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USPS Rolling Out New Financial Services; Bill Payment Option on the Menu

Account Recovery

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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Getting to Know Ken Rowen of CMRE Financial Services

Account Recovery

Product development is driven by customer feedback, agency profitability and compliance and includes platforms addressing client portal access, document management, payment negotiation, Regulation E focused electronic payment authorizations and TCPA communication authorization platforms.

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Getting to Know Lee-Madeline Dowls of First Investors Financial Services

Account Recovery

Product development is driven by customer feedback, agency profitability and compliance and includes platforms addressing client portal access, document management, payment negotiation, Regulation E focused electronic payment authorizations and TCPA communication authorization platforms.

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Consumers Drive Increased Adoption of Digital Payment Options

Account Recovery

Consumers in America continue to head toward a cashless — and maybe even checkless — future when it comes to making payments, according to a study released this week by a payment provider for the financial services industry.

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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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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On February 28, the FTC announced that it is launching a claims process for small businesses harmed by payment processing company First American Payment Systems’ undisclosed early termination fees. Businesses who paid an early termination fee are eligible to request a payment. The deadline to file a claim is May 28.

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Lawmakers Ask CFPB to Reopen Tech Payment Comment Period

Account Recovery

A trio of Republicans from the House Financial Services Committee sent a letter to Rohit Copra, the director of the Consumer Financial Protection Bureau, asking for the Bureau to revisit a number of aspects of its proposed rule that would give it the power to regulate a handful of tech companies what manage and facilitate […]