Account Recovery

FEBRUARY 28, 2022

JUDGE REMANDS FDCPA CLASS ACTION BACK TO STATE COURT FOR LACK OF STANDING A District Court judge in New York has remanded a Fair Debt Collection Practices Act class-action lawsuit back to state court, ruling that the plaintiff did not suffer a concrete injury to keep the case in federal court. JUDGE GRANTS MOTION FOR … The post Daily Digest – February 28.

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Fair Debt Collection Collections 246

Nerd Wallet

FEBRUARY 28, 2022

Your home equity shouldn’t be the first line of defense when the roof falls in. But it can be a useful resource to seal a temporary financial gap, and most homeowners have a lot more wealth tied up in their property than they did a couple of years ago. In the third quarter of 2021, Barbara Marquand writes for NerdWallet. Email: bmarquand@nerdwallet.com.

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Consumer Finance

FEBRUARY 28, 2022

The Consumer Financial Protection Bureau (CFPB) today released a report highlighting the complicated and burdensome nature of the medical billing system in the United States.

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Nerd Wallet

FEBRUARY 28, 2022

Some couples mutually decide that they want to have a one-income household. But for others, the decision is made for them. The COVID-19 pandemic has left many in this situation, especially at its outset, when companies folded and jobs in hard-hit industries disappeared. And with schools and day cares closing so frequently, many couples may. Sara Rathner writes for NerdWallet.

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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.

Receivables Control

FEBRUARY 28, 2022

My clients tell me that they are adjusting processes to overcome pressure from staffing shortages and economic uncertainty. The last two years have been extremely challenging and the forecast for the next year appears to be no better. Supply chain issues, staffing shortages, inflation, domestic and foreign unrest are just some of the issues that plague our economy.

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Collections Credit Management Collection Agencies Collections Agency 98

Consumer Finance

FEBRUARY 28, 2022

Today, the CFPB released a report on medical billing and collection practices in our country. Medical bills are the most common debt in collections reported on our credit reports. Our own review suggests that roughly 43 million people had medical bills on their credit report, in June 2021, with the total outstanding amount around $88 billion.

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Collections 95

Nerd Wallet

FEBRUARY 28, 2022

Humanities majors are more than a punchline. Not everyone can or wants to be a STEM major, and the world would be a poorer place if they were. To have great things to read, music that inspires, perspectives that challenge us — to have a sense of reward and meaning in life — we must. Anna Helhoski writes for NerdWallet. Email: anna@nerdwallet.com. Twitter: @AnnaHelhoski.

Student loans 85

Student loans Student Loans Loans 85

Inside ARM

FEBRUARY 28, 2022

Big change - like complying with sweeping Regulation F requirements or adding new tech - brings new, risky gaps in your collections compliance procedures. To avoid surging lawsuit, regulatory, and revenue risk and find those gaps, creditors and agencies need the best tool for the job: a risk and gap assessment.

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Creditors Collections 75

Nerd Wallet

FEBRUARY 28, 2022

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion about what will and won’t lower your tax bill. Then we pivot to answer a number of listener questions about taxes. Check out this episode on any of these platforms: Apple Podcasts Spotify Our take. Liz Weston, CFP® writes for NerdWallet.

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Collections

Troutman Sanders

FEBRUARY 28, 2022

On February 23, the Consumer Financial Protection Bureau (CFPB) issued an outline of proposals and alternatives (Outline) under consideration related to an automated valuation model (AVM) rulemaking. Despite the lack of imminency on a final rule, the Outline serves as further proof that fair lending and its application to algorithmic systems is a top priority for the CFPB, as well as other regulators at both the federal and state levels.

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Credit Unions Credit Unions Financial services Financial Institution 52

Nerd Wallet

FEBRUARY 28, 2022

March mortgage rates forecast Mortgage rates are more likely to go up than go down in March. Blame the Federal Reserve. As for the Russian invasion of Ukraine, the effects are so unpredictable that I won’t begin to guess the implications for mortgage rates. War could impel investors toward buying safe investments like mortgage-backed securities, Holden Lewis writes for NerdWallet.

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Troutman Sanders

FEBRUARY 28, 2022

In late January, the Consumer Financial Protection Bureau (CFPB) released its 2022 “ List of Consumer Reporting Companies.” This list purports to give consumers “the details [they] need to take action” against companies that collect consumer information and prepare consumer reports. According to the CFPB’s accompanying press release , the list is intended to allow consumers to “exercise their right to see what information these firms have, dispute inaccuracies, and file lawsuits if the firms are

Legal Rights 52

Legal Rights Financial services Collection Companies Collections 52

Nerd Wallet

FEBRUARY 28, 2022

Mutual of Omaha is an insurance and financial services company. It offers Medicare Supplement Insurance, or Medigap, in 49 states and Washington, D.C. Unlike many Medigap insurers, Mutual of Omaha doesn’t sell Medicare Advantage or other health insurance plans. The company specializes in insurance meant to complement your main health insurance, such as Medicare Supplement.

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Financial services 81

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?

Banks

Troutman Sanders

FEBRUARY 28, 2022

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge.

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Financial services Trade Credit Unions Credit Unions 52

Nerd Wallet

FEBRUARY 28, 2022

Travel insurance is a smart way to protect the money you have invested in a big trip in case unforeseen hurdles stop you from traveling. Seemingly now more than ever, last-minute changes can disrupt a trip, and in some cases, the money spent on nonrefundable purchases is at risk. There are numerous travel insurance options. Ramsey Qubein writes for NerdWallet.

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Nerd Wallet

FEBRUARY 28, 2022

Do you have a stash of United MileagePlus miles and no immediate plans for travel? Spending your miles on something other than airfare may sound appealing, but while United offers the option to do so, you probably shouldn’t. Why? It can be a terrible use of miles, especially when doing so at United’s shopping portal. Carissa Rawson writes for NerdWallet.

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