Thu.Mar 23, 2023

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Bipartisan Bill Introduced in Senate to Revamp Oversight of Fed, CFPB

Account Recovery

Politics makes strange bedfellows, the saying goes. There might not be a stranger pair than Sen. Elizabeth Warren [D-Mass.] and Sen. Rick Scott [R-Fla.], who have joined together to introduce a bill that would replace the Inspector General at the Federal Reserve with an independent Inspector General who would be responsible for overseeing the Fed … The post Bipartisan Bill Introduced in Senate to Revamp Oversight of Fed, CFPB first appeared on AccountsRecovery.net.

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What Is FedNow?

Nerd Wallet

Spencer Tierney writes for NerdWallet. Email: spencer.tierney@nerdwallet.com. Twitter: @SpencerNerd. The article What Is FedNow? originally appeared on NerdWallet.

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Pushing Back on Medical Bills Yields Results: Survey

Account Recovery

Most consumers don’t challenge medical bills they get from doctors and hospitals, according to the results of a recent poll. But of those who do challenge the bills, the majority of them are successful in getting the disputed charges removed or reduced. Nearly two-thirds of consumers have never challenged the validity or accuracy of a … The post Pushing Back on Medical Bills Yields Results: Survey first appeared on AccountsRecovery.net.

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5 Stocks That Could Benefit From the Fed’s Rate Decision

Nerd Wallet

Steven Porrello writes for NerdWallet. Email: wpguestuser+sporrello@nerdwallet.com. The article 5 Stocks That Could Benefit From the Fed’s Rate Decision originally appeared on NerdWallet.

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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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Daily Digest – March 23. Getting to Know Linda Dameron of Crown Asset Management; Judge Grants MTD in FDCPA Case

Account Recovery

GETTING TO KNOW LINDA DAMERON OF CROWN ASSET MANAGEMENT “Practice makes progress” isn’t just the best advice that Linda Dameron has ever received; it is the mantra that has helped propel her to four promotions in 12 years at Crown Asset Management. And she’s nowhere near being done yet. Then again, being outside of her … The post Daily Digest – March 23.

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Second Circuit Rules CFPB Funding Structure is Constitutional in Affirming CID Against Collection Law Firm

Account Recovery

The Court of Appeals for the Second Circuit today issued a ruling that upheld a lower court’s decision to grant a petition from the Consumer Financial Protection Bureau to enforce a Civil Investigative Demand against a collection law firm, determining in the process that the funding structure of the Bureau is constitutional. The ruling conflicts … The post Second Circuit Rules CFPB Funding Structure is Constitutional in Affirming CID Against Collection Law Firm first appeared on Acco

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Crypto Credit Cards, Once a White-Hot Trend, Have Started to Fizzle

Nerd Wallet

Jae Bratton writes for NerdWallet. Email: jbratton@nerdwallet.com. The article Crypto Credit Cards, Once a White-Hot Trend, Have Started to Fizzle originally appeared on NerdWallet.

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Getting to Know Linda Dameron of Crown Asset Management

Account Recovery

“Practice makes progress” isn’t just the best advice that Linda Dameron has ever received; it is the mantra that has helped propel her to four promotions in 12 years at Crown Asset Management. And she’s nowhere near being done yet. Then again, being outside of her comfort zone is where she thrives. Read on to … The post Getting to Know Linda Dameron of Crown Asset Management first appeared on AccountsRecovery.net.

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5 Semiconductor ETFs With the Highest Exposure to NVIDIA

Nerd Wallet

Steven Porrello writes for NerdWallet. Email: wpguestuser+sporrello@nerdwallet.com. The article 5 Semiconductor ETFs With the Highest Exposure to NVIDIA originally appeared on NerdWallet.

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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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Judge Grants MTD in FDCPA Case Over Collection Lawsuit Issues

Account Recovery

A District Court judge in Oregon has granted a defendant’s motion to dismiss after it was sued for violating the Fair Debt Collection Practices Act, ruling that the law’s statute of limitations precludes one of the plaintiff’s claims while the other — a “minor procedural misstep” as described by the judge did not meet the … The post Judge Grants MTD in FDCPA Case Over Collection Lawsuit Issues first appeared on AccountsRecovery.net.

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Bank Failures Show Us What Not to Do With Our Own Finances

Nerd Wallet

Hal M. Bundrick, CFP® writes for NerdWallet. Email: hal@nerdwallet.com. Twitter: @halmbundrick. The article Bank Failures Show Us What Not to Do With Our Own Finances originally appeared on NerdWallet.

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Five Things Smart People Do to Build Credit in Three Months

Credit Corp

Is your poor credit history preventing you from obtaining your financial goals, such as getting a credit card, buying a car, or purchasing a home? If so, there are steps you can take right now to improve your credit score in as little as three months. This article provides actionable steps you can take today to start on the path to rebuilding your credit.

