Tue.Apr 26, 2022

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Mich. Appeals Court Upholds Ruling on Post-Judgment Interest Case

Account Recovery

The Michigan Court of Appeals has upheld the dismissal of a post-judgment interest class-action on the grounds that state law in Michigan that precludes “actions” based on claimed violations of statutes that permitted recovery of statutory damages in lieu of actual damages means the plaintiff lacks standing to sue. A copy of the ruling in … The post Mich.

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CFPB Makes Move to Widen Supervisory Scope

Troutman Sanders

On April 25, the Consumer Financial Protection Bureau (CFPB or Bureau) announced that it would begin invoking a provision in Dodd-Frank, previously used only infrequently, to conduct supervisory examinations over a greater number of nonbank financial companies that may “pose risks to consumers.”. Under Dodd-Frank, the CFPB has authority to examine three categories of nonbank entities: Nonbank entities that offer or originate mortgages, private student loans, and payday loans, regardless of the n

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Daily Digest – April 26. Mich. Appeals Court Upholds Ruling on Post-Judgment Interest Case; CFPB to Regulate ‘Risky’ Nonbanks

Account Recovery

MICH. APPEALS COURT UPHOLDS RULING ON POST-JUDGMENT INTEREST CASE The Michigan Court of Appeals has upheld the dismissal of a post-judgment interest class-action on the grounds that state law in Michigan that precludes “actions” based on claimed violations of statutes that permitted recovery of statutory damages in lieu of actual damages means the plaintiff lacks … The post Daily Digest – April 26.

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Exchange Rate Explained

Nerd Wallet

What is an exchange rate? An exchange rate tells you how much one unit of currency is worth compared to a different form of currency. These rates determine the price for exchanging one currency for another. Many people use exchange rates when they travel abroad and need to convert the cash in their wallets for. Benjamin Din writes for NerdWallet. Email: bdin@nerdwallet.com.

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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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Rep. McHenry to seek Chair of Financial Services Committee if Republicans Take Back House

Account Recovery

With the midterm elections little more than six months away, the jockeying for positions has already begun among Republicans, who are expecting to regain control of the House of Representatives. One important Republican to companies in the accounts receivable management industry — Rep. Patrick McHenry [R-N.C.] — yesterday said he plans to seek to be … The post Rep.

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CFPB Revives ‘Dormant’ Rule to Regulate ‘Risky’ Nonbanks

Account Recovery

The Consumer Financial Protection Bureau has issued a procedural rule to expand its supervision over nonbank entities that the regulator “has reasonable cause to determine pose risks to consumers” and is seeking comment on reviving the rule, which has been “dormant” and unused for a number of years. Initially invoked back in 2013, the rule … The post CFPB Revives ‘Dormant’ Rule to Regulate ‘Risky’ Nonbanks appeared first on AccountsRecovery.n

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Crypto May Be Coming to Your 401(k) — Here’s What to Know Now

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. Fidelity Investments announced Tuesday that it will offer 401(k) investors access to Bitcoin as an investment choice in their.

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Prepared Statement of Director Rohit Chopra before the House Committee on Financial Services

Consumer Finance

Director Rohit Chopra's opening statement before before the House Committee on Financial Services.

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5 Signs You Need a New Business Bank

Nerd Wallet

Small-business owners tend to stand by their bank. For some, that allegiance is due to loyalty: 40% of business owners say their bank appreciates their business, and 30% feel they are treated better than the average customer, according to J.D. Power’s 2021 U.S. Small Business Banking Satisfaction Study. In other cases, it’s due to inertia. Kelsey Sheehy 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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Poor Affordability Analytics Create a Disconnect for Telcos

Fico Collections

UK Telco regulator Ofcom continues to push operators to ensure they are treating customers fairly with affordable access to phone, broadband, digital and pay TV services. Indeed, today comms providers’ corporate strategies boast deep, trusted customer relationships and are include ever more services to upsell, cross-sell and boost the average revenue per user/unit, while reducing churn.

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American Airlines Flagship First Class Guide

Nerd Wallet

If you’re planning to fly with American Airlines on a long-haul journey, you may want to consider booking an American Airlines Flagship First class ticket. This premium travel experience is available on longer transcontinental flights and many international flights. Here’s what you can expect as an American Airlines Flagship First passenger. What is American Airlines.

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“Under the Hot Rod Hood”: Dr. Scott Zoldi’s AI Series on LinkedIn Live

Fico Collections

Dr. Scott Zoldi, FICO’s chief analytics officer, scored a pandemic hit with his LinkedIn streamcast series, “ Expect the Unexpected: AI and Bias, the Boardroom, Blockchain and Business.” Season 2 “ Under the Hot Rod Hood: The Data Science of AI ” kicked off on April 20 and you can replay Episode 1 here. In this blog we recap Scott’s Season 1 conversations with Jordan Levine , Partner at Dynamic Ideas LLC and MIT lecturer, and Cortnie Abercrombie , CEO and Founder of AI Truth.

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JetBlue vs. American Airlines: Which Is Better?

Nerd Wallet

When planning a trip, you might find yourself comparing JetBlue Airways to American Airlines to determine which airline is best for your upcoming travels. Both airlines have appealing features, but there are distinct differences between them. Here, we’ll compare their route networks, credit cards, loyalty programs and more to help you decide which of these.

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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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Republicans complaining about lack of accountability of CFPB director who serves at the pleasure of the president

Public Citizen

by Jeff Sovern. Remember how Republicans complained how the CFPB was an unaccountable agency because its director could be fired only for cause? And then the Supreme Court ruled in Seila Law that the "for cause" removal limit was unconstitutional so that the president could fire the director without a showing of cause? You might think that Republicans would no longer be complaining that the Bureau is unaccountable, but you would be wrong.

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Biden considerng options for forgiving federal student loan debt

Public Citizen

President Biden is reportedly looking at options to forgive most, if not all, federal student loan debt. He shared his plans during a 90-minute White House meeting Monday with members of the Congressional Hispanic Caucus. As CBS News reports , the move could affect more than 43 million borrowers who hold more than $1.6 trillion in federal student loan debt.