Account Recovery

AUGUST 5, 2022

Goldman Sachs, which launched a credit card business in partnership with Apple, announced yesterday that it is being investigated by the Consumer Financial Protection Bureau for how it handles customer refunds and billing disputes, and how it furnishes information to the credit bureaus. Goldman, which is making a big push into the credit card lending … The post Goldman Discloses CFPB Looking Into its Credit Card Operation appeared first on AccountsRecovery.net.

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Enterprise Recovery

AUGUST 5, 2022

Being a leader in a tough economy means staying positive, no matter what. Inspiration can be hard to come by, but it's necessary to motivate those around you. Allow these quotes to encourage you to push past the tough times and create a wave of possibility. Here are 10 of the Best B2B Leadership Quotes to keep you motivated.

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Account Recovery

AUGUST 5, 2022

A District Court judge in Washington has partially granted a plaintiff’s motion for summary judgment, ruling that the defendant’s attempts to collect an unpaid apartment debt that was inflated because the creditor determined that the plaintiff had forfeited her security deposit violated certain provisions of the Fair Debt Collection Practices Act.

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Troutman Sanders

AUGUST 5, 2022

Escalating efforts to crack down on illegal robocalls, state attorneys general announced on August 2 that they have established a nationwide Anti-Robocall Litigation Task Force. The task force comprises attorneys general from all 50 states and will investigate and prosecute companies suspected of allowing or using illegal robocalls from foreign entities.

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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.

Account Recovery

AUGUST 5, 2022

FDCPA CLASS ACTION FILED OVER ALLEGED INTEREST DISCREPANCY IN MVN A class-action lawsuit has been filed in federal court in New York accusing a collector of violating Regulation F and the Fair Debt Collection Practices Act because the itemization of the debt in the Model Validation Notice did not match an itemization of the debt … The post Daily Digest – August 5.

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Account Recovery

AUGUST 5, 2022

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 FDCPA Class Action Filed Over Alleged Interest Discrepancy in MVN appeared first on AccountsRecovery.net.

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Nerd Wallet

AUGUST 5, 2022

“This is so weird,” a passenger kept repeating to himself as an American Airlines agent walked us out to our bus. And indeed, it is weird. It’s not typical to board an American Airlines bus for your “flight” to Philadelphia. But, if things go smoothly, taking an American Airlines bus might become a lot more. JT Genter writes for NerdWallet. Email: travel@nerdwallet.com.

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Account Recovery

AUGUST 5, 2022

The Minnesota Department of Commerce has assessed $20,000 in fines to a collection agency that was accused of continuing to violate an earlier consent order in which the agency allegedly violated the Fair Debt Collection Practices Act and state law in Minnesota. A copy of the consent order with Direct Recovery Services can be accessed … The post Agency Fined $20k for Violating Earlier Consent Order appeared first on AccountsRecovery.net.

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Nerd Wallet

AUGUST 5, 2022

The most important thing to find out when you’re shopping for Medicare Part D prescription drug coverage is whether a plan covers your medications. You’ll find the answer in the formulary, its list of covered drugs. Each Medicare Part D plan and Medicare Advantage plan with prescription drug coverage has its own formulary. You can. Alex Rosenberg writes for NerdWallet.

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Collections

Troutman Sanders

AUGUST 5, 2022

On August 4, Consumer Financial Protection Bureau (CFPB or Bureau) Director Rohit Chopra spoke at the Philadelphia Federal Reserve Bank’s Sixth Annual Fintech Conference , arguing that enforcement actions rather than financial literacy efforts were necessary to prevent consumer abuse. Chopra said that while there is value in educating consumers to spot risks and find trustworthy advice, financial products are inherently challenging to understand.

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Nerd Wallet

AUGUST 5, 2022

Matic is the digital token used on Polygon, a protocol built on Ethereum. The organization behind it claims it can process transactions about 467 times faster than Ethereum at a fraction of the cost and that about 2.7 million people use it every month. As of Aug. 1, 2022, Matic was the 13th largest cryptocurrency, Kurt Woock writes for NerdWallet. Email: kwoock@nerdwallet.com.

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TCPA

AUGUST 5, 2022

The District of Connecticut recently dismissed a TCPA action against the Subway Franchisee Advertising Fund Trust (“Subway”) because plaintiff failed to allege that Subway used an ATDS to send text messages to her cell phone. Soliman v.

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Nerd Wallet

AUGUST 5, 2022

Traveling with friends and family can enhance your experience at any destination. You’ll have someone to share meals with, take pictures with and discuss ideas and questions about a particular place. But traveling alone has lots of its own advantages. You can customize your own trip, discover more about yourself and have time to ponder. Ramsey Qubein writes for NerdWallet.

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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

Price Meese

AUGUST 5, 2022

Rules of the Road: Siting of Small Wireless Facilities in the Public Rights-of-Way. Two recently decided cases shed light on FCC regulations and provide a summary of the new rules of the road in this area of law. By Gregory D. Meese and Edward W. Purcell. Ever since the erection of the first cell towers in the 1980s, the public has asked the wireless industry why antennas could not be placed on utility poles, rather than the taller, more obtrusive monopoles.

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Nerd Wallet

AUGUST 5, 2022

When choosing between the PayPal Cashback Mastercard® and the Apple Card, your go-to payment method and preference for convenience should heavily factor into the decision. The cards share similar features and redemption options, and both run on the Mastercard payment network, meaning they’ll be accepted almost anywhere. But the PayPal Cashback Mastercard® has the edge.

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UK debt collections

AUGUST 5, 2022

Businesses are being urged to take action to collect unpaid invoices as a new UK recession in on the horizon. The latest setback fro the UK economy has been touted as the “final straw” for thousands of small businesses across the country. Rises in the late payment of invoices is stirring up a potential t idal wave of Small Business insolvencies.

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Public Citizen

AUGUST 5, 2022

Matthew A. Bruckner of Howard and CJ Ryan of Louisville and the American Bar Foundation have written The Magic of Fintech? Insights for a Regulatory Agenda from Analyzing Student Loan Complaints Filed with the CFPB, Dickinson Law Review, Forthcoming 2022. Here's the abstract: This paper looks at consumer complaints about student loan lenders and servicers from the Consumer Financial Protection Bureau’s (CFPB’s) consumer complaint database.

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Collections

NACM

AUGUST 5, 2022

Stop what you're doing (or keep doing what you're doing) and listen to the first Extra Credit #podcast episode of August!This week's episode covers two important topics--a circuit court decision regarding the new value defense AND an update on sanctions against Russia.? Hear from our expert guests, Bruce S. Nathan; Mike Papandrea; and Lizbeth Rodri.

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Fraser

AUGUST 5, 2022

August 2 Michigan Primary Election Results. The outcome of the August 2 Republican primary for Governor saw candidate Tudor Dixon prevail. In the November general election, she will face incumbent Governor Gretchen Whitmer who ran unopposed. In the newly drawn 3 rd congressional district, Republican John Gibbs defeated incumbent Peter Meijer. Why it Matters : As November and the general election gets closer, stay tuned for more insights as Fraser Trebilcock’s election law team will be clos

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