Tue.Nov 09, 2021

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N.Y. Governor Signs Debt Collection Bill Into Law

Account Recovery

The Governor of New York yesterday signed a trio of consumer protection bills into law, including a debt collection bill called the Consumer Credit Fairness Act that lowers the statute of limitations, increases the amount of information needed when filing collection lawsuits, and institute specific requirements when seeking default judgments. The Consumer Credit Fairness Act … The post N.Y.

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What to Know About Bitcoin as It Approaches $70,000

Nerd Wallet

This article provides information for educational purposes. NerdWallet does not offer advisory or brokerage services, nor does it recommend specific investments, including stocks, securities or cryptocurrencies. Bitcoin is trading near all-time highs: The cryptocurrency crossed a record $68,000 this week before dropping slightly lower. It was the latest record high in what can now be considered.

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Judge Grants MTD in FCRA Case Over Charged Off Debt

Account Recovery

If an unpaid debt is charged off, should it be removed from an individual’s credit report? While a plaintiff believed it should, a District Court judge in Oregon thought differently, and has dismissed a Fair Credit Reporting Act case against a pair of defendants. A copy of the ruling in the case of Makela v. … The post Judge Grants MTD in FCRA Case Over Charged Off Debt appeared first on AccountsRecovery.net.

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Care About Your Credit Score? Get Strategic With Card Limits

Nerd Wallet

If you have credit cards in your wallet, you might track your balances to keep your budget in check, but knowing each card’s credit limit off the top of your head is another story. However, actively managing how much of your credit limits you are using — also known as your credit utilization ratio —. Amanda Barroso writes for NerdWallet. Email: abarroso@nerdwallet.com.

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

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.

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Daily Digest – November 9. N.Y. Governor Signs Collection Bill Into Law; Headache Not Enough For Plaintiff to Have Standing

Account Recovery

N.Y. GOVERNOR SIGNS DEBT COLLECTION BILL INTO LAW The Governor of New York yesterday signed a trio of consumer protection bills into law, including a debt collection bill called the Consumer Credit Fairness Act that lowers the statute of limitations, increases the amount of information needed when filing collection lawsuits, and institute specific requirements when … The post Daily Digest – November 9.

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Headache Not Enough For Plaintiff to Have Standing to Proceed with FDCPA Suit

Account Recovery

A District Court judge in Indiana has dismissed a Fair Debt Collection Practices Act case, ruling that headaches, sadness, fear, and anxiety are not enough for the plaintiff to have standing to sue in federal court. A copy of the ruling in the case of Edmonson v. Brennan & Clark can be accessed by clicking … The post Headache Not Enough For Plaintiff to Have Standing to Proceed with FDCPA Suit appeared first on AccountsRecovery.net.

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Watch Out for These Buy Now, Pay Later Traps

Nerd Wallet

If you haven’t yet been tempted at checkout to spread out payments on a purchase, you will be soon. The buy now, pay later industry is growing quickly, but it could be enticing shoppers into purchases they can’t afford. More than one-third of Americans (37%) have used a buy now, pay later service within the. Elizabeth Renter writes for NerdWallet. Email: elizabeth@nerdwallet.com.

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CFPB Seeks Comments on Inquiry into Tech ‘Giants’ Payment Platforms

Account Recovery

After announcing last month that it was going to investigate how big tech giants like Google and Apple use the payment information they collect from consumers, the Consumer Financial Protection Bureau has opened a comment period allowing anyone to submit their thoughts, opinions, and questions to inform the regulator’s inquiry. Comments on the proposed investigation … The post CFPB Seeks Comments on Inquiry into Tech ‘Giants’ Payment Platforms appeared first on AccountsRe

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Use of Buy Now, Pay Later Outpaces Personal Loans in Past Year

Nerd Wallet

Having access to credit, or the ability to pay for things when you don’t have the cash, is a cornerstone of financial health. Personal loans and credit cards are traditional means to cover such costs, but increasingly popular buy now, pay later options make such credit available to people who might not qualify for the. Elizabeth Renter writes for NerdWallet.

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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

Are you finding some snags in your collections process? With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.

