Tue.Jun 21, 2022

article thumbnail

Groups Meet with FCC to Discuss How Blocked Calls Will be Coded

Account Recovery

Last week, representatives from a number of trade associations, including ACA International, held a meeting with individuals in the Consumer and Governmental Affairs Bureau of the Federal Communications Commission to lobby for the adoption of a special code that would provide companies with immediate notifications of calls that were blocked via analytics-based algorithms.

Trade 246
article thumbnail

Five Ways for Freelancers to Save Money

Enterprise Recovery

With the federal reserve raising interest rates for the first time in nearly 30 years, economists are expecting a slow down in business growth. They've been talking about a recession for a few years now but then we were hit with a pandemic that shook up everything from the supply chain to the location of the workforce. If you are growing a freelance business, you're likely concerned about what to do if your own business slows down.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Daily Digest – June 21. Complaint Accuses Collector of Texting Mother About Daughter’s Debt; Mediation Program Dropping Caseload in One Texas Court

Account Recovery

COMPLAINT ACCUSES COLLECTOR OF TEXTING MOTHER ABOUT DAUGHTER’S DEBT A collection agency is being sued for allegedly violating the Fair Debt Collection Practices Act because it sent a text message to the plaintiff’s mother — who also had an account placed with the defendant — with the daughter’s name after the mother made a payment … The post Daily Digest – June 21.

article thumbnail

CFPB Initiates Review of Credit Card Company Penalty Policies Costing Consumers $12 Billion Each Year

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) is taking the first step toward addressing credit card company penalty policies costing consumers $12 billion each year, starting by looking at excessive late fees. In an Advance Notice of Proposed Rulemaking published today, the CFPB asks for information on the Federal Reserve Board of Governors’ 2010 immunity provision for excessive late fees that allows credit card companies to escape enforcement scrutiny.

98
article thumbnail

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.

article thumbnail

Demo Day Presentations Offer Insights From Actual Customers

Account Recovery

References are an essential component to any screening process. Whether it’s considering someone for employment or looking at something to buy, we all use references. We call former employers, we read the reviews submitted by people who purchased the same items, we talk to friends about their experiences. Hearing about someone or something from somebody … The post Demo Day Presentations Offer Insights From Actual Customers appeared first on AccountsRecovery.net.

245
245

More Trending

article thumbnail

Mediation Program Drops Caseload for Judges in One Texas County, Wins Them Award

Account Recovery

A Texas County’s approach to handling an “exploded” number of debt collection cases as a result of the COVID-19 pandemic has improved resolution rates before cases get to a judge and netted the county an achievement award from the National Association of Counties, according to a published report. Justices of the Peace in Lubbock County, … The post Mediation Program Drops Caseload for Judges in One Texas County, Wins Them Award appeared first on AccountsRecovery.net.

article thumbnail

The Guide to Capital One Transfer Partners

Nerd Wallet

Unlike co-branded credit cards, transferable point currencies give cardholders the ability to convert their points to a number of different travel partners. Among the available options, Capital One has been doing its best to become competitive with other transferable point currencies by beefing up its partnerships. This shows, with more favorable transfer ratios and a.

87
article thumbnail

Complaint Accuses Agency of Texting Mother About Daughter’s Debt

Account Recovery

A collection agency is being sued for allegedly violating the Fair Debt Collection Practices Act because it sent a text message to the plaintiff’s mother — who also had an account placed with the defendant — with the daughter’s name after the mother made a payment on her own account. A copy of the complaint … The post Complaint Accuses Agency of Texting Mother About Daughter’s Debt appeared first on AccountsRecovery.net.

article thumbnail

HSAs and Medicare: What You Need to Know

Nerd Wallet

Health savings accounts, or HSAs, can be a useful savings tool for people with high-deductible health plans. But once you’ve enrolled in Medicare, you can no longer contribute to an HSA. This can get tricky, so it’s helpful to understand how it works. HSAs are tax-advantaged accounts that let you save and use pretax money. Kate Ashford writes for NerdWallet.

85
article thumbnail

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.

article thumbnail

International Business late payment rise predicted for Europe

UK debt collections

International Business late payment is expected to rise across Europe according to latest research. A survey conducted by Intrum AB of 11,000 European companies predicts that Businesses are expecting late payments to rise. The rise is expected due to rising inflation, fuel costs and interest rates. The 24th edition of the European Payment Report (EPR) clearly illustrates the multi-faceted challenges that businesses across Europe are facing. “ Europe is going through an eventful and challe

article thumbnail

Are SBA Loans Personally Guaranteed?

Nerd Wallet

A personal guarantee is a legal agreement between you and a lender that holds you personally responsible for your business’s debt in case of default. If your business can’t repay the loan, the lender can seize your personal assets to cover the debt and recoup its losses. Many lenders require a personal guarantee because it. Randa Kriss writes for NerdWallet.

Loans 78
article thumbnail

NY Department of Financial Services Releases Guidance for US Dollar-Backed Stablecoins

Troutman Sanders

On June 8, the New York State Department of Financial Services (NYDFS) issued new “ Guidance on the Issuance of U.S. Dollar-Backed Stablecoins ,” establishing a first-of-its-kind state standards for USD-backed stablecoins issued by entities subject to regulation by the NYDFS. Informal policies have been in place since 2018, but NYDFS Superintendent Adrienne A.

article thumbnail

Why Marriott Late Checkout Can Be Game-Changing for Some Trips

Nerd Wallet

Late checkout can really make a difference whether you have a late flight or just want to squeeze in another day of sightseeing before heading home. However, late checkout availability can be unpredictable. At many hotels, the decision is left up to the front desk. Even for top-tier elite status members of certain hotel loyalty. JT Genter writes for NerdWallet.

