Account Recovery
OCTOBER 18, 2022
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.
Nerd Wallet
OCTOBER 18, 2022
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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Account Recovery
OCTOBER 18, 2022
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.
Nerd Wallet
OCTOBER 18, 2022
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.
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
OCTOBER 18, 2022
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.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
OCTOBER 18, 2022
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.
Nerd Wallet
OCTOBER 18, 2022
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.
Account Recovery
OCTOBER 18, 2022
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.
Nerd Wallet
OCTOBER 18, 2022
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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UK debt collections
OCTOBER 18, 2022
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.
Nerd Wallet
OCTOBER 18, 2022
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.
Troutman Sanders
OCTOBER 18, 2022
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.
Nerd Wallet
OCTOBER 18, 2022
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.
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?
Jimerson Firm
OCTOBER 18, 2022
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
Nerd Wallet
OCTOBER 18, 2022
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.
Luftman, Heck & Associates.
OCTOBER 18, 2022
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.
Nerd Wallet
OCTOBER 18, 2022
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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Troutman Sanders
OCTOBER 18, 2022
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.
Nerd Wallet
OCTOBER 18, 2022
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.
Fico Collections
OCTOBER 18, 2022
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.
NACM
OCTOBER 18, 2022
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.
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.
Nerd Wallet
OCTOBER 18, 2022
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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