Account Recovery

APRIL 26, 2023

The Department of Justice’s Civil Rights Division, the CFPB, the FTC, and the Equal Employment Opportunity Commission (EEOC) released a … The post Regulators Affirm Commitment to Policing AI in Financial Services first appeared on AccountsRecovery.net.

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Account Recovery

OCTOBER 25, 2021

It might not specifically mention debt collection or the accounts receivable management industry, but everyone’s ears should still be perking up after a number of departments within the federal government on Friday announced a crackdown on discrimination in the financial services industry.

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Account Recovery

JUNE 14, 2023

After going before the Senate Banking Committee yesterday, Rohit Chopra, the director of the Consumer Financial Protection Bureau will testify before the House Financial Services Committee, in what is sure to be a raucous hearing that will focus more on scoring points and trying to get the best soundbite than on anything substantive, especially if (..)

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Account Recovery

MARCH 13, 2023

Clark Hill announced today that Ari Derman has joined the firm as Senior Counsel in its Banking and Financial Services group. He will be based in Clark Hill’s Chicago office and also be a part of the Financial Services Regulatory and Compliance team.

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Account Recovery

APRIL 26, 2022

McHenry to seek Chair of Financial Services Committee if Republicans Take Back House appeared first on AccountsRecovery.net. 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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Account Recovery

OCTOBER 6, 2021

For all the talk about moving debt collection and paying bills into the 21st century by allowing consumers to communicate via text messaging and pay bills using apps like Venmo, a published report is touting the expanding presence of an old school brick-and-mortar building — the post office — as a financial services hub for … The (..)

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Account Recovery

MAY 8, 2023

Conversational Voice AI Leader enables LTD Financial Services, L.P.’s LTD), a Texas-based collection … The post LTD Financial Services, L.P.; LTD), a Texas-based collection … The post LTD Financial Services, L.P.; The post LTD Financial Services, L.P.; Partners with Skit.ai

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Account Recovery

SEPTEMBER 9, 2021

… The post Getting to Know Ken Rowen of CMRE Financial Services appeared first on AccountsRecovery.net.

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Account Recovery

AUGUST 19, 2021

… The post Getting to Know Lee-Madeline Dowls of First Investors Financial Services appeared first on AccountsRecovery.net.

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Troutman Sanders

JUNE 15, 2023

Please join Troutman Pepper Partners Chris Willis and James Stevens for a very special announcement about two new great tools for the financial services industry: The Troutman Pepper Financial Services blog and the Troutman Pepper Financial Services app.

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Account Recovery

APRIL 26, 2023

House Committee to Mark Up Omnibus CFPB Reform Bill Today; Regulators Affirm Commitment to Policing AI in Financial Services first appeared on AccountsRecovery.net. House Committee to Mark Up Omnibus CFPB Reform Bill Today; Regulators Affirm Commitment to Policing AI in Financial Services appeared first on AccountsRecovery.net.

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Troutman Sanders

SEPTEMBER 25, 2023

On September 20, the Senate Banking, Housing, and Urban Affairs Committee held a hearing on artificial intelligence (AI) in financial services. In his opening statement, Chair Sherrod Brown (D-OH) alleged that AI could cause significant changes in our financial system. For more information, click here. million from investors.

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Account Recovery

OCTOBER 6, 2021

Appeals Court Upholds Ruling for Medical Provider in FDCPA False Name Case; USPS Rolling out New Financial Services appeared first on AccountsRecovery.net.

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Account Recovery

OCTOBER 19, 2020

Bender has joined the firm as Senior Counsel in its Financial Services Regulatory & Compliance group in Washington, D.C. WASHINGTON, D.C., October 19, 2020 – Clark Hill PLC today announced Leslie C. appeared first on AccountsRecovery.net. appeared first on AccountsRecovery.net.

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Troutman Sanders

SEPTEMBER 18, 2023

Supreme Court reverses the Fifth Circuit in the Community Financial Services Association (CFSA) v CFPB case, which found the CFPB’s funding structure unconstitutional and, therefore, rules promulgated by the CFPB invalid. (A discussion of the first injunction issued by a Texas federal court can be found here.)

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Troutman Sanders

SEPTEMBER 5, 2023

Impact Theory agreed to a cease-and-desist order finding it violated the registration provisions of the Securities Act of 1933, and will be required to pay more than $6.1 million in disgorgement, prejudgment interest, and a civil penalty. For more information, click here.

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Consumer Finance

JUNE 7, 2023

The Consumer Financial Protection Bureau (CFPB) took action against medical debt collector Phoenix Financial Services (Phoenix) for numerous debt collection and credit reporting violations.

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Troutman Sanders

AUGUST 14, 2023

The stablecoin will be issued by Paxos Trust Company, a company subject to regulatory oversight by the New York Department of Financial Services, and each PayPal USD token will be redeemable on a 1:1 basis for U.S. On August 7, PayPal announced its intent to launch PayPal USD (PYUSD), a stablecoin fully backed by U.S.

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Troutman Sanders

MAY 17, 2023

Financial services companies are using AI to assist with many business processes, including underwriting decisions, consumer credit approval, servicing and collections, loss mitigation programs, customer interaction on websites and mobile apps via chatbots, and in detecting fraud.

