Wed.Apr 06, 2022

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Compliance Advisor Tonia Brown joins ARM Compliance Business Solutions 

Account Recovery

Birmingham, Alabama – ARM Compliance Business Solutions is excited to announce that Tonia Brown has joined the company as a Senior Compliance Advisor. In this role, Tonia will navigate ARM Compliance Business Solutions clients through the ever-changing regulatory compliance requirements of consumer financial laws by enhancing their Compliance Management System through policy development and implementation, … The post Compliance Advisor Tonia Brown joins ARM Compliance Business Soluti

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CFPB Seeks to Halt Negative Credit Reporting for Survivors of Human Trafficking

Consumer Finance

Today, the Consumer Financial Protection Bureau (CFPB) is using its rulemaking authority to propose that consumer reporting agencies (CRAs) do not prevent survivors of human trafficking from achieving financial independence. The proposed rule would protect survivors of human trafficking by preventing CRAs from including negative information resulting from abuse.

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FCC Chair Says Congress May Need to Act to Expand Definition of ATDS Under TCPA

Account Recovery

The chairwoman of the Federal Communications Commission is calling on Congress to help amend the definition of an automated telephone dialing system because the Supreme Court’s decision in Facebook v. Duguid “could lead to less consumer protection from robocalls,” she wrote in a letter responding to a request from Rep. Vern Buchanan [R-Fla.] about the … The post FCC Chair Says Congress May Need to Act to Expand Definition of ATDS Under TCPA appeared first on AccountsRecov

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5 Best Credit Repair Companies – Updated April 2022

Better Credit Blog

If you’re ready to tackle improving your credit, a credit repair service can help save you time, energy, and a whole lot of hassle. Credit repair companies challenge items on your credit report that are inaccurate, incomplete, or unverifiable. It is possible to handle this on your own, but it requires hours on the phone, sending letters, and working with each of the three credit bureaus.

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

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.

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24 Companies Seeking Collection Talent

Account Recovery

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers. This is merely meant … The post 24 Companies Seeking Collection Talent appeared first on AccountsRecovery.net.

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Judge Grants MTD in FCRA Case Against Collectors For Not Removing Dispute Notification

Account Recovery

In a case that was defended by the team at Gordon & Rees Scully Mansukhani, a District Court judge in Michigan has granted a motion to dismiss filed by defendants in a Fair Credit Reporting Act case, after they were accused of not updating that the accounts in question were no longer being disputed. A … The post Judge Grants MTD in FCRA Case Against Collectors For Not Removing Dispute Notification appeared first on AccountsRecovery.net.

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Which Is Cheaper: Booking Rental Cars in Advance or Last Minute?

Nerd Wallet

Conventional wisdom suggests that you book travel reservations in advance to nab the best deal. But when it comes to rental cars, this might surprise you: The best time to rent a car is last minute, when they tend to be cheaper. That’s according to a NerdWallet analysis conducted in March 2022 of 360 rental. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com.

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White House to Extend Student Loan Payment Moratorium Until September

Account Recovery

The White House is expected to announce as soon as today that it will once again extend the moratorium on student loan payments, this time pushing the deadline out another four months to August 31. This will mark the sixth time since the start of the COVID-19 pandemic that the federal government has opted to … The post White House to Extend Student Loan Payment Moratorium Until September appeared first on AccountsRecovery.net.

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Will you lose your government benefits in bankruptcy?

Albuquerque Law

The federal government has many programs available to assist citizens and their families if they face financial hardships. This financial assistance can make a big difference for families struggling to make ends meet. However, the United States Census Bureau reports that families who receive at least one kind of government aid held about the same amount of debt as those who did not participate in such benefit programs.

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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

Are you finding some snags in your collections process? With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.

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Daily Digest – April 6. Judge Grants MTD in FCRA Case; White House to Extend Student Loan Payment Moratorium

Account Recovery

JUDGE GRANTS MTD IN FCRA CASE AGAINST COLLECTORS FOR NOT REMOVING DISPUTE NOTIFICATIONS In a case that was defended by the team at Gordon & Rees Scully Mansukhani, a District Court judge in Michigan has granted a motion to dismiss filed by defendants in a Fair Credit Reporting Act case, after they were accused of … The post Daily Digest – April 6.

