Account Recovery

OCTOBER 25, 2021

It might not specifically mention debt collection or the accounts receivable management industry, but everyone’s ears should still be perking up after a number of departments within the federal government on Friday announced a crackdown on discrimination in the financial services industry. The Department of Justice, in conjunction with the Consumer Financial Protection Bureau and … The post Federal Gov’t Announces Crackdown on Discrimination in Financial Services appeared first

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Nerd Wallet

OCTOBER 25, 2021

Taylor Carty grew up with a checking and savings account, but after college, she needed a different way to save for medical school that wouldn’t jeopardize her health insurance. Carty, who has cerebral palsy, qualifies for California’s Medicaid program, Medi-Cal, which pays for some medical expenses that her primary insurance doesn’t cover. But for someone.

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Banks 110

Account Recovery

OCTOBER 25, 2021

JUDGE GRANTS MSJ FOR DEFENDANT IN FDCPA CASE OVER COMMUNICATION ISSUES You ever have a situation where you and someone else just don’t see eye to eye on anything? A debt collector is having that problem with a husband and wife, where both sides agree that a debt is owed, but disagree on just about … The post Daily Digest – October 25. Judge Grants MSJ in FDCPA Case; Hospitals See Increase in ‘Adverse’ Revenue Cycle Events appeared first on AccountsRecovery.net.

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Debt collector 246

Nerd Wallet

OCTOBER 25, 2021

In this series, NerdWallet highlights people’s debt payoff journeys. This month, new Nerd Holly Carey looks back at how ditching debt sparked an interest in personal finance and ultimately led her to join NerdWallet. Holly Carey Paid off: $55,630 in 26 months I wasn’t always nerdy about money. In fact, when I decided to take. Holly Carey writes for NerdWallet.

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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

OCTOBER 25, 2021

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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Account Recovery

OCTOBER 25, 2021

Three-quarters of hospitals have experienced “adverse revenue cycle impacts” as a result of the COVID-19 pandemic, and 27% reported higher levels of bad debt or uncompensated care, according to the results of a report that were released last week. Hospitals are also facing issues retaining staff and are looking to embrace less traditional models and … The post Hospitals See Increase in ‘Adverse’ Revenue Cycle Impacts: Report appeared first on AccountsRecovery.net.

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Healthcare 243

Nerd Wallet

OCTOBER 25, 2021

Planned or unexpected, medical-related expenses can be costly and cause financial strain. In 2020, roughly 7 million Americans had medical debt in collections, according to a study by the Journal of the American Medical Association. It’s generally not advisable to use a credit card for medical expenses unless absolutely necessary. Doing so could end up.

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Collections 87

Account Recovery

OCTOBER 25, 2021

You ever have a situation where you and someone else just don’t see eye to eye on anything? A debt collector is having that problem with a husband and wife, where both sides agree that a debt is owed, but disagree on just about everything that happened after that debt was placed with the collector. … The post Judge Grants MSJ For Defendant in FDCPA Case Over Communication Issues appeared first on AccountsRecovery.net.

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Debt collector 237

Nerd Wallet

OCTOBER 25, 2021

Here’s an easy way to earn bonus Marriott points for dining out, whether it’s on vacation or just in your own neighborhood. Marriott’s Eat Around Town is a dining program that allows Marriott Bonvoy members to earn at least 4 points per $1 spent at over 11,000 participating restaurants across the U.S. Here’s what you. Lissa Poirot writes for NerdWallet.

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Collections

Troutman Sanders

OCTOBER 25, 2021

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge.

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Financial services Banks Student loans Student Loans 52

Nerd Wallet

OCTOBER 25, 2021

So you’re planning a vacation to Disneyland Resort. Between theme park tickets, restaurant reservations and flights, you’re tapped out on cash — but you’ve still got to find somewhere to stay. For those who collect credit card or hotel points, you’ll have several options because the area surrounding Disneyland is filled with chain hotels. Take. Carissa Rawson writes for NerdWallet.

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Collection Industry News

OCTOBER 25, 2021

Source: site. Advocates and lawmakers are pushing hospitals to provide help for patients to pay their bills. Swamped with medical bills? The hospital that treated you may be able to help. Whether you learn about this before those bills wind up in debt collections is another matter. Medical bills often represent large, unexpected shocks that can crash personal budgets.

