Mon.Jun 13, 2022

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Compliance Digest – June 13

Account Recovery

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.

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Essential Elements for a Child Tax Credit Rooted in Justice

Prosperity Now

Building back for justice means a future where all of us – no matter who we are or how much

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Report Calls for ‘Broad-Based’ Cancellation of Student Loans

Account Recovery

A report released by the National Consumer Law Center and the Center for Law and Social Policy (CLASP) calling for “broad-based” cancellation of student loans, extending the moratorium on making student loan payments, and “strengthening” repayment options, as a means of helping individuals with student loan debts while also closing the racial wealth gap.

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FCC Acts to Curb Foreign-Originated Illegal Robocalls, Imposes Several New Requirements on Gateway Providers

TCPA

Recently, on May 20, 2022, the Federal Communications Commission (“FCC”) issued a Report and Order (“Order”), as well as a Further Notice of Proposed Rulemaking (all available here), with a plain objective: to “take further steps to stem the tide … Continue reading →

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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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Daily Digest – June 13. Judge Grants MTD Over Assigned Claim; Appeals Court Rules Sending Texts Confers Consent

Account Recovery

JUDGE GRANTS MTD IN FDCPA CASE OVER ASSIGNED CLAIM A District Court judge in Oklahoma has dismissed another complaint filed by an individual attempting to claim that an alleged violation of the Fair Debt Collection Practices Act that occurred against someone had been assigned to the individual, ruling that tort claims — which include FDCPA … The post Daily Digest – June 13.

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Judge Grants MTD in FDCPA Case Over Assigned Claim

Account Recovery

A District Court judge in Oklahoma has dismissed another complaint filed by an individual attempting to claim that an alleged violation of the Fair Debt Collection Practices Act that occurred against someone had been assigned to the individual, ruling that tort claims — which include FDCPA violations — are not legally assignable. A copy of … The post Judge Grants MTD in FDCPA Case Over Assigned Claim appeared first on AccountsRecovery.net.

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The NerdWallet guide to finding the best car insurance rate

Nerd Wallet

Comparison shopping is crucial if you want to save money on car insurance. Here’s why: Insurers look at similar factors, but they have their own “secret sauce” when it comes to setting rates. So two companies can charge wildly different rates for the same driver. How to compare car insurance quotes First of all, every. Kayda Norman writes for NerdWallet.

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Appeals Court Rules Sending Text Messages Confers Consent to be Contacted

Account Recovery

The Court of Appeals for the Ninth Circuit has affirmed a lower court’s ruling that an individual’s text messages sent to a financial institution constitute providing expressed consent to be contacted on a mobile phone via an automated telephone dialing system under the Telephone Consumer Protection Act, but that the lower court abused its discretion … The post Appeals Court Rules Sending Text Messages Confers Consent to be Contacted appeared first on AccountsRecovery.net.

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What Does the S&P 500 Bear Market Mean for You?

Nerd Wallet

A bear market is defined by a broad market index falling by 20% or more from a recent high. And as of market close Monday, the S&P 500 index officially hit bear market territory. It’s down more than 21% year-to-date. So what does that mean for you? Bear markets can be stressful for investors of. Sam Taube writes for NerdWallet. Email: staube@nerdwallet.com.

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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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Digital Debt Recovery firm tasked with combating unpaid fuel bills

UK debt collections

A digital debt recovery firm has been flooded with claims for unpaid fuel following a sharp rise in numbers. Rising petrol prices have led to a sharp increase in people not paying for fuel at petrol stations for a variety of reasons. Petrol prices hit record highs last week with the price of filling the tank of the average family car surpassing £100.

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Smart Money Podcast: Recession Prep, and Lightning Questions

Nerd Wallet

The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a.

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Supreme Court Refuses to Consider the Constitutionality of the Equitable Mootness Doctrine

PBWT

The doctrine of equitable mootness is in the news again. The Supreme Court recently denied a cert. petition in a case where the petitioner wanted the doctrine ruled unconstitutional. KK-PB Financial LLC v. 160 Royal Palm LLC , Case No. 21-1197, 2021 WL 7247541 ( petition ), 2022 WL 1914118, (denying certiorari ). The petitioner argued that equitable mootness “lacks a statutory basis, lacks any support in Supreme Court jurisprudence, is unconstitutional and allows federal judges to abdicate

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How to Book Travel on Orbitz

Nerd Wallet

Orbitz is an online travel booking company that offers travelers both a website and an app to search and book flights, hotels, rental cars, cruises, packages and experiences. If you want to know how to book travel on Orbitz like a pro, here’s our guide for booking flights, hotels and rental cars with Orbitz. How. Josh Garber writes for NerdWallet. Email: travel@nerdwallet.com.

