Account Recovery

APRIL 18, 2022

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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Fair Debt Collection Collections 246

Consumer Finance

APRIL 18, 2022

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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Banks 135

Account Recovery

APRIL 18, 2022

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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Fair Debt Collection Collections 246

Nerd Wallet

APRIL 18, 2022

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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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

APRIL 18, 2022

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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Fair Debt Collection Collections 246

Account Recovery

APRIL 18, 2022

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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Collection Agencies Collections Agency Collections Government 244

Nerd Wallet

APRIL 18, 2022

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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Lender 82

Account Recovery

APRIL 18, 2022

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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Nerd Wallet

APRIL 18, 2022

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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Collections

Troutman Sanders

APRIL 18, 2022

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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Banks Financial Institution Trade Government 52

Nerd Wallet

APRIL 18, 2022

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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Troutman Sanders

APRIL 18, 2022

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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Financial services Student loans Student Loans Loans 52

Public Citizen

APRIL 18, 2022

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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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

Troutman Sanders

APRIL 18, 2022

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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Student loans Student Loans Loans Financial Institution 52

Collection Industry News

APRIL 18, 2022

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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Debt collector Fair Debt Collection Trade Collections 40

Public Citizen

APRIL 18, 2022

Here. My latest guest essay.

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Collection Industry News

APRIL 18, 2022

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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Collections 40

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Collections

NACM

APRIL 18, 2022

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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Manufacturing 5

Collection Industry News

APRIL 18, 2022

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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Student loans Student Loans Loans Education 40

Collection Industry News

APRIL 18, 2022

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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Student loans Student Loans Bankruptcy Loans 40

Collection Industry News

APRIL 18, 2022

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.

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Student loans Student Loans Loans Education 40

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.

Collection Industry News

APRIL 18, 2022

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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Banks Financial Institution Collections Government 40