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Nerd Wallet

OCTOBER 25, 2021

Anyone can join a hotel loyalty program to earn points redeemable for award nights and other perks. But if you can qualify as an elite member in your favorite program, the perks get better. Free breakfast, free room upgrades and bonus points on stays are just some of the benefits that can make hotel elite. June Casagrande writes for NerdWallet. Email: travel@nerdwallet.com.

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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

OCTOBER 25, 2021

On October 18, consumer advocate groups and 19 state attorneys general wrote comment letters, urging banking regulators to denounce “rent-a-bank” arrangements between financial institutions and fintechs or other third-party providers. The consumer advocates and attorneys general both push regulators to address and denounce financial institutions partnering with nonbanks to engage in high-cost lending otherwise prohibited by state laws establishing lower interest rates for nonbank entities.

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Nerd Wallet

OCTOBER 25, 2021

NerdWallet is here to help you win Black Friday, while leaving your budget intact. We spend the time, you save the money. Visit regularly for holiday shopping tips and announcements about your favorite retailers. Black Friday is Nov. 26. Lowe’s Black Friday deals are most anticipated among those of us who are looking to decorate. NerdWallet writes for NerdWallet.

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Retail 71

Fico Collections

OCTOBER 25, 2021

There are many data science topics that Dr. Scott Zoldi, FICO’s Chief Analytics Officer, is passionate about, but responsible, ethical artificial intelligence (AI) is surely near the top. Scott has blogged extensively and been in the news talking about Ethical AI, one of four critical components of Responsible AI , along with Explainable AI, Robust AI and Audtable AI.

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On Guard

OCTOBER 25, 2021

In recent years, the Visma | Onguard Fintech Barometer, an extensive annual survey of financial professionals, has grown into an indicator of the credit management landscape. After four years of conducting the survey, we have a wealth of data to reflect on. From this we can see interesting technology trends emerge. Digital transformation in the credit industry progress further, and steps are being made towards automation finally relieving teams of burdensome repetitive tasks.

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Collections

Fico Collections

OCTOBER 25, 2021

In the global fight against money laundering, every bank shares the same top-line challenge and bottom-line reality; anti-money laundering (AML) operations are essential in combatting financial crime—and a costly compliance commitment. Yet each bank’s AML organization and technology environment is different, requiring solutions that can be customized to meet individual institutions’ needs.

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Collection Industry News

OCTOBER 25, 2021

Source: site. The CFPB updated its Supervision and Examination Manual by adding a new section titled Compliance Management Review – Information Technology. The new examination procedures are meant to assist CFPB examiners when assessing an entity’s information technology (IT) controls as part of a Compliance Management System (CMS) review. Among other things, the new exam procedures outline the following five modules: (i) Board and Management Oversight; (ii) Compliance Program; (iii) Serv

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Collection Industry News

OCTOBER 25, 2021

Source: site. California continues to be at the vanguard of privacy protection. On October 11, 2021 California’s Governor Newsom signed several bills addressing privacy and data security. These new laws go into effect January 1, 2022 and include: AB 335 , which adds an exemption to the California Consumer Privacy Act (CCPA) consumer personal information sales opt-out right.

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Collection Industry News

OCTOBER 25, 2021

Source: site. In one of his first actions since being sworn in as director of the Consumer Financial Protection Bureau (CFPB), Rohit Chopra has made clear that the CFPB will be looking over the shoulder of large technology companies to protect consumers. Director Chopra comes to the CFPB directly from his stint as a commissioner at the Federal Trade Commission (FTC), an agency with more sweeping authority over large tech companies.

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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.

Collection Industry News

OCTOBER 25, 2021

Source: site. The Consumer Financial Protection Bureau (CFPB) will name Eric Halperin, a longtime consumer advocacy attorney and former official with the U.S. Department of Justice during the Barack Obama administration, to serve as its new enforcement director. This is according to original reporting at Bloomberg Law, based on conversations with internal CFPB sources who wished to remain unnamed.

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Collection Industry News

OCTOBER 25, 2021

Source: site. In September 2021, the CFPB took action against Better Future Forward, Inc. (BFF), a provider of student income share arrangements, and LendUp, an online, subprime consumer lender. In both cases, the CFPB alleged that the target company violated the Dodd-Frank Act by deceiving customers as to the nature or consequences of their transactions with those companies.

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Loans Education Student loans Student Loans 40