financial services providers, and it highlighted market trends and possible risks.

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When to Buy Annual or Multi-Trip Travel Insurance

Nerd Wallet

Are you hoping to fill your annual calendar with multiple travel adventures? When you’re heading out on a trip, travel insurance may provide peace of mind in case things go awry. It can provide protection in the event of unexpected injury and illness, no matter where you are. For frequent travelers, sometimes a single-trip travel. Carissa Rawson writes for NerdWallet.

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FICO Fraud Expert Naomi Palmer Wins Women in Credit Award

Fico Collections

Home. Blog. FICO. FICO Fraud Expert Naomi Palmer Wins Women in Credit Award. Naomi Palmer, a fraud consultant at FICO, won silver in the ‘Team Player of the Year’ category. FICO Admin. Tue, 07/02/2019 - 02:45. by Gareth Williams. expand_less Back To Top. Tue, 10/18/2022 - 10:50. . I’m proud to report that Naomi Palmer, one of FICO’s fraud consultants, won a silver award for ‘Team Player of the Year’ at the Women in Credit Awards 2022 , sponsored by Credit Strategy.

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Proof of Work vs. Proof of Stake in Cryptocurrency

Nerd Wallet

Proof of work and proof of stake are the two most popular ways of processing cryptocurrency transactions. While they vary in crucial ways, proof of stake and proof of work are designed to assure users that payments will go through as expected. Most of the established cryptocurrencies on the market use either proof of work. Andy Rosen writes for NerdWallet.

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Future-Proof Your Firm: Smarter Tech for Stronger Returns & Simpler Workflows

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!

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Inflation to Impact Consumer Spending Ahead of Holidays

NACM

As the holiday season approaches, gift spending is expected to drop $30 billion—with a 58% consumer cut back, according to Forbes. This is largely due to the fact that inflation is taking a large bite out of consumer wallets—steering spending away from non-essential holiday purchases toward household goods."40% of holiday shoppers say that inflatio.

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