Sat.Oct 01, 2022 - Fri.Oct 07, 2022

NY DFS Brings Back Consumer Protection Council

Account Recovery

The New York Department of Financial Services yesterday announced it was relaunching its Consumer Protection Advisory Council, and that the group has already held its first meeting.

Insurance Claims Recoveries – Keeping Claims Costs Down

Debt Recoveries

Recoveries are the Bermuda triangle of the claims process, where recoverable funds are all too often lost, forgotten, or not given the priority they deserve. To avoid the Bermuda triangle, gather all relevant information at the start of a claim.

Inspire Your Startup Employees to Stay Engaged

Enterprise Recovery

Growing a new company isn't for the faint at heart. Employees must be passionate, willing to go the extra mile, and work long hours as part of a cycle of endless expectations.

Top Ethereum (ETH) Wallets for 2022

Nerd Wallet

Ether, or ETH — the Ethereum blockchain’s native token — can be held in most of the leading crypto wallets on the market. You can store ETH in a “hot” software wallet connected to the internet on your computer or phone, or a “cold” hardware wallet that can keep your data fully offline. For DeFi.

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Successful Change Management with Enterprise Risk Management

Speaker: William Hord, Vice President of ERM Services

Join us as we discuss the various tangents of data and the change management process that will help you make better risk-based business decisions to save time and money for your organization.

The Secret to Writing Strong Policies & Procedures

Account Recovery

Everyone who has a driver’s license knows how to drive a car. We know what pedal makes the car move and which one makes the car stop.

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More Trending

Users Love Us! PDCflow Earns Fall Badges From G2 Based on Customer Reviews

PDC Flow

What feels better than getting good feedback from a customer? Getting positive reviews from lots of customers! Through software review site G2, PDCflow has collected great ratings and insightful responses from actual users to help you pick the right tools for your business.

Best Credit Cards for Everyday Spending

Nerd Wallet

Using a credit card to pay for almost everything can help you track spending, build credit and earn rewards, so long as it doesn’t tempt you to overspend. That advice is especially relevant when it comes to everyday expenses.

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Debt Relief Power of Attorney Doc at Center of FDCPA Suit

Account Recovery

EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit.

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Collecting Receivables After Going Through an Acquisition

FFGN COLLECT NY

Companies that grow by acquisition are often faced with challenges when taking a deep dive into recently acquired new customer accounts. Although acquisitions can increase your customer base, new client relationships don’t always go as anticipated.

How Preparation and Strategy Can Be Used to Fight and Defeat Any Ransomware Attack

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Through a detailed analysis of major attacks and their consequences, Karl Camilleri, Cloud Services Product Manager at phoenixNAP, will discuss the state of ransomware and future predictions, as well as provide best practices for attack prevention and recovery.

NCLC's Consumer Rights Litigation Conference

Public Citizen

The National Consumer Law Center is holding its annual Consumer Rights Litigation Conference in person for the first time since 2019. Details about the conference, to be held November 10-13 in Seattle, are here

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American Airlines ‘Dreamy’ New Lounge is Opening This Fall

Nerd Wallet

American Airlines will debut the redesign of its Admirals Club lounges this autumn with the opening of the first revamped lounge at Washington-National.

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Hunstein Ruling Pushing More Cases Back to State Court

Account Recovery

CFPB Focuses on Student Loans — Especially Those Made by Schools — in Latest Supervisory Highlights

Troutman Sanders

On September 29, the Consumer Financial Protection Bureau (CFPB or Bureau) released a special edition of its Supervisory Highlights , focusing on student loan servicing.

Mandatory COVID Vaccination Policy Template

The federal government is developing a rule requiring employers with more than 100 employees ensure their workers are vaccinated or produce a negative COVID test weekly before entering the workplace. So, what can your organization do to prepare? Get Paycor’s COVID Vaccination Policy Template to help communicate important details to your employees.

CFP: AALS Section of Financial Institutions & Consumer Financial Services' FinReg Conference

Public Citizen

We received the following Call for Papers: The AALS Section of Financial Institutions & Consumer Financial Services will host the first AALS FinReg Conference on November 4, 2022, in person, at the Antonin Scalia Law School, in Arlington, Virginia. This annual workshop brings together scholars focused on financial regulation to present their scholarly works. We welcome scholars working in a variety of methodologies, as well as both completed papers and works in-progress.

