Tue.Nov 15, 2022

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Daily Digest – November 15. Creditor Facing Pair of Lawsuits for Allegedly Violating 7-in-7; State’s Tim Haag Talks About Change

Account Recovery

CREDITOR FACING PAIR OF LAWSUITS FOR VIOLATING REG F’S 7-IN-7 PROVISION A pair of lawsuits have been filed against a creditor, accusing it of violating the Rosenthal Fair Debt Collection Practices Act because the creditor allegedly violated the 7-in-7 call frequency restrictions of Regulation F in attempting to collect on an unpaid debt. The suits … The post Daily Digest – November 15.

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Credit Card Debt Is Making a Comeback

Nerd Wallet

Credit card debt took a nosedive in the early days of the pandemic in 2020 as consumers stayed home, lost work and received cash infusions from the government. Two years later, it’s back. Credit card debt increased 15% year over year — the largest one-year increase in more than two decades, according to the Federal. Anna Helhoski writes for NerdWallet.

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Creditor Facing Pair of Lawsuits for Violating Reg F’s 7-in-7 Provision

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. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more? Call … The post Creditor Facing Pair of Lawsuits for Violating Reg F’s 7-in-7 Provision appeared first on AccountsRecovery.net.

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Gemini Credit Card Adds 10% Crypto Rewards on Gas and EV Charging

Nerd Wallet

The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. The Gemini Mastercard just became more valuable for drivers looking to earn crypto rewards. Beginning on Nov. 15, 2022, Craig Joseph writes for NerdWallet.

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

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State’s Tim Haag Talks About Change, How to Stay Ahead of the Game

Account Recovery

Tim Haag has been around the accounts receivable management industry long enough to know that the one constant is change. It is always survival of the fittest and these days, companies that are not making investments in technology to optimize the collection process and try to offset challenges finding employees are not going to be … The post State’s Tim Haag Talks About Change, How to Stay Ahead of the Game appeared first on AccountsRecovery.net.

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City, County in Ohio Partner to Wipe out $200M in Medical Debt

Account Recovery

The city council of Toledo, Ohio and the commissioners of Lucas County, Ohio — where Toledo is located — are coming together to put $1.6 million toward purchasing unpaid medical debts of its residents, which could result in wiping out as much as $200 million in past-due medical bills. This believed to be the first … The post City, County in Ohio Partner to Wipe out $200M in Medical Debt first appeared on AccountsRecovery.net.

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CFPB Supervisory Examinations Find Credit Reporting Failures, Junk Fees, and Mishandling of COVID-19 Protections

Consumer Finance

Agency examiners find legal violations across consumer financial products and services.

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FTC Delays Safeguards Rule Compliance for 6 Months

Account Recovery

The Federal Trade Commission announced today that it is delaying the deadline to comply with proposed changes to its Safeguards Rule for six months, because there is a shortage of qualified personnel to implement the changes. The deadline to comply will now be June 6, 2023. The Safeguards Rule pertains to protections that companies must … The post FTC Delays Safeguards Rule Compliance for 6 Months first appeared on AccountsRecovery.net.

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5 Mistakes You’re Making With Medicare Open Enrollment

Nerd Wallet

Millions of retirees are in the thick of Medicare open enrollment, which runs from Oct. 15 to Dec. 7, but many find the process challenging. Some don’t understand the difference between Original Medicare and Medicare Advantage, many are overwhelmed by Medicare advertising, and only 4 in 10 people review their plan options each year, according. Kate Ashford, CSA® writes for NerdWallet.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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Judge Grants MSJ For Defendant in FDCPA Case After Plaintiff Claims to Lose Out on Promotion

Account Recovery

A District Court judge in New York has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case in which the plaintiff alleged — too little, too late it appears — that she lost out on a promotion because her employer learned that the defendant was attempting to collect on … The post Judge Grants MSJ For Defendant in FDCPA Case After Plaintiff Claims to Lose Out on Promotion appeared first on AccountsRecovery.net.

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Hotel Guide: Conrad Bora Bora Nui

Nerd Wallet

Going to Bora Bora seems like a pipe dream for many, but it’s possible to visit this island in the Pacific Ocean with the help of points and miles. For example, the Conrad Bora Bora Nui is a five-star Hilton property that is bookable with Hilton Honors rewards. Although the destination is popular among honeymooners, Anya Kartashova writes for NerdWallet.

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FTC Extends Deadline for Compliance With Safeguards Rule

Troutman Sanders

The deadline for complying with certain provisions of the Standards for Safeguarding Customer Information (Safeguards Rule) has been extended to June 9, 2023. As we previously posted , on January 10, the Federal Trade Commission’s (FTC) final rule amending the Safeguards Rule under the Gramm-Leach-Bliley Act became effective. The Safeguards Rule requires nonbanking financial institutions to develop, implement, and maintain a comprehensive information security program to keep their customers’ inf

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The Guide to KLM Premium Comfort

Nerd Wallet

When planning a trip to Europe, KLM Royal Dutch Airlines is one of the major international airlines you might fly. While economy flights could save you money, the thought of cramming into a packed cabin for a long flight might have you wincing. Does KLM have premium economy tickets? It does, and a ticket in. Lee Huffman writes for NerdWallet. Email: travel@nerdwallet.com.

