Mon.Oct 24, 2022

article thumbnail

FTC Launches ANPR on ‘Junk’ Fee Crackdown

Account Recovery

The Federal Trade Commission has announced that it is “exploring” a rule to crack down on “junk” fees that it says are proliferating throughout the country, and one of the categories of fees could have applications in the accounts receivable management industry. In issuing the Advanced Notice of Proposed Rulemaking (ANPR), the FTC said it … The post FTC Launches ANPR on ‘Junk’ Fee Crackdown appeared first on AccountsRecovery.net.

article thumbnail

Fannie Mae and Freddie Mac Will Require the Use of FICO Score 10 T

Fico Collections

Home. Blog. FICO. Fannie Mae and Freddie Mac Will Require the Use of FICO Score 10 T. FICO?Score 10 T gives mortgage lenders the flexibility and predictive power to make more precise lending decisions. FICO Admin. Tue, 11/12/2019 - 19:52. by James Wehmann. expand_less Back To Top. Mon, 10/24/2022 - 21:05. The Federal Housing Finance Agency (FHFA) has announced that FICO® Score 10 T has been validated and approved for use by Fannie Mae and Freddie Mac (the Enterprises).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Appeals Court Temporarily Blocks Student Loan Debt Relief Plan as Biden Announces 22 Million Have Applied in First Week

Account Recovery

Nearly 22 million individuals applied for the federal government’s student loan forgiveness program in its first week of operation, President Biden said on Friday, the same day that the Court of Appeals for the Eighth Circuit temporarily stopped the program from going into effect, following a lawsuit that was filed by six states. The lawsuit … The post Appeals Court Temporarily Blocks Student Loan Debt Relief Plan as Biden Announces 22 Million Have Applied in First Week appeared firs

article thumbnail

How to Skip Security Lines at the Airport Without Paying

Nerd Wallet

Hate waiting in lines? So do we. Even if you’re not interested in signing up for expedited security programs such as TSA PreCheck or Clear, there’s still a way to skip the line. How? By making yourself a reservation for screening with the Transportation Security Administration. Let’s look at how to skip security lines at. Carissa Rawson writes for NerdWallet.

78
article thumbnail

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.

article thumbnail

Judge Grants MTD in FDCPA, FCRA Case Over Emails, Portal Access

Account Recovery

A District Court judge in Maryland has granted a defendant’s motion to dismiss after it was sued by a pro se plaintiff for violating a number of statutes, including the Fair Debt Collection Practices Act because, among other claims, the defendant was not allowed to use the last four digits of the plaintiff’s Social Security … The post Judge Grants MTD in FDCPA, FCRA Case Over Emails, Portal Access appeared first on AccountsRecovery.net.

More Trending

article thumbnail

Compliance Digest – October 24

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.

188
188
article thumbnail

How to Buy and Sell Crypto With Venmo

Nerd Wallet

Peer-to-peer money transfer app Venmo allows you to buy, sell and hold cryptocurrencies in its app. The feature launched in April 2021, following a similar move by its parent company PayPal. While it’s a convenient way to buy and sell crypto, especially in small amounts, it lacks the functionality other major crypto exchanges offer. For. Dalia Ramirez writes for NerdWallet.

69
article thumbnail

Daily Digest – October 24. Judge Grants MTD in FDCPA, FCRA Case Over Emails, Portal Access; Appeals Court Blocks Student Loan Debt Relief Plan

Account Recovery

JUDGE GRANTS MTD IN FDCPA, FCRA CASE OVER EMAILS, PORTAL ACCESS A District Court judge in Maryland has granted a defendant’s motion to dismiss after it was sued by a pro se plaintiff for violating a number of statutes, including the Fair Debt Collection Practices Act because, among other claims, the defendant was not allowed … The post Daily Digest – October 24.

article thumbnail

Shopping Experts Predict What’s in Store for Black Friday 2022

Nerd Wallet

Black Friday, the day after Thanksgiving, lands on Nov. 25 this year. While that’s still a ways off, holiday sales have already started. But they’ve only begun to scratch the surface. There’s still plenty of season — and chances to save money — left to go. Looking ahead to Black Friday, what can shoppers expect. Lauren Schwahn writes for NerdWallet.

71
article thumbnail

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.

article thumbnail

Bankruptcy Court Denies Chapter 15 Recognition to a Case in the Isle of Man

PBWT

A U.S. bankruptcy court recently denied chapter 15 recognition to a case in the Isle of Man (IOM). The court ruled that the foreign case was neither a foreign main proceeding nor a foreign non-main proceeding. Although the court found that the IOM proceeding was a “foreign proceeding,” it also held that the debtor’s center of main interests wasn’t in the IOM and the debtor didn't have an establishment there.

article thumbnail

Credit Card Rental Car Insurance May Not Cover Renting an Electric Car

Nerd Wallet

As car manufacturers ramp up production of electric vehicles, rental car companies like Hertz are joining the revolution. In 2021, the car rental company ordered 100,000 Tesla Model 3 vehicles for travelers who want to rent an electric car. Now that EV car rentals are a thing, it raises a question many haven’t considered before: JT Genter writes for NerdWallet.

article thumbnail

Washington Court Finds Illinois’ BIPA Does Not Apply Outside the State

Troutman Sanders

On October 17, a U.S. District Court for the Western District of Washington issued an order and judgment , ending two related putative class actions alleging tech companies violated Illinois’ Biometric Information Privacy Act (BIPA) by using datasets containing geometric scans of their faces without their permission. The court granted summary judgment in favor of the tech companies, holding that BIPA does not apply extraterritorially to conduct outside of Illinois, and the plaintiffs had not met

article thumbnail

How the Delta SkyMiles® Gold American Express Card’s Travel Insurance Works

Nerd Wallet

Whether you are traveling internationally or within the U.S., it is advantageous to have travel insurance if plans go awry. Many credit cards include some form of travel insurance to cover travel booked using the card. The Delta SkyMiles® Gold American Express Card has some protections, but not all travel insurance policies are created equal. Ramsey Qubein writes for NerdWallet.

57
article thumbnail

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?

article thumbnail

Director Chopra’s Prepared Remarks at Money 20/20

Consumer Finance

Prepared remarks of CFPB Director Chopra at the financial technologies conference Money 20/20.