How Much Do Electric Car Batteries Cost?

Nerd Wallet

When it comes to the cost of car batteries, electric vehicles take the trophy for the most expensive type. Depending on the make and model of your vehicle, a battery can run you between $4,000 and $20,000.

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Malone Frost Martin Changes Name, Now Known as Martin Lyon Watts Morgan

Account Recovery

Malone Frost Martin PLLC is excited to announce that it has changed its name to now be known as Martin Lyons Watts Morgan PLLC. The firm announced the name change to recognize the efforts and leadership of partners Loraine Lyons, Xerxes Martin, Porter Heath Morgan, and Patrick Watts.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

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.

CFPB finds violations of federal law by student-loan servicers and university-owned lenders

Public Citizen

Today, the Consumer Financial Protection Bureau released a special edition of Supervisory Highlights on recent examination findings covering the practices of student loan servicers, and schools that lend to students directly. The exams found that these schools had improper blanket policies of withholding transcripts to force students to make payments.

Wyndham Status Match: What You Need to Know

Nerd Wallet

Many travelers understand how hotel elite status can help improve their stay. Bonus points, potential room upgrades and other welcome amenities make the experience that much better.

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Daily Digest – October 4. Debt Relief Power of Attorney Doc at Center of FDCPA Suit; FCC Enforcement Action to Block Calls from Seven Carriers

Account Recovery

DEBT RELIEF POWER OF ATTORNEY DOC AT CENTER OF FDCPA SUIT A collector is being sued because it allegedly refused to discuss the particulars of a debt with the plaintiff, due to the fact the plaintiff had previously executed a power of attorney with the debt relief firm at which she was working.

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CFPB Takes Action Against Choice Money for Remittance Failures

Consumer Finance

Company did not provide accurate fee, exchange rate, and other key information for money transfers. Press release

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Good News For Defendants Facing Claims Under Florida’s Mini-TCPA

Collection Industry News

Joshua Briones, September 30, 2022. Since the beginning of 2022, dozens of Florida Telephone Solicitation Act (“FTSA”) claims have been filed. The FTSA and related case law have been bad news for defendants. The FTSA is significantly more restrictive than the TCPA because it contains an overly broad definition of “autodialer” that looks at any system that either automatically dials or selects phone numbers to be dialed; unlike the TCPA, no random or sequential number generator needs to be used.

October Mortgage Rates Will Continue to Rise, Haunting Home Buyers

Nerd Wallet

October mortgage rates forecast Mortgage interest rates are likely to keep on rising in October. Projecting the trend for mortgage rates this month isn’t particularly tricky, but it doesn’t look like there’ll be any treats, either.

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FCC Enforcement Action to Block Calls from Seven Carriers

Account Recovery

For the first time ever, the Federal Communications Commission has announced enforcement actions that will remove seven different carriers from its Robocall Mitigation Database after being accused of failing to implement anti-spam measures like the STIR/SHAKEN protocols.

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Director Chopra’s Prepared Remarks at the Financial Stability Oversight Council Meeting

Consumer Finance

Prepared remarks of CFPB Director Chopra at a meeting of the Financial Stability Oversight Council on October 3, 2022. Speech Banking

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Schumer urges FTC and DOJ to increase protections against cybersecurity hacks

Collection Industry News

Aaron Pellish , October 2, 2022. Senate Majority Leader Chuck Schumer on Sunday urged federal officials to increase their efforts to protect consumers from cybersecurity breaches and investigate those responsible for such hacks. “I

3 Steps to Lower the Cost of Your Debt

Nerd Wallet

Does the thought of dealing with your debt make you want to go back to bed? More than 1 in 5 Americans (22%) are likely to put off creating a debt payoff plan, according to a June 2022 survey from NerdWallet conducted online by The Harris Poll. That’s a lot of procrastination, and it’s no.

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21 Companies Seeking Collection Talent

Account Recovery

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online.