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Royal Caribbean vs. Carnival: Which Is Right For You?

Nerd Wallet

Ramsey Qubein writes for NerdWallet. Email: travel@nerdwallet.com. The article Royal Caribbean vs. Carnival: Which Is Right For You? originally appeared on 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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How to Get Out of a Lease

Credit Corp

Under ideal circumstances, rental properties are safe, affordable, and comfortable to live in. Unfortunately, things don’t always go as planned. If you feel unsafe in your home, or if you get into financial difficulty and can’t afford the rent on your apartment, you might decide to move. Breaking a lease might feel like uncharted territory. How do you start?

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Costs Down, Wages Up: Can You ‘Work Your Way’ Through College?

Nerd Wallet

Elizabeth Renter writes for NerdWallet. Email: elizabeth@nerdwallet.com. Twitter: @elizabethrenter. The article Costs Down, Wages Up: Can You ‘Work Your Way’ Through College? originally appeared on NerdWallet.

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City Council owed over 7m in unpaid rent arrears

UK debt collections

Liverpool City Council is owed more than £7m in rent arrears despite receiving hundreds of thousands of pounds in the last 12 months. New information released ahead of the local authority’s strategic development and housing committee has detailed how much the city has failed to recoup from its tenants. A report by Mark Bourgeois, interim strategic director for city development, said the amount owed to Liverpool Council for rent had dropped by £840,000 but the authority’s coffers are still shor

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5 Things to Know About Zolve Credit Cards

Nerd Wallet

Melissa Lambarena writes for NerdWallet. Email: mlambarena@nerdwallet.com. Twitter: @LissaLambarena. The article 5 Things to Know About Zolve Credit Cards originally appeared on 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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Who Can Sign a Contract? Understanding Actual and Apparent Authority

FFGN COLLECT NY

You may hear a client claim that the person who requested the goods or services or, in some cases, who signed the contract, had no authority to do so. As a result, the client refuses to pay. Who can sign a contract and can a debtor refuse to pay on the grounds that the person who signed wasn’t authorized to do so? Although New York’s laws and rules have a laundry list of people who may accept service on behalf of a corporation, the law is silent as to who may actually bind a corporation.

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Please Bench Your Credit Cards for March Madness Bets

Nerd Wallet

Jaime Hanson writes for NerdWallet. Email: jhanson@nerdwallet.com. The article Please Bench Your Credit Cards for March Madness Bets originally appeared on NerdWallet.

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U.S. Court of Appeals Issues Important Ruling on Time Limits to Sue Under Fair Debt Collection Practices Act

Foster Swift

On March 1, 2023, the U.S. Sixth Circuit Court of Appeals issued a decision with important implications for parties involved in debt collections regulated under the Fair Debt Collection Practices Act (FDCPA) [1]. The decision, in Bouye v. Bruce [2] , examined the FDCPA’s one-year statute of limitations for claims of improper debt collection practices, finding that the one-year period of limitations applied to each discrete violation of the FDCPA claimed by the plaintiff.

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What Is Online Marketing? Strategy and Tips

Nerd Wallet

Lisa Anthony writes for NerdWallet. Email: lanthony@nerdwallet.com. The article What Is Online Marketing? Strategy and Tips originally appeared on NerdWallet.

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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.

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Chatterbox: Is ChatGPT Going to Take Your Job?

NCBA Law Practice Management Blog

Every lawyer I've spoken to in the last month or so, has been talking about ChatGPT , which has sort of captured the societal zeitgeist.  And, whenever the concepts of machine learning or artificial intelligence are brough t up – they’re two very different things, actually – attorneys always start asking: Is this new tech going to take my job? Well, if recent use cases respecting ChatGPT are any indication : the answer is a resounding ‘no ’.

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Power of Attorney in Texas: Guide and Requirements

Nerd Wallet

Ramona Paden writes for NerdWallet. Email: karyne+12@nerdwallet.com. The article Power of Attorney in Texas: Guide and Requirements originally appeared on NerdWallet.

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FTC Advances Negative Option Rulemaking Agenda, Eyeing Broader Regulation of Subscriptions and Automatic Renewals

Troutman Sanders

Today, the Federal Trade Commission (FTC) issued a Notice of Proposed Rulemaking with the stated intent to make it easier for consumers to cancel recurring subscriptions and memberships. This rulemaking is part of the FTC’s review of its Negative Option Rule. Amongst other things, the proposed rule would increase the coverage of the Negative Option Rule to include all forms of “negative option” marketing, require businesses to make it as easy to cancel a subscription as it was to sign up for it,

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How to Maintain Your Electric Car

Nerd Wallet

Kurt Woock writes for NerdWallet. Email: kwoock@nerdwallet.com. The article How to Maintain Your Electric Car originally appeared on NerdWallet.

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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.