Account Recovery
JANUARY 4, 2021
I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.
Consumer Finance
JANUARY 4, 2021
On January 5, 2021, the Consumer Financial Protection Bureau Taskforce on Federal Consumer Financial Law released a report with recommendations on how to improve consumer protection in the financial marketplace.
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Account Recovery
JANUARY 4, 2021
Now that the second round of stimulus checks have started to be distributed, the Attorney General of Virginia is touting a new law that went into effect in late October that will protect those funds from being garnished or seized as part of a judgment. The new law, H.B. 5068, was signed by Gov. Ralph … The post Virginia AG Offers Reminder of New Law Protecting Stimulus Funds From Garnishment appeared first on AccountsRecovery.net.
Credit Corp
JANUARY 4, 2021
The following is a guest post from The Savvy Couple. As much as we don’t like to admit it, money is a very important tool that can be used to better our lives. So why don’t we take better care of managing it? Luckily, there are some savvy money moves that you can make this year to improve your finances and feel more financial peace. This year can be a great one, and you can use your money to help make it happen.
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
JANUARY 4, 2021
Metacorp, LLC is helping protect children in our local communities this season by making a holiday donation to Stop Abuse. This nonprofit organization teaches children how to recognize child sexual abuse and feel empowered to speak up. Our family of receivable management professionals is committed to making a difference for children in crisis this year. … The post Metacorp, LLC Donates to Stop Abuse This Holiday Season appeared first on AccountsRecovery.net.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
JANUARY 4, 2021
A task force convened by the Consumer Financial Protection Bureau that was charged with “modernizing” consumer protection laws is due to release its report tomorrow, with as many as 100 different recommendations. The CFPB is hosting an online meeting tomorrow at 1pm ET to share the “findings, analyses, and recommendations” of the task force as … The post CFPB Task Force to Release Report Tomorrow appeared first on AccountsRecovery.net.
Nerd Wallet
JANUARY 4, 2021
Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode focuses on setting money goals for the new year. The pandemic scrambled many people’s financial plans, but it also changed some of our financial habits for the better. We discuss how to continue those habits and set new financial. Liz Weston writes for NerdWallet.
Account Recovery
JANUARY 4, 2021
CFPB TASK FORCE TO RELEASE REPORT TOMORROW A task force convened by the Consumer Financial Protection Bureau that was charged with “modernizing” consumer protection laws is due to release its report tomorrow, with as many as 100 different recommendations. WHAT ARE YOU MOST LOOKING FORWARD TO IN 2021? A year ago, if you had asked … The post Daily Digest – January 4.
Arbeit Software
JANUARY 4, 2021
We’ve gathered detailed information on the top five virtual & in-person debt collection conferences you’ll find most beneficial to attend in 2021. Based on our past event experiences and knowledge we’ve gained in 2020, we believe these events will help you gain a competitive advantage in the accounts receivable industry. Notice (3/13/2020) : Due to the novel coronavirus (COVID-19) outbreak, many recent events and conferences have been cancelled, changed or rescheduled for the safety of poten
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Nerd Wallet
JANUARY 4, 2021
Many elder millennials may have learned to manage money much like our parents did: waiting for statements to arrive in the mail, balancing checkbooks and paying in cash. But if you’re planning to impart the same lessons to your own children, ask yourself a few questions first. Is this still how you deal with your. Sara Rathner writes for NerdWallet.
Fico Collections
JANUARY 4, 2021
Let’s face it, 2020 didn’t turn out exactly the way any of us envisioned it. The pandemic turned most of our lives upside down. It caused devastating effects to our daily routines, our families, our schools and our economy. Within the collection industry in the United States, State and Federal Governments imposed significant constraints because of COVID.
Nerd Wallet
JANUARY 4, 2021
If L.L.Bean apparel is your style and the potential of earning “Bean Bucks” is appealing to you, then the L.L.Bean Mastercard may be of value to you. Issued by Citi, the $0-annual-fee card rewards you for shopping at L.L.Bean and even for some everyday spending. The card can offer solid savings for loyalists who don’t. Funto Omojola writes for NerdWallet.
Fraser
JANUARY 4, 2021
COVID-19 vaccines are here! The hardest hit individuals have been our front-line health care workers and loved ones in nursing homes and other congregate homes for the elderly and infirm. It is fitting that these two groups are the first among us to receive the vaccine. Consent Forms Will Be Required. Lansing, Detroit, and Grand Rapids nursing home administrators have confirmed that they will require a consent form before any resident receives the vaccine.
