Mon.Apr 18, 2022

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Daily Digest – April 18. Judge Remands FDCPA Case Back to State Court; CFPB Releases Annual FDCPA Report

Account Recovery

JUDGE REMANDS FDCPA BASE BACK TO STATE COURT Standing, with respect to Fair Debt Collection Practices Act lawsuits these days, is not necessarily always a black-and-white situation. Whether a plaintiff suffered a concrete injury sufficient enough to have standing to sue in federal court is a moving target, but judges have generally indicated that in … The post Daily Digest – April 18.

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CFPB Releases Report on Financial Challenges Facing Rural Communities

Consumer Finance

Today the Consumer Financial Protection Bureau (CFPB) issued a report on the challenges faced by Americans in rural communities. The report highlights that many of these communities lack access to physical bank branches, are more likely to seek credit from nonbanks, and are heavily affected by medical bills.

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CFPB Releases Annual FDCPA Report

Account Recovery

The Consumer Financial Protection Bureau is calling on policymakers to examine whether the Fair Debt Collection Practices Act should be broadened to protect not just consumers but small businesses, according to its annual report on the FDCPA that it submitted to Congress last week. Small businesses can be just as vulnerable as consumers while “facing … The post CFPB Releases Annual FDCPA Report appeared first on AccountsRecovery.net.

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Delta Comfort Plus: What to Know Before You Book

Nerd Wallet

Atlanta-based Delta Air Lines is the second-largest airline in the world by number of flights. From basic economy to domestic first class and international business class, it offers all kinds of service to all kinds of travelers. Whether you need to fly domestically within the U.S. or cross an ocean for a farther destination, you. Anya Kartashova writes for NerdWallet.

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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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Judge Remands FDCPA Case Back to State Court

Account Recovery

Standing, with respect to Fair Debt Collection Practices Act lawsuits these days, is not necessarily always a black-and-white situation. Whether a plaintiff suffered a concrete injury sufficient enough to have standing to sue in federal court is a moving target, but judges have generally indicated that in order to have standing, a plaintiff needs to … The post Judge Remands FDCPA Case Back to State Court appeared first on AccountsRecovery.net.

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Processor With Ties to Collection Agencies Drops Challenge to Seized $400k

Account Recovery

A company accused of allegedly laundering money for debt collection firms has relinquished its claim to nearly $400,000 that was seized by government prosecutors who are seeking to crack down on fraud and illegal debt collection activities by companies in Western New York, according to a published report. The company, Market Street Debt Partners, admitted … The post Processor With Ties to Collection Agencies Drops Challenge to Seized $400k appeared first on AccountsRecovery.net.

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Smart Money Podcast: Save at Weddings, and Vet Mortgage Lenders

Nerd Wallet

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion about how to save money as a guest during the 2022 wedding season. Then we pivot to this week’s money question from Sarah, who sent us an email. Here it is: “Hi! I have a. Liz Weston, CFP® writes for NerdWallet. Email: lweston@nerdwallet.com.

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Compliance Digest – April 18

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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How to Get a Full Refund From Airbnb

Nerd Wallet

Airbnb is a homeshare giant that has revolutionized the way people travel, offering low-cost alternatives and more unique options than hotels can usually provide. However, changing travel plans can impact your Airbnb bookings, as can unforeseen issues with your lodging. In these cases, you may be wondering if it’s possible to recoup the money that. Carissa Rawson writes for NerdWallet.

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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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Study finds borrower race does not affect appraiser valuation

Public Citizen

Brent W. Ambrose of Pennsylvania State, James Conklin of Georgia, N. Edward Coulson of California, Irvine - Paul Merage School of Business, Moussa Diop of USC, and Luis A. Lopez of the University of Illinois at Chicago have written Does Appraiser and Borrower Race Affect Valuation? Here's the abstract: Following concerns about undervaluation of minority-owned homes, we examine the incidence of racial appraisal bias using a nationwide sample of refinanced mortgages from 2000 to 2007.

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Hilton Garden Inn vs. Hampton Inn: Which Fits Your Next Trip?

Nerd Wallet

With properties around the world, Hilton Garden Inn and Hampton by Hilton are two of Hilton’s biggest brands. While they are not in Hilton’s luxury portfolio of brands, they deliver value and comfort for guests looking to be cautious about their travel spend. Here’s a rundown of what you can expect with Hilton Garden Inn. Ramsey Qubein writes for NerdWallet.

