Tue.Mar 07, 2023

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CFPB Uncovers Illegal Junk Fees on Bank Accounts, Mortgages, and Student and Auto Loans

Consumer Finance

Today, the Consumer Financial Protection Bureau (CFPB) released a special edition of its Supervisory Highlights that reports on unlawful junk fees uncovered in deposit accounts and in multiple loan servicing markets, including in mortgage, student, and payday lending.

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More Suits Alleging Undated MVN Violates FDCPA

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 More Suits Alleging Undated MVN Violates FDCPA first appeared on AccountsRecovery.net.

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Pandemic at 3 Years: How Our Financial Lives Have Changed

Nerd Wallet

Anna Helhoski writes for NerdWallet. Email: anna@nerdwallet.com. Twitter: @AnnaHelhoski. The article Pandemic at 3 Years: How Our Financial Lives Have Changed originally appeared on NerdWallet.

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Report Recommends 20% Reduction in Attorney’s Fees in FDCPA Case

Account Recovery

A Magistrate Court judge in New York has recommended a 20% drop in the attorney’s fees and costs to be paid by the defendant in a Fair Debt Collection Practices Act case that settled via arbitration proceedings, determining that the hourly fee sought by the plaintiff’s attorneys was more than what they had received in … The post Report Recommends 20% Reduction in Attorney’s Fees in FDCPA Case first appeared on AccountsRecovery.net.

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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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Start Building Credit Before You Turn 18

Credit Corp

Quick Answer: You need to be 18 to open your own credit card, but that doesn’t mean you have to wait until then to start building your credit. It’s never too early to start building credit. In fact, if you start building credit before you turn 18, you hit adulthood a step ahead of most people. With a positive credit history, you’re more likely to be approved for loans, credit cards or a lease on an apartment.

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Prices, Selection Improve for First-Time Home Buyers in Q4

Nerd Wallet

Elizabeth Renter writes for NerdWallet. Email: elizabeth@nerdwallet.com. Twitter: @elizabethrenter. The article Prices, Selection Improve for First-Time Home Buyers in Q4 originally appeared on NerdWallet.

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Bill Introduced in House to Require Cost-Benefit Analysis at CFPB

Account Recovery

Maybe this is the time where it finally makes it. For the second time, Rep. Alex Mooney [R-W.V.] has introduced a bill that require the Consumer Financial Protection Bureau to conduct a cost-benefit analysis prior to issuing any regulation as a means of trying to limit the CFPB’s “regulatory overreach,” the Congressman said. More information … The post Bill Introduced in House to Require Cost-Benefit Analysis at CFPB first appeared on AccountsRecovery.net.

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3 Common Banking Scams and How to Avoid Them

Nerd Wallet

Ruth Sarreal writes for NerdWallet. Email: rsarreal@nerdwallet.com. The article 3 Common Banking Scams and How to Avoid Them originally appeared on NerdWallet.

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Daily Digest – March 7. More Suits Alleging Undated MVN Violates FDCPA; FTC Extends Comment Period for Non-Compete Proposal

Account Recovery

MORE SUITS FILED ALLEGING UNDATED MVN VIOLATES FDCPA Maybe it’s a coincidence, maybe it’s not. But in the weeks following the ruling denying a motion to dismiss a Fair Debt Collection Practices Act lawsuit over the issue of not including a date on the Model Validation Notice, two more lawsuits have been filed in the … The post Daily Digest – March 7.

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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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The Guide to Singapore Airlines Business Class

Nerd Wallet

JT Genter writes for NerdWallet. Email: travel@nerdwallet.com. The article The Guide to Singapore Airlines Business Class originally appeared on NerdWallet.

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Questions to Ask a Chapter 7 Bankruptcy Lawyer Before Filing for Bankruptcy

Sawin & Shea

Are you wondering how to file bankruptcy Chapter 7? Or if filing for bankruptcy is right for you? We’re here to help. If you’re struggling with debt and considering bankruptcy, speaking with a bankruptcy lawyer can help you determine your best options and give you some clarity on how the process works. At Sawin & Shea, LLC, our Chapter 7 Bankruptcy lawyers have helped clients just like you in the Indianapolis and surrounding areas.