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Agent Tooling: Connecting AI to Your Tools, Systems & Data

Speaker: Alex Salazar, CEO & Co-Founder @ Arcade | Nate Barbettini, Founding Engineer @ Arcade | Tony Karrer, Founder & CTO @ Aggregage

There’s a lot of noise surrounding the ability of AI agents to connect to your tools, systems and data. But building an AI application into a reliable, secure workflow agent isn’t as simple as plugging in an API. As an engineering leader, it can be challenging to make sense of this evolving landscape, but agent tooling provides such high value that it’s critical we figure out how to move forward.

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The OCC’s “Laser Focus” on Fair Lending

Troutman Sanders

On November 14, Office of the Comptroller of the Currency (OCC) Senior Deputy Comptroller for Bank Supervision Policy Grovetta Gardineer delivered keynote remarks at the 2022 CRA & Fair Lending Colloquium where she discussed the OCC’s commitment to “elevating fairness” and ongoing efforts to ensure its regulated institutions comply with the federal fair lending laws.

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Most Banking Customers Use an App Despite Security Concerns

Nerd Wallet

If “go to the bank” isn’t on your list of errands these days, you’re not alone: A new NerdWallet survey finds that close to three-quarters of banking customers (72%) use a mobile banking app, and 41% use more than one. The survey of more than 2,000 U.S. adults — among whom 1,467 are mobile banking. Erin El Issa writes for NerdWallet. Email: erin@nerdwallet.com.

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Siron Financial Crime Solutions Are Moving from FICO to IMTF

Fico Collections

Home. Blog. FICO. Siron Financial Crime Solutions Are Moving from FICO to IMTF. FICO is transitioning its Siron ® compliance business to IMTF, a Swiss global leader in regulatory technology, and a partner in the Siron business for more than 20 years. FICO Admin. Tue, 07/02/2019 - 02:45. by TJ Horan. expand_less Back To Top. Tue, 11/15/2022 - 11:25. As we announced today, FICO is transitioning its Siron® compliance business to IMTF , a Swiss global leader in regulatory technology, and a partner i

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New Lyft Perk Free for Chase Sapphire Reserve Cardholders

Nerd Wallet

A new rideshare benefit is coming to the Chase Sapphire Reserve®. Effective Nov. 15, 2022, cardholders will receive complimentary Lyft Pink All Access membership for two years and 50% off for their third year. This is the highest tier membership available from Lyft and retails for $199. In addition to earning 10 points per dollar. Craig Joseph writes for NerdWallet.

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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

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Next Best Actions / Next Best Offers – Four Pointers to Success

Fico Collections

Home. Blog. FICO. Next Best Actions / Next Best Offers – Four Pointers to Success. Next Best Actions / Next Best Offers balance the customer's interests and needs with your organization's business objectives, using mathematical optimization. FICO Admin. Tue, 07/02/2019 - 02:45. by Matt Cox. expand_less Back To Top. Tue, 11/15/2022 - 11:55. Right now, many banks and financial services firms are locked in a competitive arms race to deliver faster, smarter, suitably tailored experiences in a bid to

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The Best Star Alliance Program to Earn Miles

Nerd Wallet

If you’re collecting Star Alliance miles — either by flying on one of the 26 Star Alliance member airlines, using a co-branded credit card or transferring points — you might be wondering which program should be your focus. While which airline is best for you to earn your miles ultimately comes down to the redemption. Aaron Hurd writes for NerdWallet.

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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 November 11, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra delivered remarks before the FDIC Systemic Resolution Advisory Committee.

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How to Stay Safe When Using Mobile Banking Apps

Nerd Wallet

Americans embraced mobile banking as their main account access more than any other method from 2017 to 2021, according to the Federal Deposit Insurance Corp.’s 2021 report on unbanked and underbanked households. Even so, a new NerdWallet survey found that many people are hesitant to use mobile banking because of security concerns. More than 2. Andrew Marder writes for NerdWallet.

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Future-Proof Your Firm: Smarter Tech for Stronger Returns & Simpler Workflows

Speaker: Joe Wroblewski, Senior Sales Engineer

Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!

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Business use NFTs unknown territory for finance officers

On Guard

Only 12% of organisations have discussed the business use of NFTs. Amsterdam, 15 November 2022 – Only 40% of finance officers are familiar with the business use of non-fungible tokens (NFTs). This is shown from the research report from Visma | Onguard where 580 finance professionals, managers and entrepreneurs were surveyed. The same percentage (40%) had a good knowledge of what NFTs are and how they work prior to the survey.

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Eligible Capital One Credit Cards Now Earn 10% Back on Uber, Uber Eats (Limited Time)

Nerd Wallet

A suite of Capital One cards, already known for their elevated cash-back rates for foodies, just got more appetizing. Capital One has temporarily partnered with Uber to offer exclusive discounts on ridesharing and food delivery. Through Nov. 14, 2024, those who have the following cards can get unlimited 10% cash back on Uber and Uber. Jae Bratton writes for NerdWallet.

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Los Exámenes de Supervisión de la CFPB Encuentran Fallas en el Reporte del Crédito, Uso de Tarifas Inesperadas y Engañoso Manejo de las Protecciones por COVID-19

Consumer Finance

Los examinadores de la agencia encuentran violaciones a la ley en muchos productos y servicios financieros.

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What Are Dapps? How Decentralized Cryptocurrency Applications Work

Nerd Wallet

Decentralized applications, typically known as “dapps” or “dApps,” are cryptocurrency programs such as games and financial products that run on a blockchain network rather than a centralized server controlled by a single company. Dapps are a broad category in the world of cryptocurrency. The term could describe anything from a decentralized crypto exchange to a.

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How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?