Tue.Feb 01, 2022

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Study Sheds Light On Shifting Consumer Payment Preferences

Account Recovery

Following up on yesterday’s article about how consumer payment trends are changing and continuing to push more toward digital channels and away from checks and cash is another study that reveals that three-quarters of consumer payments will be handled by non-traditional financial services institutions by the end of this decade, up from 60% just (..)

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Banking Groups Ask CFPB to Conduct Research Into Overdraft Fees Before Making Decisions

Account Recovery

Five of the nation’s major banking trade groups have sent a letter to Rohit Chopra, the Director of the Consumer Financial Protection Bureau, asking the Bureau to conduct a consumer study or focus groups before making any decisions on what to do about overdraft fees, arguing that the information published by the CFPB so far … The post Banking (..)

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CFPB Requests Comment on Buy Now, Pay Later Inquiry

Troutman Sanders

The notice seeks comments from any interested parties about BNPL products and provides the following examples of information the CFPB seeks: What is the consumer experience with BNPL products? For more information about the notice and request for comment and BNPL generally, the CFPB wrote a blog post in conjunction with the notice.

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Medical debt buries some at UPMC

Collection Industry News

The only good thing about it was my baby being born,’” she said. “It In an emailed response to the Post-Gazette, UPMC declined to respond to questions about the union survey or provide the number of workers who owe medical debt. There aren’t good numbers” about how many health care workers owe money to their employers, said Ms.

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Exploring the Overlap: Cost Optimization and Digital Transformation

Speaker: Alex Jiménez, Managing Principal, Financial Service Consulting for EPAM

Alex Jiménez is here to share his expertise, and will teach you more about: The differences between incremental change and digital transformation Why digital transformation is key to sustained cost optimization Key areas where digital transformation and cost optimization overlap Don't miss this exclusive session!

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PRA Group Expected to Post Quarterly Sales of $251.09 Million

Collection Industry News

About PRA Group. For more information about research offerings from Zacks Investment Research, visit Zacks.com. Please send any questions or comments about this story to [email protected]. Institutional investors own 98.89% of the company’s stock. Featured Story: Fundamental Analysis.

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Synchrony isn’t sweating CFPB scrutiny of late fees, CEO says

Collection Industry News

Synchrony Financial is closely monitoring the possibility that regulators will curb late fees across the credit card industry, but it’s not overly concerned about the potential revenue impact, executives said Friday.

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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.

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Everything You Need to Know About Crypto

Speaker: Ryan McInerny, CAMS, FRM, MSBA - Principal, Product Strategy

Cryptocurrency and non-fungible tokens (NFTs) - what are they and why should you care? With 20% of Americans owning cryptocurrencies, speaking "fluent crypto" in the financial sector ensures you are prepared to discuss growth and risk management strategies when the topic arises.

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How to Attract Multiple Generations to Open New Accounts and Apply for Loans

Download and start exploring more about how to attract multiple generations today! What makes the group different in how they receive information? What types of digital technology should you employ to meet the needs of each generation?