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Troutman Sanders

JULY 25, 2023

To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry this past week: Federal Activities State Activities Federal Activities: On July 21, the Chairman of the U.S. The FSC will meet on July 26 to markup H.R.

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PDC Flow

JANUARY 26, 2021

Here are just some of the many financial services podcasts available centering on accounts receivable , consumer finance and other aspects of business that can strengthen your skills and keep your company current. Financial Services and Fintech. Understanding financial services is essential for many aspects of business.

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Fico Collections

JANUARY 18, 2023

The State of Responsible AI in Financial Services. The third annual State of Responsible AI in Financial Services report released today, alerting the industry to come together and self-regulate its use of AI. FICO Admin. Thu, 12/19/2019 - 16:29. by Scott Zoldi. Chief Analytics Officer. expand_less Back To Top.

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Troutman Sanders

APRIL 13, 2023

Please join Troutman Pepper Partner Chris Willis and his colleague Vin Thomas as they discuss what it’s like to be a general counsel of a financial services company, based on Vin’s long experience as a financial services general counsel. Transcript: A Day in the Life of a Financial Services General Counsel (PDF)

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Troutman Sanders

AUGUST 28, 2023

The agencies encourage institutions operating in the affected areas to meet the financial services needs of their communities. For more information, click here.

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Troutman Sanders

FEBRUARY 8, 2022

Troutman Pepper announced today that a nationally recognized consumer financial services group has joined the firm from Ballard Spahr in Atlanta, New York, Philadelphia, and Salt Lake City. The industry-leading group includes partners Christopher J. Willis , Mark J. Furletti , Jeremy T. Rosenblum , Stefanie H. Cover , and Anthony C.

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Jimerson Firm

JULY 22, 2020

That trend holds true in the financial services industry, despite such lawsuits being more commonly associated with lower paid jobs. Below, we discuss three of the most common wage and hour issues that commonly arise in the financial services industry. Marketing, servicing or promoting the employer’s financial products.

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Troutman Sanders

AUGUST 1, 2023

On July 27, the Financial Innovation and Technology for the 21st Century Act passed the House Committee on Agriculture. The bill previously passed the House Committee on Financial Services on July 26.

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Troutman Sanders

SEPTEMBER 11, 2023

To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Finance Services industry over the past week: Federal Activities State Activities Federal Activities: On September 11, the Consumer Financial Protection Bureau (CFPB) took action against Tempoe, LLC, for tricking (..)

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Troutman Sanders

JUNE 27, 2023

On June 21, the House Financial Services Committee announced its plan to advance two proposed new cryptocurrency laws in July 2023. However, the complaint alleged that Ichioka could not pay investors because he used investor money to for his personal use. The DOJ and CFTC also filed criminal and civil actions against Ichioka.

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Troutman Sanders

MAY 2, 2023

However, due to partisanship in the Senate, Senator Lummis believes her bill is unlikely to pass before the House Financial Service Committee’s bill is introduced. Khan appeared before the House Appropriations Subcommittee on Financial Services and General Government to discuss its FY 2024 budget request and the agency’s ongoing work.

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Troutman Sanders

JULY 5, 2023

On June 29, the United Kingdom’s cryptocurrency bill — the Financial Services and Markets Act 2023 — was approved by King Charles and ratified into law. There are currently 128 members across GMAC and its subcommittees, which is the largest-ever single advisory committee initiative sponsored by the CFTC.

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Troutman Sanders

JUNE 21, 2023

On June 14, CFPB Director Rohit Chopra issued an opening statement before the House Committee on Financial Services, which included an update as to the CFPB’s mandated objectives and alerts for “shocks to the system that might unsettle household financial stability.” For more information, click here.

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Troutman Sanders

JANUARY 17, 2023

On January 13, the Federal Reserve Board (Fed) released results of a survey of senior financial officers at banks about their strategies and practices for managing reserve balances. On January 13, the Fed announced preliminary financial information, indicating that the Federal Reserve Banks had estimated net income of $58.4

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Troutman Sanders

APRIL 18, 2023

On April 19, the House of Representatives Committee on Financial Services will hold a hearing on “Understanding Stablecoins’ Role in Payments and the Need for Legislation.” For more information about the draft bill, click here. For information about the legislative hearing, click here.

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Troutman Sanders

JANUARY 13, 2023

Transcript: A Sneak Peek in the Consumer Financial Services Year in Review and a Look Ahead (PDF). In his national litigation practice, David represents companies in highly regulated industries, with clients relying on him to resolve their most difficult and complex legal and business challenges both in and out of the courtroom.

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PDC Flow

MARCH 2, 2021

The post Operational Risk Management in Financial Services appeared first on PDCflow. Hannah Huerta is a Marketing Specialist at PDCflow. She creates content for the accounts receivable and payment industry. Related Articles. Disclaimer Information.

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Financial services Collections Government Education 92

Troutman Sanders

FEBRUARY 6, 2023

For example, the administration examined “misuses of customers’ assets” and potential disclosure requirement solutions that would enable investors to “make more informed decisions about financial risks” associated with digital asset investing. For more information, click here. The bill will remain in effect for 90 days.

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