"The Power of Expertise: Oversight Perfected"
"The Power of Expertise: Oversight Perfected"
Since the Detroit Lions are officially out of the Super Bowl hunt, my husband has made a bold move: deleting all his NFL apps. His mission? To escape the endless negativity from the talking heads until Training Camp kicks off. By then, he plans to reinstall them and dive back into the action. Until then, I’ve stepped up as his primary source for coaching updates and off-season news—a role I’ve […]
The auto finance market represents a significant component of consumer credit in the United States, with outstanding auto loan balances exceeding $1.64 trillion through the third quarter of 2024. This accounts for more than 100 million active auto finance accounts and $63 billion in new monthly originations as of April 2024. Despite its size, detailed data on the auto finance market remains limited. To address this gap, the Consumer Financial […]
My husband and I had the opportunity to meet Wayne Fontes, when he was still coaching the Detroit Lions. As you might imagine, many football fans lined up for the opportunity—probably 100 deep. When it was finally my husband’s turn, he didn’t go with the typical “nice to meet you” or “I’m a big fan” approach. Instead, he looked Fontes squarely in the eyes and said, “If the Detroit Lions […]
Managing a team of collectors can sometimes feel like herding cats. Team members often seem more focused on what their peers are doing (or not doing) than on their own tasks. As someone who loves football, I’ve found that the sport offers many valuable lessons for managing a team. In fact, most of my insights come from watching the Detroit Lions. Football teams, like teams of collectors, have rookies, veterans, […]
A recent report by TransUnion (NYSE: TRU) sheds light on the evolving landscape of the debt collection industry. Over half (52%) of debt collection companies have experienced a rise in accounts placed or acquired in the last 12 months. Additionally, 62% of these companies anticipate being in a stronger financial position next year. However, this growth comes with challenges, such as declining collectability and increasing concerns over data security and […]
The Consumer Financial Protection Bureau (CFPB) has ordered Block, Inc., the operator of the peer-to-peer payments platform Cash App, to provide up to $120 million in refunds and other redress to consumers and pay a $55 million penalty to the CFPB’s victims relief fund. This enforcement action comes in response to the company’s inadequate security measures and failure to properly investigate unauthorized transactions, leaving many users at risk of financial […]
The Consumer Financial Protection Bureau (CFPB) has proposed new regulations aimed at curbing unfair contractual terms in agreements for consumer financial products and services. The proposal seeks to prohibit certain provisions that waive essential consumer legal rights, limit free expression, and grant financial companies the power to unilaterally amend contract terms. This initiative is part of the CFPB’s broader effort to ensure that consumers are not unfairly burdened by coercive […]
The Consumer Financial Protection Bureau (CFPB) has issued a proposed rule to amend Regulation V, which implements the Fair Credit Reporting Act (FCRA). This proposal aims to redefine critical terms such as “consumer report” and “consumer reporting agency” while addressing the conditions under which consumer reporting agencies may share or users may obtain consumer reports. At its core, the proposed rule seeks to enhance the FCRA’s protections for sensitive consumer […]
The U.S. Department of Health and Human Services (HHS), through its Office for Civil Rights (OCR), has issued a proposed rule aimed at bolstering cybersecurity protections in the health care sector. This initiative seeks to address the increasing frequency and sophistication of cyberattacks targeting health care systems, which pose significant threats to patient safety and trust. The proposed rule aims to update the Health Insurance Portability and Accountability Act of […]
Have you ever bought a toy in a big, impressive box, thinking it’s ready to go, only to open it and find a million tiny pieces and overly complicated instructions? My approach? Grab some superglue, glance at the pictures, and call it a day. My husband, on the other hand, reads every single word of the directions, studies the diagrams, and meticulously checks if all the parts are accounted for. […]