Account Recovery

JANUARY 14, 2022

NAVIENT TO CANCEL $1.8B IN STUDENT LOANS UNDER DEAL WITH STATE AGS A deal was announced yesterday between student loan servicer Navient and 39 state attorneys general that will see the company pay $145 million in restitution and cancel $1.7 billion in delinquent private student loans to settle claims it took advantage of individuals when … The post Daily Digest – January 14.

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Enterprise Recovery

JANUARY 14, 2022

While individuals attempt to keep their New Year's resolutions, new and growing businesses can also prepare for the year ahead. By setting up for success in January and February, you and your business are getting ahead of the curve so the rest of the year runs smoothly. This task list will set up success for business owners in the new year.

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Account Recovery

JANUARY 14, 2022

Statutory penalties under the Fair Debt Collection Practices Act and the Fair Credit Reporting Act should be tied to inflation and are being devalued because they represent monetary amounts that have not kept up with the times, according to an essay published by the National Association of Consumer Advocates. The FCRA, enacted in 1970, and … The post NACA Calls for FDCPA, FCRA Penalties to be Increased appeared first on AccountsRecovery.net.

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Fair Debt Collection Collections 246

Troutman Sanders

JANUARY 14, 2022

In a January 10 report titled, “Virtual Currencies: Additional Information Could Improve Federal Agency Efforts to Counter Human and Drug Trafficking,” the Government Accountability Office (GAO) identified virtual currency kiosks as one reason driving an increase in the use of crypto payments to facilitate illegal activities, such as human and drug trafficking.

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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

JANUARY 14, 2022

BUFFALO, N.Y. – Mark Lesinski, Owner and President at Landmark Strategy Group, LLC, is a volunteer with FeedMore WNY, a nonprofit organization dedicated to feeding neighbors in need across Western New York. The organization encompasses both a food bank and the area Meals on Wheels program. Mr. Lesinski joined in a warehouse packing day on … The post Landmark Strategy Group’s Mark Lesinski Helps Pack Holiday Meals on Wheels appeared first on AccountsRecovery.net.

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Banks 246

Account Recovery

JANUARY 14, 2022

Companies that collect medical debt were put on notice yesterday by the Consumer Financial Protection Bureau to make sure that the debts they are trying to collect are not prohibited under the recently enacted No Surprises Act. Collectors that attempt to collect debts that exceed the amount permitted under the No Surprises Act could be … The post CFPB Warns Medical Debt Collectors About Not Complying With No Surprises Act appeared first on AccountsRecovery.net.

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Nerd Wallet

JANUARY 14, 2022

Extra Help is a federal program that helps Medicare beneficiaries with low income and limited resources pay for prescription drugs with Medicare Part D. “These programs are really important and can save people thousands of dollars per year,” says Erin Guay, paralegal and compliance officer at the Pennsylvania Health Law Project. If you qualify, the.

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Account Recovery

JANUARY 14, 2022

The Supreme Court yesterday shut down the mandate from the federal government that employers with more than 100 employees must institute a mandate for workers to either get vaccinated against COVID-19 or be tested every week saying the government overstepped its authority in having the Occupational Safety and Health Administration issue the guidance.

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Government 244

Nerd Wallet

JANUARY 14, 2022

This one goes out to all you lovebirds who got engaged over the holidays and are now left planning a wedding with zero event-planning experience. Somehow you’re expected to craft a day that’s traditional, yet modern. Well-attended, yet intimate. It’s about you as a couple, but also shouldn’t be offensive to any of your guests. Sara Rathner writes for NerdWallet.

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Collections

Account Recovery

JANUARY 14, 2022

A deal was announced yesterday between student loan servicer Navient and 39 state attorneys general that will see the company pay $145 million in restitution and cancel $1.7 billion in delinquent private student loans to settle claims it took advantage of individuals when servicing and collecting on their student loans. A copy of the settlement … The post Navient to Cancel $1.8B in Student Loans Under Deal with State AGs appeared first on AccountsRecovery.net.

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Nerd Wallet

JANUARY 14, 2022

Hyatt has fewer hotels than its competitors like Marriott and Hilton, but loyalists love the hotel chain for its outstanding service and rewarding loyalty program. And the secret many value-seekers may not know: A Hyatt award stay can cost substantially fewer points than award stays with other hotel programs. While competitors like Marriott and Hilton.