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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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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Like most industries today, Consumer Finance Services businesses continue to be significantly impacted by COVID-19. To help you keep abreast of relevant activities, below find a breakdown of some of the biggest legislative and regulatory events at the federal and state levels to impact the Consumer Finance Services industry this past week: Federal Activities.

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XRP Cryptocurrency and Ripple: Current Price and How it Works

Nerd Wallet

The cryptocurrency XRP, and the blockchain it runs on, the XRP Ledger, are designed to make global money transfers more efficient and less expensive. XRP is closely linked with Ripple — a crypto payments firm with the same founders and whose network uses XRP — but they are different entities. Understanding XRP XRP was created. Taryn Phaneuf writes for NerdWallet.

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IRS Announces Increase for 2022 Mileage Rates

Fraser

On June 9, 2022, the Internal Revenue Service announced that it has increased the 2022 mileage rates for the last six months of the year in response to high gasoline prices. The new mileage rate for business travel will be 62.5 cents per mile, up 4 cents from the rate that has been effective since the beginning of 2022. The new rate for deductible medical or moving expenses, which is available for active-duty members of the military, will be 22 cents, also up 4 cents from the effective rate at t

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How to Get a Hyatt Credit Card

Nerd Wallet

The World of Hyatt offers 1,100 hotels and resorts in 71 countries, ranging from the five-star Park Hyatt in New York to more affordable Hyatt Place locations. While it may not have the same reach as other larger hotel chains, Hyatt is known for how well it treats its World of Hyatt loyalty members. Whether. Carissa Rawson writes for NerdWallet. Email: articles@nerdwallet.com.

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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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How Do Debt Collection Companies Operate?

Taurus Collect

The debt collection process involves recovering debts from the borrower who has initially failed to repay or recover payments on accounts that are past their due date. When asked about “what collection agencies do?”, most people tend to think of a debt collector trying to contact debtors about some unresolved debts. However, people don’t realize that there are two distinct business models in the collection industry that conduct the collection of delinquent accounts in different ways.

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Do Alaska Miles Expire?

Nerd Wallet

Whether it’s taken you years or months to earn the miles you’ve accumulated, whether you fly weekly or rarely, the miles in your Alaska Airlines Mileage Plan account are precious and valuable. But if you haven’t taken off to any destinations recently, you may be starting to wonder how long those miles can languish unused. Alisha McDarris writes for NerdWallet.

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Prepared Remarks of CFPB Director Rohit Chopra in Great Falls, Montana on Relationship Banking and Customer Service

Consumer Finance

CFPB Director Rohit Chopra's statement on Relationship Banking and Customer Service.

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Singapore Airlines Opens New Lounge Complex at Singapore Changi Airport

Nerd Wallet

The next time you travel through Terminal 3 at Singapore Changi Airport with Singapore Airlines (or any Star Alliance member carrier), you’re in for a surprise. Singapore Airlines has opened a $36.5 million, four-lounge complex that is designed to match the ground experience to the superb in-flight standards for which the airline is known. Singapore.

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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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CFPB Says Using Complex Algorithms Is Not A Legal Defense For Discrimination

Collection Industry News

Source: site. The Consumer Financial Protection Bureau recently warned companies that, under federal anti-discrimination laws, they still owe consumers an explanation. of specific reasons for denying credit applications, even if they use complex algorithms to determine creditworthiness. The move is both a reminder of the agency’s continued focus on anti-discrimination enforcement as well as the enduring responsibility of companies using new technology in consumer interactions.

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Tropical Financial Credit Union Awards $10,000 in Scholarships to Local Students – Coral Springs Talk

Collection Industry News

Source: site. Three students, including one from Coral Springs, will have a little less financial stress heading into college thanks to a $10,000 in scholarships from Tropical Financial Credit Union. As the cost of everyday items continues to soar, the students will have fewer worries about their college tuition. This year, the credit union awarded three scholarships totaling $10,000: One grand prize of $5,000 and two $2,500 awards.

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Major cosmetics company Revlon set to file for bankruptcy amid heavy debt load

Collection Industry News

Source: site. Cosmetics giant Revlon Inc. is preparing to file for Chapter 11 bankruptcy as soon as next week as it battles supply chain problems and a heavy debt load, according to people with knowledge of the matter. Talks around the potential filing aren’t final and could change, said the people, who asked not to be named discussing private negotiations.

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Education Department Not Ready For Student Loan Forgiveness

Collection Industry News

Source: site. The U.S. Department of Education is not ready for student loan forgiveness — a top lawmaker says — and the results could be a disaster for student loan borrowers. . Here’s what you need to know — and what it means for your student loans. Student Loans. Are President Joe Biden and the U.S. Department of Education ready to enact wide-scale student loan forgiveness?

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How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?