Fri.May 27, 2022

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How Your Business Can Support Gun Violence Victims

Enterprise Recovery

When tragedy happens in America, regular life grinds to a halt. For business marketers and executives, their daily tasks come with heavy consequences. Both internal employees and the public often jump to conclusions based on your business' reaction or lack of reaction. With the recent gun violence in recent weeks, many organizations are left wondering what to say or do.

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Will Insurance Reimburse the Cost of a COVID Test for Travel?

Nerd Wallet

Depending on where you are traveling, you might be required to take a COVID-19 test before departure. But, of course, this raises whether your insurance will reimburse you for the test. So the short answer is: There’s no one-size-fits-all answer. Whether or not your test will be covered will depend on your health insurance and. Carissa Rawson writes for NerdWallet.

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Five Stories that Matter in Michigan This Week – May 27, 2022

Fraser

Five Stories that Matter in Michigan This Week – May 27, 2022; Legal, Legislative, and Regulatory Insights. The Republican-led Michigan Senate and House recently passed $2.5 billion in tax cuts, with a party-line vote in the Senate and a more bipartisan vote in the House. The legislation was passed shortly after Governor Whitmer suggested sending $500 rebates to “working families” in Michigan.

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Can You Bring Food Through TSA?

Nerd Wallet

Sitting on a plane for long stretches of time without comforting snacks can make a long flight feel even longer. If you want to save money by packing your own food, it’s smart to understand what kinds of sustenance you can bring through the Transportation Security Administration checkpoint. Can you take food through TSA? The. Meg Lee 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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6 Best Home Equity Loans – Updated June 2022

Better Credit Blog

Home equity loans allow you to borrow funds against the existing equity on your property. The equity balance is the difference between the market value of your home and the amount owed on your mortgage. Homeowners use these loans to fund home renovations, student loans, and high-value purchases or consolidate high-interest debt. When you take out this type of loan, you receive a lump sum that you pay back, typically at a fixed interest rate, over a period of 5 to 30 years.

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Hunt paper: The Failed Legal Case Against Student Debt Jubilee

Public Citizen

John P. Hunt of UC-Davis has written  The Failed Legal Case Against Student Debt Jubilee. Here is the abstract: This paper reviews and rebuts the arguments presented to date that the Executive lacks authority to engage in mass student loan cancellation. Legality skeptics have presented no compelling argument that the relevant statutory text, which authorizes the Secretary of Education to “waive … or release., any claim” is ambiguous.

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6 Things to Know Before Joining World of Hyatt

Nerd Wallet

Whether you’re a frequent traveler or you’re just booking your first hotel, it often makes sense to join a loyalty program. Why? Because hotels reward you for your stays, no matter how much you travel. World of Hyatt membership is no exception. Let’s take a look at what you should know before joining Word Of. Carissa Rawson writes for NerdWallet. Email: articles@nerdwallet.com.

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CFPB Releases a Warning — But No Helpful Guidance — on Machine Learning Model Adverse Action Notices

Troutman Sanders

On May 26, the Consumer Financial Protection Bureau (CFPB or Bureau) announced that federal anti-discrimination law requires companies to explain to applicants the specific reasons for denying an application for credit or taking other adverse actions, even if the creditor is relying on credit models using complex algorithms. In a corresponding Consumer Financial Protection Circular published the same day , the CFPB started with the question, “When creditors make credit decisions … do these credi

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Application Fraud – An Open Door for Fraudsters

Fico Collections

Fraud at the point of application has long been an issue for lenders. Over the years, other sectors that needed personal data to set-up accounts and provide access to services have also fallen in the line of fire of criminals. We have seen insurance, utilities and mobile phone contracts all targeted by application fraud. This trend has grown considerably, as the pandemic forced rapid digital transformations across organizations that were far from ready.

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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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California Supreme Court OKs Unlimited Fee Awards Against Holders of Credit Contracts

Troutman Sanders

On May 26, California Supreme Court ruled that the Federal Trade Commission’s (FTC) “Holder Rule” does not limit the award of attorneys’ fees where a consumer seeks fees from a holder under a state prevailing party statute. The Holder Rule and Previous California Precedent. The FTC’s Holder Rule permits consumers to bring any legal claims against the “holder” of a credit contract that the consumer could assert against the original seller of the good or service, even if the claim springs from the

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The Latest Podcast Episode of Extra Credit is Here!

NACM

Its a rainy day here at NACM headquarters in Columbia, Maryland. But what better way to spend the day inside than listening to the latest episode of our Extra Credit #podcast ? ??Listen here: [link] week we talked about.1. Credit departments losing staff to other companies2. Possible early signs of an.

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CFPB Probes ‘Suppressed’ Credit Card Payment Reporting

Troutman Sanders

On May 25, the Consumer Financial Protection Bureau (CFPB or Bureau) published a blog post , examining what it describes as the “practice of suppressing payment data.”. Per the blog post, the CFPB alleges that its research conducted in 2020 “uncovered that only about half of the largest credit card companies contribute data to credit reporting companies about the exact monthly payment amounts made by borrowers.

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Overview of a Trustee’s Duties Under the Florida Trust Code

Jimerson Firm

A trustee of a trust in Florida has numerous duties to which they must adhere to in the administration of the trust. A trustee’s failure to do so may constitute a breach of trust and give rise to legal claims by trust beneficiaries. The Florida Trust Code provides an overview of the trustee’s duties in section 736.0801, making clear that “Upon acceptance of a trusteeship, the trustee shall administer the trust in good faith, in accordance with its terms and purposes and the interests of the be

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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.