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The Guide to the Universal Studios Disability Pass

Nerd Wallet

Alisha McDarris writes for NerdWallet. Email: travel@nerdwallet.com. The article The Guide to the Universal Studios Disability Pass originally appeared on NerdWallet.

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Supreme Court to Hear Bankruptcy Case Focusing on Tribal Immunity

Troutman Sanders

The Lac du Flambeau Band of Lake Superior Chippewa Indians (Lac du Flambeau Band) found support from law professors specializing in federal Indian law as well as an assemblage of tribes and Native American groups in its bid before the U.S. Supreme Court to assert sovereign immunity from suit regarding alleged violations of the automatic stay. While they acknowledge that tribal immunity may be abrogated, they insist Congress must do so expressly and unequivocally.

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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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Don’t Miss These 3 Tax Credits When You File This Year

Nerd Wallet

Andy Rosen writes for NerdWallet. Email: arosen@nerdwallet.com. Twitter: @[link] The article Don’t Miss These 3 Tax Credits When You File This Year originally appeared on NerdWallet.

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Responsible AI: Are European Firms Ready for the Regulators?

Fico Collections

Home Blog FICO Responsible AI: Are European Firms Ready for the Regulators? As the EU works on an AI Act, FICO research suggests that banks are expanding their use of AI but not necessarily focused on responsible AI FICO Admin Thu, 12/19/2019 - 16:29 by Matt Cox VP and General Manager, EMEA expand_less Back To Top Tue, 03/07/2023 - 10:20 This year, governments and corporations are expected to spend more than $500 billion on AI globally.

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What Is Considered Low Income?

Nerd Wallet

Hal M. Bundrick, CFP® writes for NerdWallet. Email: hal@nerdwallet.com. Twitter: @halmbundrick. The article What Is Considered Low Income? originally appeared on NerdWallet.

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Mortgage demand from homebuyers drops to a 28-year low

Collection Industry News

Mortgage rates moved higher again last week, pushing buyers back to the sidelines just as the spring housing market is supposed to be heating up. Mortgage applications to purchase a home dropped 6% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 44% lower than the same week one year ago, and is now sitting at a 28-year low.

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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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What Is a Pour-Over Will and How Does It Work?

Nerd Wallet

Roberta Pescow writes for NerdWallet. Email: rpescow@nerdwallet.com. The article What Is a Pour-Over Will and How Does It Work? originally appeared on NerdWallet.

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TAMSEY - Untitled Article

TAMSEY

In today’s world, staying connected with loved ones, colleagues, and friends has never been easier. However, it can also be challenging to maintain those connections with the constant distractions of daily life. That’s why we’ve compiled a list of top tips to help you stay connected and strengthen your relationships. Schedule Regular Check-Ins: Set aside time to catch up with friends and family.

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What Is Genesis Financial, and Are Its Credit Cards Right for You?

Nerd Wallet

Jae Bratton writes for NerdWallet. Email: jbratton@nerdwallet.com. The article What Is Genesis Financial, and Are Its Credit Cards Right for You? originally appeared on NerdWallet.

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Fed Rate Hikes: When to Expect Results

NACM

Part of the Federal Reserve's responsibility is to keep the economy in good standing—prices that are not too high (boom) and not too low (bust). One tool the Fed has available to keep inflation in check is interest rates, but inflation today is more difficult for the Fed to control with interest rate hikes because there are other factors at play. S.

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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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Justice Department Sues to Block JetBlue, Spirit Merger

Nerd Wallet

Anna Helhoski writes for NerdWallet. Email: anna@nerdwallet.com. Twitter: @AnnaHelhoski. The article Justice Department Sues to Block JetBlue, Spirit Merger originally appeared on NerdWallet.

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For Real March Madness, Look to Wall Street’s Hell Weeks

Nerd Wallet

Steven Porrello writes for NerdWallet. Email: wpguestuser+sporrello@nerdwallet.com. The article For Real March Madness, Look to Wall Street’s Hell Weeks originally appeared on NerdWallet.

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