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How to Optimize Chase Freedom, Discover it Cash Back for Q2 2022

Nerd Wallet

Spring is in the air, and so are Chase and Discover’s Q2 cash-back categories. This quarter, the Chase Freedom Flex? and select Discover cards like the Discover it® Cash Back can help you save, whether you’re venturing outdoors or spending from the couch. From April 1, 2022, to June 30, 2022, eligible cards will earn. Funto Omojola writes for NerdWallet.

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Texas Supreme Court Holds Administrative Wire Transfer Form Does Not Impose Contractual Duties on Bank

Troutman Sanders

In Cadence Bank, N.A. v. Roy J. Elizondo III, PLLC , the Supreme Court of Texas recently held that an administrative form relied upon by a victim of a fraud scam did not impose contractual obligations on a bank to verify available funds before processing the wire transaction. A Texas lawyer maintained an IOLTA deposit account at Cadence Bank. In 2014, a scammer emailed the lawyer, seeking his legal representation.

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Startup Explained

Nerd Wallet

What is a startup? A startup is a type of new business whose primary purpose is growth. Startups go through a process of experimenting and using customer feedback to develop a business model that will allow the organization to become a large company. The basics of a startup Startups aren’t limited by industry, and they’re. Taryn Phaneuf writes for NerdWallet.

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ERM Program Fundamentals for Success in the Banking Industry

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?

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Director Chopra's Opening Remarks to the Community Bank and Credit Union Advisory Councils

Consumer Finance

Director Chopra remarks at the April 7, 2022 combined CBAC & CUAC meeting.

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The Pros and Cons of Booking Through Online Travel Agencies

Nerd Wallet

You’re likely already familiar with online travel agencies, even if you don’t travel often. These companies — such as Priceline, Expedia and Orbitz — act as intermediaries between you and a travel provider. Booking your travel through an OTA can be a good idea in some circumstances, but you’ll want to be wary of its pitfalls. Let’s. Carissa Rawson writes for NerdWallet.

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Matt Reed proposal: Cancel interest on student loans

Public Citizen

by Jeff Sovern. Here. That's consistent with Elizabeth Warren's position that the government shouldn't make money on student loans. I wonder what incentives it would create.

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Citi Diamond Preferred Offering $150 Bonus (Limited Time)

Nerd Wallet

The Citi® Diamond Preferred® Card is offering a new incentive for new cardholders. Starting April 5, 2022, the $0-annual-fee card, which didn’t previously have a sign-up bonus, will feature the following limited-time offer when you apply on sites like NerdWallet: Earn a $150 statement credit after you spend $500 on purchases in the first 3 months. Funto Omojola writes for NerdWallet.

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You Put in a Full Work Week. Shouldn’t Your Collections Software Do the Same?

Discover a modern, cloud-based collection system that never takes a rest day. MeridianLink® Collect is an intuitive platform with advanced customization options developed to simplify the collections process. Here are four ways MeridianLink Collect can support your team: Omnichannel communications Compliance rules & checklists Workflows & queues One interface with supporting integrations And that’s just the start.

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3 Ways To Remove Charge-Offs From Your Credit Report

Better Credit Blog

If you have recently pulled your credit report and noticed a charge-off there, you might be wondering how to remove it from your report. First, know that a charge-off in your credit history is a major deal. It will most likely cause a large decrease in your credit score. So if you don’t take any steps to dispute it, the charge-off will stay on your credit report for up to seven years.

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Mexico-US Trade Partnership is Booming

NACM

Mexico finished 2021 as the No. 1 trade partner of the U.S. for only the second time ever, according to Forbes. And trade between the two countries is only expected to grow as more businesses look to nearshore."A lot of companies that went to China, Thailand or Vietnam are considering bringing their investments back to North America," Kenneth Smith.

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U.S. House of Representatives Passes MORE Act to Decriminalize Cannabis

Fraser

On Friday, April 1, 2022, the U.S. House of Representatives voted to decriminalize cannabis on the federal level, allow for the expungement of certain marijuana convictions, and offer loan opportunities to cannabis businesses. The House passed The Marijuana Opportunity Reinvestment and Expungement (“MORE”) Act by a vote of 220-204, and would have the following changes: Remove marijuana from the list of scheduled substances so that growing, selling, or possessing the drug would no lon

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