75
article thumbnail

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?

article thumbnail

City of Detroit Faces Lawsuits Over Adult-Use Recreational Licenses

Fraser

Following the Detroit City Council’s vote on the revised ordinance to allow adult-use recreational cannabis sales, multiple medical marijuana companies have filed suit against the city over the licensing program. JARS Cannabis and House of Dank, two companies that own medical marijuana dispensaries licensed in Detroit, are suing the City of Detroit over the revised ordinance claiming that the new law would signal the end for existing medical marijuana facilities already in the area.

Retail 59
article thumbnail

5 Things to Know About Chase Sapphire Reserve Lounge Access

Nerd Wallet

Chase Sapphire Reserve® is a premium rewards card for avid travelers. It comes with useful travel perks, such as a Global Entry, TSA PreCheck or Nexus enrollment fee credit, an auto rental collision damage waiver, as well as trip interruption and cancellation insurance. But what about Chase Sapphire Reserve® lounge access? There’s good news on. Anya Kartashova writes for NerdWallet.

74
article thumbnail

CFPB Director Chopra Announces New Approach to Regulations

Troutman Sanders

In a June 17 blog post , Consumer Financial Protection Bureau (CFPB or Bureau) Director Rohit Chopra announced that the CFPB intends to “move away from highly complicated rules” in favor of “simpler and clearer rules.” As part of this effort, the CFPB will be “dramatically increasing the amount of guidance it is providing to the marketplace” and that it aspires such guidance to be simple and straight forward.

Lawyers 52
article thumbnail

What Is the Best Southwest Credit Card Offer?

Nerd Wallet

If you “LUV” Southwest Airlines, it pays to have one of its credit cards to earn bonus points, accelerate elite status and enjoy other benefits. But, which card should you apply for? Which provides the best Southwest credit card offer? We’ll compare the personal Southwest credit card offers to help you choose which one is. Lee Huffman writes for NerdWallet.

74
article thumbnail

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.

article thumbnail

Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Like most industries today, Consumer Finance Services businesses continue to be significantly impacted by COVID-19. To help you keep abreast of relevant activities, below find a breakdown of some of the biggest legislative and regulatory events at the federal and state levels to impact the Consumer Finance Services industry this past week: Federal Activities.

article thumbnail

ASPCA Pet Insurance Review 2022

Nerd Wallet

Plans offered: Accident and illness, accident-only, wellness. Breadth of coverage: Excellent.Range of plan options: Good.Can pay your vet directly: No. The bottom line: Generous coverage and multiple plan options, including an accident-only policy. How we review pet insurance Our writers and editors follow strict editorial guidelines that ensure fairness and accuracy in order to help.

74
article thumbnail

House Introduces Bill for CFTC Spot Market Oversight

Troutman Sanders

On April 28, bipartisan lawmakers in the U.S. House of Representatives introduced legislation, allowing the Commodity Futures Trading Commission (CFTC) to oversee cryptocurrency spot markets. The legislation intends to create a framework to fill the regulatory gaps between the CFTC and Securities and Exchange Commission (SEC) digital asset marketplace and related regimes.

Trade 52
article thumbnail

Fine-Tune Your Music Festival Budget and Save

Nerd Wallet

Attendees of this year’s Coachella music festival have posted viral videos adding up their expenses from the weekend — with costs reaching the thousands for flights, hotels, food, drinks, outfits and rideshares. Plus the ticket, which can start around $400 for a three-day pass to a popular festival like Lollapalooza or Coachella. Summer music festivals.

74
article thumbnail

The Power of Storytelling in Risk Management

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.

article thumbnail

Osofsky & Thomas paper on the relationship between implicit bias and the home mortgage interest deduction

Public Citizen

Leigh Osofsky and Kathleen DeLaney Thomas, both of North Carolina, have written Implicit Legislative Bias: The Case of the Mortgage Interest Deduction, 56 UC Davis Law Review (2022). Here is the abstract: The home mortgage interest deduction is over 100 years old. The deduction has been subject to increasing and, at times, withering criticism from commentators.

45
article thumbnail

Want to Buy XRP (Ripple)? Here’s What to Know

Nerd Wallet

XRP and the blockchain it runs on, the XRP Ledger, are billed as a better way to send money across borders. While the traditional process can take days to complete, XRP international transactions can be settled in seconds. Investing in XRP could appeal both to financial institutions that make cross-border payments, as well as to. Taryn Phaneuf writes for NerdWallet.

article thumbnail

Prepared Remarks of Director Chopra on Credit Card Late Fees ANPR Press Call

Consumer Finance

CFPB Director Rohit Chopra's statement on credit card late Fees ANPR.

40
article thumbnail

What Is the Federal Reserve?

Nerd Wallet

If you follow the news about changes to savings or mortgage rates, you’ve probably heard of the Federal Reserve. It’s a powerful financial system, but as a banking consumer, you don’t interact with it directly. Here’s what you need to know. What is the Federal Reserve? The Federal Reserve System — also known as the. Spencer Tierney writes for NerdWallet.

Banks 73
article thumbnail

How to Attract Multiple Generations to Open New Accounts and Apply for Loans

The experiences of every generation are characterized by their behaviors involving finances. Understanding these attitudes and using them to inform marketing messages enables community banks, regional banks and credit unions to better serve their customers. This entertaining and informative eBook will help your financial institution uncover the best practices when it comes to appealing to mass audiences.