Account Recovery
APRIL 26, 2022
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.
Troutman Sanders
APRIL 26, 2022
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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Account Recovery
APRIL 26, 2022
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.
Nerd Wallet
APRIL 26, 2022
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.
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 26, 2022
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
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Fico Collections
APRIL 26, 2022
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.
Nerd Wallet
APRIL 26, 2022
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.
Fico Collections
APRIL 26, 2022
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.
Nerd Wallet
APRIL 26, 2022
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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Consumer Finance
APRIL 26, 2022
Director Rohit Chopra's opening statement before before the House Committee on Financial Services.
Nerd Wallet
APRIL 26, 2022
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.
Public Citizen
APRIL 26, 2022
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.
Nerd Wallet
APRIL 26, 2022
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.
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?
Account Recovery
APRIL 26, 2022
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.
Public Citizen
APRIL 26, 2022
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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