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?
Nerd Wallet
JANUARY 4, 2021
The Southwest Companion Pass — the key to buy-one-get-one airline tickets for you and a loved one — is the stuff of travelers’ dreams. And mine came true in early 2020, when I finally earned one of my own. Yet my travel aspirations were quickly dashed when COVID-19 took travel largely off the table in. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com.
Collection Industry News
JANUARY 4, 2021
(Reuters) – A federal judge in Washington, D.C., has invalidated part of a U.S. Consumer Financial Protection Bureau rule governing prepaid cards and digital wallets, emphatically agreeing with fintech giant PayPal that the agency overstepped its authority. In a decision studded with exclamation points, U.S. District Judge Richard Leon wrote that the agency’s rulemaking authority under Dodd–Frank Wall Street Reform and Consumer Protection Act did not allow it to dictate how prepaid c
Nerd Wallet
JANUARY 4, 2021
With 10.7 million Americans out of work as of November 2020 (and 3.9 million of those workers unemployed for 27 weeks or more), many have been forced into having tough money conversations as a result of the pandemic. Whenever your life changes significantly, it’s a good time to check back in on your financial plan, Sara Rathner writes for NerdWallet.
Collection Industry News
JANUARY 4, 2021
WASHINGTON, D.C. — The Consumer Financial Protection Bureau recently issued a compliance assistance sandbox (CAS) approval order to Synchrony regarding their proposal to develop a “dual-feature credit card.”. The card is designed for consumers with a limited or damaged credit history as a tool that can be used to establish or reestablish a favorable credit history.
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Nerd Wallet
JANUARY 4, 2021
In September, United became the first U.S. airline to launch a map search tool, which allows travelers to look for flights to multiple destinations based on criteria like what activities you’d like to do and how much you want to spend on your ticket. Here’s how to use the new United map search tool to. Alisha McDarris writes for NerdWallet. Email: travel@nerdwallet.com.
Collection Industry News
JANUARY 4, 2021
The New York State Legislature has adopted legislation ( S.9114 / A.11181 ) which extends the moratorium on residential evictions to more than one year from the initial Executive Order 202.8 in March of 2020, through May 1, 2021. The legislation, which was quickly signed by Gov. Andrew Cuomo, is being touted as “the strongest [legislation] in the nation to block eviction proceedings.
Nerd Wallet
JANUARY 4, 2021
Some travelers avoid hotel credit cards for chains like Marriott or Hilton because they’d prefer to earn more flexible rewards to use across a wide variety of properties. With the $0-annual-fee Hotels.com® Rewards Visa® Credit Card, you can redeem rewards at more than 500,000 properties. But does all that flexibility make the card worth getting? Keith M.
Collection Industry News
JANUARY 4, 2021
On December 22, 2020, the Consumer Financial Protection Bureau (CFPB) announced? that it had secured a consent order ? against a national student loan servicer based on its failure to comply with a 2015 consent order issued by the CFPB. Specifically, the company misrepresented the minimum periodic payments owed by consumers on their student loans, misrepresented the amount of annual interest paid by consumers, and engaged in unfair acts and practices by withdrawing payments from consumers’ a
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.
Nerd Wallet
JANUARY 4, 2021
Under the best of circumstances, getting small-business financing is no sure thing. In a 2019 survey, about 17% of small businesses said they were denied financing, according to the 2020 Federal Reserve Small Business Credit Survey. It can be even harder for underserved or less formal small-business owners to access capital. There may be fewer traditional financial.
Collection Industry News
JANUARY 4, 2021
Being in debt is bad news — and there’s not a lot of positive news about Americans’ debt balances. But, recent data from Northwestern Mutual did contain some very uplifting information. Specifically, the research showed that average debt has been declining and most people who owe money have a specific plan to become debt-free. Here’s what the data shows about how Americans’ borrowing habits have improved and how many are reducing their reliance on high-interest consumer debt.
Nerd Wallet
JANUARY 4, 2021
If you’re planning a long-distance move, it may not be practical — or possible — to drive to your new home. Car shipping is a convenient way to get your trusty car where it needs to go without having to sit behind the wheel. If you’re new to the world of car shipping, here are. Roberta Pescow writes for NerdWallet. Email: USexpansion@nerdwallet.com.
Consumer Finance
JANUARY 4, 2021
Director Kathy Kraninger's remarks on the release of the Taskforce on Federal Consumer Financial Law’s report and recommendations on improving consumer protection.
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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.
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