Thu.Apr 20, 2023

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Getting to Know Michaela Strand of Wakefield & Associates

Account Recovery

A rising tide lifts all boats. A saying that describes Michaela Strand’s ascendance up the corporate ladder at Wakefield & Associates — because she excels at empowering those around her to achieve their own personal and professional goals. It’s amazing that her team says that about her, but it’s even more impressive that it’s true. … The post Getting to Know Michaela Strand of Wakefield & Associates first appeared on AccountsRecovery.net.

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Can You Use a Debit Card as a Credit Card?

Credit Corp

Debit cards look and feel like credit cards. But they aren’t the same thing. Discover the difference between debit and credit cards in this quick guide, including what happens if you choose to run your debit card as credit when paying for goods or services. In This Piece Can You Use Your Debit Card as a Credit Card? What Happens When You Use a Debit Card as Credit?

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Clerkie Raises $33M to Fix ‘Broken Debt System’

Account Recovery

Clerkie, San Francisco-based company announced this week that it has raised $33 million in a Series A funding round — led by Left Lane Capital, with participation from Wellington Management Company, Flourish Ventures, Citi Ventures, CMFG Ventures, and Vestigo Ventures. This brings Clerkie’s total funding to $41 million, following a $6 million seed round.

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What Is the Average Used Car Loan Rate?

Credit Corp

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Those with a credit score of over 780 have an average car loan interest rate as low as 4.75 percent and individuals with a score below 500 pay an average interest rate as high as 20.62 percent.

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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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CFPB Discloses ‘Major’ Breach After Former Employee Emails Info on 250k Consumers to Self

Account Recovery

Reports surfaced last night that the Consumer Financial Protection Bureau (CFPB) has informed lawmakers of that an employee who no longer works at the Bureau forwarded confidential information on 250,000 consumers and dozens of financial firms to a personal email account. The CFPB has described this as a “major” incident to U.S. lawmakers.

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More Trending

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Conn. Regulator Imposes Sanctions on Collection Operation

Account Recovery

The Connecticut Department of Banking has assessed a $45,000 fine against a collection operation for a number of alleged violations, including failing to maintain the minimum tangible net worth requirements, failing to account for and remit to its clients all money collected, and collecting amounts in excess of the amount placed with the agency, among … The post Conn.

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CFPB Request for Information About the Status of Data Brokers Under the Fair Credit Reporting Act

Troutman Sanders

Please join Troutman Pepper Partner Chris Willis and his fellow Partner Julie Hoffmeister as they discuss the Consumer Financial Protection Bureau’s (CFPB) recent request for information about data brokers and the potential interplay with the Fair Credit Reporting Act (FCRA). During this episode, they expand on the CFPB’s potential FCRA rulemaking regarding data brokers, the CFPB’s intent to monitor data brokers and its desire to have greater oversight on the data broker industry, and the steps

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Daily Digest – April 20. Getting to Know Michaela Strand of Wakefield & Associates; Clerkie Raises $33M to Fix ‘Broken Debt System’

Account Recovery

GETTING TO KNOW MICHAELA STRAND OF WAKEFIELD & ASSOCIATES A rising tide lifts all boats. A saying that describes Michaela Strand’s ascendance up the corporate ladder at Wakefield & Associates — because she excels at empowering those around her to achieve their own personal and professional goals. It’s amazing that her team says that about … The post Daily Digest – April 20.

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Real-Time Payments Survey Reveals Growth in Usage - and Scams

Fico Collections

Home Blog FICO Real-Time Payments Survey Reveals Growth in Usage - and Scams Real-time payments are a growing global phenomenon, but the shifting payments landscape is also giving fraudsters new attack vectors FICO Admin Tue, 07/02/2019 - 02:45 by Debbie Cobb Senior Director, Product Management expand_less Back To Top Thu, 04/20/2023 - 11:20 Real-time payments have become popular worldwide, with volumes growing by double digits quarter over quarter for four straight years.

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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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Just 22% of finance professionals describe their organisation as data-driven

On Guard

At the same time, 24% report that being data-driven can help with efficiency Amsterdam, 20 April 2023 – Only 22% of finance professionals describe their organisation as data-driven, according to the FinTech Barometer, a survey conducted by Onguard on the financial status of Dutch companies for the sixth time this year. This involved surveying 311 CFOs, financial managers, and financial employees.

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Statement of CFPB Director Rohit Chopra on the Proposed Restoration of the Financial Stability Oversight Council’s Authority and Regulatory Credibility

Consumer Finance

Prepared remarks of CFPB Director Rohit Chopra on the proposed restoration of the FSOC’s authority to prevent shadow bank bailouts.

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