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Newsday essay calls for amending NY's UDAP law to give NY consumers the protections many red state consumers have

Public Citizen

Here. My latest guest essay.

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FTC Action Results In $4.86 Million In Refunds To Victims Of Abusive Debt Collectors

Collection Industry News

Source- site. Annual report reveals scope of abuse in debt collection industry. The Federal Trade Commission (FTC) issued its annual report on enforcement of the Fair Debt Collections Practices Act (FDCPA) today and revealed that its enforcement actions resulted in millions of dollars of refunds to consumers who were victims of abusive debt collectors.

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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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President Biden Issues Guidance Requiring U.S. Content in Fed Funded Projects

NACM

The Biden Administration issued guidelines Monday for the materials to be used on projects funded through the infrastructure passed in November. As of May 14, federally funded projects must use materials manufactured in the United States, including iron and steel. Component costs for a final product must be greater than 55% of the total cost.Howeve.

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Feds say Virginia towing company illegally sold service members’ cars

Collection Industry News

Source- site. NORFOLK, Va. — Federal prosecutors have filed a lawsuit accusing a Virginia company of illegally taking and selling service members’ vehicles. The lawsuit filed Friday accuses Steve’s Towing of Virginia Beach of illegally seizing and selling vehicles belonging to seven service members, including a SEAL Team member while he was deployed overseas.

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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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$1.7 billion in student debt canceled for 66,000 borrowers in Navient settlement

Collection Industry News

Source- site. In January, 39 state attorney general offices announced that one of the nation’s largest student loan servicers would resolve allegations of widespread unfair, deceptive and abusive practices. Lawsuits claimed that Navient improperly drove some federal student loan borrowers into forbearance instead of federal student loan relief programs.

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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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CFPB Highlights Default Risk Factors for Student Loans

Troutman Sanders

On April 14, the Consumer Financial Protection Bureau (CFPB or Bureau) published a report titled Student Loan Borrowers Potentially At-Risk when Payment Suspension Ends. The publication uses data from the CFPB’s Consumer Credit Panel to identify which types of borrowers may struggle to make their scheduled loan payments based on five potential risk factors: Pre-pandemic delinquencies on student loans.

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CFPB Releases Blog Post on the Dischargeability of Private Student Loans in Bankruptcy

Collection Industry News

Source- site. On April 12, the Consumer Financial Protection Bureau (CFPB) released a blog post titled “ Busting myths about bankruptcy and private student loans.” In the blog post, the CFPB argues that certain private education loans can be discharged in bankruptcy. Specifically, the CFPB argues that the following private student loans can be discharged without a showing of undue hardship and an adversary proceeding: Loans where the loan amount was higher than the cost of attendance (such as tu

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Digital Asset Federal Legislation and Regulatory Developments: Wrap Up of First Quarter 2022

Troutman Sanders

Several recent releases of draft legislation, reports, and speeches highlight the federal government’s efforts in the first quarter of 2022 to address the rapidly developing digital asset marketplace and its regulatory landscape. Congressional Legislative Activity. On February 15, Representative Warren Davidson (R-OH) introduced the “ Keep Your Coins Act ,” which is intended “[t]o prohibit Federal agencies from restricting the use of convertible virtual currency by a person to purchase goods or

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Biden picks Barr as Fed bank czar

Collection Industry News

Source- site. QUICK FIX. It’s Barr — As MM foreshadowed earlier this week , former Treasury official Michael Barr is the pick for Federal Reserve vice chair for supervision, a surprisingly fast turnaround after Sarah Bloom Raskin withdrew her nomination for the same position just last month. President Joe Biden announced Barr’s selection in a statement this morning.

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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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Democrats face pressure from left, center on student loans

Collection Industry News

Source: site. The question about what to do with an estimated $1.6 trillion in student loan debt is a growing headache for Democrats at a time when families are struggling with higher costs but centrist Democrats led by Sen. Joe Manchin (D-W.Va.) don’t want to further fuel inflation. President Biden is stuck in the middle. Progressives on his left, such as Senate Majority Leader Charles Schumer (D-N.Y.) and Sen.