Tue.Aug 09, 2022

What are We Seeing in Consumer Credit Trends Today? A Video Interview with Ohad Samet

True Accord

The financial landscape for both consumers and businesses is particularly uncertain right now. Many new fintechs and neobanks are experiencing their first delinquency surge and others soon to follow.

Judge Grants MSJ for Defendant in FDCPA Case Over Pandemic Voicemail

Account Recovery

What Is a Reaffirmation Agreement in Bankruptcy?

Sawin & Shea

Bankruptcy can be an overwhelming and challenging process. On top of the stress and worry about your finances and what will happen to your property, there are countless proceedings and tons of paperwork to fill out. Understandably, this can make dealing with a bankruptcy seem impossible.

Appeals Court Affirms Ruling for Defendant in FCRA Case Over Disputed Debt

Account Recovery

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Successful Change Management with Enterprise Risk Management

Speaker: William Hord, Vice President of ERM Services

Join us as we discuss the various tangents of data and the change management process that will help you make better risk-based business decisions to save time and money for your organization.

Secure Payment Capture Technology Through PDCflow/PIMSWARE Partnership

PDC Flow

Ogden, UT – Payment communication software company PDCflow and call center software company PIMSWARE have teamed up to deliver secure capture payment technology.

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The Proposed New Corporate Minimum Tax

Fraser

Recently the Senate reached an agreement on the Inflation Reduction Act of 2022 (the “IRA”). At present, the IRA is only a draft bill and has not been passed by Congress nor signed by the President (although its eventual passage and enactment is anticipated).

Plaintiff Sues Collector Over Payment Method Requirement, Lack of Email Opt-Out

Account Recovery

EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit.

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CFPB Warns that Digital Marketing Providers Must Comply with Federal Consumer Finance Protections

Consumer Finance

Today, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule laying out when digital marketing providers for financial firms must comply with federal consumer financial protection law. Press release Financial service providers Access to credit Data

The Parallels Between Debt Collection and Another Maligned Profession

Account Recovery

How Preparation and Strategy Can Be Used to Fight and Defeat Any Ransomware Attack

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Through a detailed analysis of major attacks and their consequences, Karl Camilleri, Cloud Services Product Manager at phoenixNAP, will discuss the state of ransomware and future predictions, as well as provide best practices for attack prevention and recovery.

Can You Hold Cryptocurrency in a Roth IRA?

Nerd Wallet

Owning cryptocurrency directly in your Roth IRA is possible, but to do it, you’ll need to open an account with a niche platform that offers it as an option. The advantage of investing in a Roth IRA instead of a standard brokerage is the tax savings: You won’t pay capital gains taxes on the sale.

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CFPB Takes Action Against Hello Digit for Lying to Consumers About Its Automated Savings Algorithm

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) is taking action against Hello Digit, LLC, a financial technology company that used a faulty algorithm that caused overdrafts and overdraft penalties for customers.

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The Best Alaska Credit Card Offers

Nerd Wallet

The newest member of the Oneworld airline alliance, Seattle-based Alaska Airlines, has partnerships stretching all over the globe. And although it provides some pretty valuable airline miles, a lack of partnerships with flexible point currencies can make these somewhat difficult to earn.

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Will The Ocean Shipping Reform Act Of 2022 Reduce Debt Collection Disputes?

FFGN COLLECT NY

Delays in shipping and fees levied on American importers have led to severe delays and new challenges for businesses over the last few years. However, a new act from Congress may signal an end to the egregious shipping delays plaguing American businesses.

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Mandatory COVID Vaccination Policy Template

The federal government is developing a rule requiring employers with more than 100 employees ensure their workers are vaccinated or produce a negative COVID test weekly before entering the workplace. So, what can your organization do to prepare? Get Paycor’s COVID Vaccination Policy Template to help communicate important details to your employees.

Shield Your Finances From the Power of Summer Travel FOMO

Nerd Wallet

Views from a tower in Portugal, gondolas in Venice, beaches in the Bahamas — as you scroll through your social media feeds, it seems like everyone you’ve ever met is on a picturesque vacation this summer.

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How Does Validation of Debts Work?

Credit Management Company

Consumer debt ballooned to $15.31 trillion in the year after the COVID-19 pandemic began. This brought the total average debt balance to more than $96,000 and Generation Z’s average debt has jumped almost 30%.

American Airlines AAdvantage Dining: What You Need to Know

Nerd Wallet

The AAdvantage program offers dozens of ways to earn miles — in fact, we’ve tallied 36 ways to earn AAdvantage miles.

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Cal Chief Judge calls for stronger oversight of "private judging," after scandal involving JAMS

Public Citizen

The LA Times has the story here (might be behind a paywall). More on the scandal here

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Revamped REI Co-op Card: 5% Back at REI, 1.5% Elsewhere

Nerd Wallet

Outdoor retail giant REI Co-op has announced a revamped version of its store credit card for co-op members. The REI Co-op Mastercard, issued by Capital One, earns 5% back on REI purchases and donations made to the REI Cooperative Action Fund, plus 1.5% back on everything else.

Changes to the Community Reinvestment Act to Ensure Equity in Credit Access

Prosperity Now

The Office of the Comptroller of the Currency, the Federal Reserve Board, and the Federal Deposit Insurance Corporation recently announced

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How Much Does a Car Inspection Cost?

Nerd Wallet

Car inspections are not only part of maintaining a car — in some states, they’re required for car registration. But they can also pop up when you’re looking to purchase a used car. How much you’ll pay out-of-pocket for an inspection depends on the type you need, the state in which you live and the.

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Director Chopra’s Prepared Remarks at the 2022 National Association of Attorneys General Presidential Summit

Consumer Finance

Director Chopra delivered remarks on digital marketing and advertising at the 2022 NAAG Presidential Summit in Des Moines, IA. Director's statement Financial service providers Access to credit Data

A Guide to TSA PreCheck With Family

Nerd Wallet

Going through airport security as a family can be a major drag. Everyone has to remove their shoes, take electronics and liquids out of bags and wait in long lines. One way to reduce this hassle is by signing up for TSA PreCheck.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry this past week: Federal Activities. State Activities. Federal Activities: On August 7, the U.S.

Openly Home Insurance Review 2022

Nerd Wallet

Consumer complaints: Close to the expected number.Discounts: Very few discounts.Coverage options: More than average. Bottom line: Premium coverage for high-end homes. Openly insurance is a relatively new offering for homeowners.

Third Circuit Adopts “Reasonable Reader” Standard for Evaluating Whether a Credit Report Is Inaccurate or Misleading

Troutman Sanders

What standard should courts use to determine whether information contained in a consumer’s credit report is inaccurate or misleading?

Banking Groups Oppose CFPB’s Proposed Changes to Credit Card Late Fee Safe Harbor

Troutman Sanders

Bankers are gearing up to oppose an effort by the Consumer Financial Protection Bureau (CFPB or Bureau) to prevent an increase in allowable late charges for credit cards.

A Conversation with Third Party Payment Processors Association President Marsha Jones

Troutman Sanders

In this episode of The Crypto Exchange , Troutman Pepper attorneys Keith Barnett and Carlin McCrory welcome Marsha Jones from the Third Party Payment Processors Association to discuss a portion the ENABLERS Act, which proposes to update federal anti-money laundering laws to include payment processors within the definition of “financial institution.”

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