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Troutman Sanders

JANUARY 14, 2022

On January 18, the Office of the Comptroller of the Currency (OCC) conditionally approved an application by Social Finance Inc. (SoFi) to acquire Golden Pacific Bank, National Association, so long as the new bank does “not engage in any crypto-asset activities or services.”. SoFi’s application allows for the creation of SoFi Bank, National Association (SoFi Bank), as a full-service national bank headquartered in Cottonwood Heights, UT.

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Banks 52

Nerd Wallet

JANUARY 14, 2022

Whether you’re in it for the casinos, shows or outdoor activities, there are plenty of reasons to head to Sin City. American Airlines flights to Las Vegas depart from airports all over the country, with plenty of deals to be had. The American Airlines experience in Las Vegas Before your flight, here are some things. Alisha McDarris writes for NerdWallet.

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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

JANUARY 14, 2022

On December 8, 2021, the Consumer Financial Protection Bureau (CFPB) published the 25th edition of its Supervisory Highlights report , which summarized key findings from examinations completed between January 2021 and June 2021. While the report covers a number of areas of consumer finance, it specifically stated the CFPB “is prioritizing mortgage servicing supervision work in light of the increase in borrowers needing loss mitigation assistance this year.

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Nerd Wallet

JANUARY 14, 2022

The author flew as a guest of the airline on a flight that would have otherwise cost $950 one-way. However, the author’s opinions are his own and this article hasn’t been reviewed or approved by Aero. Between crowded airports and reduced airline service, it isn’t surprising that passengers are looking for a better way to. JT Genter writes for NerdWallet.

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Roths Child Law

JANUARY 14, 2022

When there is no other way out of your current financial situation, filing for bankruptcy may be your only option. When you decide to declare bankruptcy, you expect to be relieved of your debts and get your finances in order. While it may be the case, there are certain financial obligations you still have to meet. . Here is more on what you need to know about dischargeable and nondischargeable debt before filing for Chapter 7 bankruptcy.

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Nerd Wallet

JANUARY 14, 2022

The Chase Freedom Flex? and the Chase Freedom Unlimited® are no longer offering their lucrative incentive on grocery store spending for new cardholders Both cards previously offered a two-part sign-up bonus, one of which was 5% cash back on grocery store purchases on up to $12,000 spent in the first year — an offer that, Funto Omojola writes for NerdWallet.

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Collections

Fraser

JANUARY 14, 2022

Despite some bumps in the road—which are to be expected for any nascent industry—the year 2021 was a remarkable and record-breaking one for the legal cannabis industry in Michigan. As we gear up for what’s ahead in 2022, here are a few recent, noteworthy developments that those competing in the industry should be aware of. Governor Signs Legislation Easing Financial Reporting Requirements for Medical Marijuana Growers.

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Nerd Wallet

JANUARY 14, 2022

Wisconsin-based American Family offers many ways to customize your renters policy, including coverage for valuables, identity fraud and the breakdown of electronic devices. The company draws fewer complaints than expected for a company of its size, and its rates are slightly cheaper than the national average. But American Family renters insurance isn’t available in all.

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Public Citizen

JANUARY 14, 2022

CNBC reports that Navient, one of the largest student loan servicers, will cancel $1.7 billion in private student loans under a settlement with 39 states. The settlement, announced yesterday, resulted from accusations the lender gave out loans to millions of borrowers who would be unlikely to be able to repay them. The article is here.

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Burr Forman

JANUARY 14, 2022

On January 13, 2022, the United States Supreme Court, in a 5 to 4 vote, granted the government’s request to overturn the injunction on The Centers for Medicare and Medicaid (CMS) interim final rule requiring vaccinations of employees at certain Medicare and Medicaid-certified facilities. Federal courts had enjoined the rule in 26 states, while the remaining states were subject to enforcement as of January 27, 2022.

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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.

Public Citizen

JANUARY 14, 2022

Read Board Diversity Matters: An Empirical Assessment of Community Lending at Federal Reserve-Regulated Banks by profs Brian Feinstein, Peter Conti-Brown, and Kaleb Nygaard. Here is the abstract: This working paper shows that the increased presence of minority directors on the twelve regional Federal Reserve Banks — the quasi-governmental entities responsible for evaluating many commercial banks’ lending to underserved communities — is associated with greater lending to these communities.

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Public Citizen

JANUARY 14, 2022

Here.

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