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CFPB Takes Action to Prevent Avoidable Foreclosures

Consumer Finance

Today, the Consumer Financial Protection Bureau (CFPB), jointly with other government agencies, announced a return to enforcement of critical protections for families and homeowners.

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What Is the NEXUS Card and Why Is It Worth It?

Nerd Wallet

Did you know that Canada and the United States share the longest international border in the world? The two have 5,525 miles of shared border, plus over 100 land border crossings between them. However, traveling from one country to the other requires proof of citizenship and residency. This proof can be a passport, residency card. Kendra Collins writes for NerdWallet.

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Money Management Tips for Every Stage of the Business Lifecycle

PDC Flow

No matter where your organization falls in the business lifecycle, managing the financial health of your company will always be crucial for success. Even the biggest corporations in history have run into cash issues. It can happen to anyone. In fact, issues with cash flow are the leading cause of business failure. Luckily there are ways to improve. Being proactive is the most effective way to avoid any financial issues within your organization.

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A Quick Guide to Airlines With Free Baggage

Nerd Wallet

Airfare can be expensive, even if you book a sale fare or deal. Many airlines find ways to increase revenue by charging extra fees beyond the ticket price. Bag fees are one of those expenses that can add up quickly if you’re not careful. If you want to spend less on your next trip, you. Natasha Gabrielle writes for NerdWallet. Email: travel@nerdwallet.com.

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ERM Program Fundamentals for Success in the Banking Industry

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?

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Cadence: Better Law Firm Management Through Repetition

NCBA Law Practice Management Blog

Routine is so. ‘routine’? The notion of slipping into a routine has lots of negative connotations: it’s boring, it’s stultifying, it lacks creativity. Oftentimes, routine and ‘rut’ are used interchangeably. A routine is something to climb out of, not to get into. But, if you run a business, especially a law firm. a good routine may be all you need. Stagnation is a problem with law firms; but, that’s largely because they stick to a systemless model, that ends up being the antithesis of routine.

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“The Pandora Papers Could Happen Again”

Burr Forman

Beth Shirley was quoted in a Legaltech News article discussing law firm data leaks in light of the October release of the Panama Papers by the International Consortium of Investigative Journalists (ICIJ). The release included information derived from the disclosure of confidential client information held by law firms across the world, which highlights the importance of prioritizing cybersecurity and data privacy at law firms.

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“The Number You Have Dialed Has Changed Subscriber” or the Advent of the Reassigned Numbers Database

TCPA

After years of discussion and planning, the FCC’s Reassigned Numbers Database opened for commercial use on November 1, 2021.

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CSA Apprenticeship case study: Walsall Council Level 4 Regulatory Compliance Officer

CSA

Helena Baxter, Apprenticeship Programme Lead, Walsall Council. ?We have 400 apprentices across the Council and work with 60 different training providers, 14 of which deal with the majority of our apprenticeships. CSA is one of our ?niche providers? which are really important to us to ensure that, where specialist expertise is needed, it is built into the programme and delivery.

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You Put in a Full Work Week. Shouldn’t Your Collections Software Do the Same?

Discover a modern, cloud-based collection system that never takes a rest day. MeridianLink® Collect is an intuitive platform with advanced customization options developed to simplify the collections process. Here are four ways MeridianLink Collect can support your team: Omnichannel communications Compliance rules & checklists Workflows & queues One interface with supporting integrations And that’s just the start.

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Jack Gillis retiring after 38 years at Consumer Federation of America

Public Citizen

Consumer Federation of America has announced that long-time consumer advocate Jack Gillis is retiring in January. Here is the press release : After 38 years with the Consumer Federation of America, long-time consumer and auto safety advocate, Jack Gillis, will be retiring as CFA’s Executive Director in January 2022.  Gillis has been with CFA since 1983, serving as Director of Public Affairs and, since 2018, as Executive Director.  “Jack Gillis has been instrumental in successfully ma

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

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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House Passes $1.2 Trillion Infrastructure Bill

NACM

Congress passed the much-awaited infrastructure bill on Friday, which includes $550 billion in spending for new infrastructure and $110 billion for improvements to roads and bridges. Overall, the $1.2-trillion package is about $1.1 trillion less than President Joe Biden's March proposal, known as the American Jobs Plan.It also includes funds for tr.

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