Daily Digest – May 26. Getting to Know Kyle Nelson of InterProse; CFPB Seeks Info on ‘Suppressed’ Card Payment Information

GETTING TO KNOW KYLE NELSON OF INTERPROSE

  • Kyle Nelson started as an intern at InterProse 22 years ago and now runs the company. Isn’t that the kind of career path that we all hope for? For Kyle, there is probably a lot of similarities between his role as InterProse and his other passion — coaching youth soccer. Creating an environment where people can succeed and watching them grow is incredibly rewarding. Read on to learn more about Kyle, why he’s the guy you want to go to if you want to learn how to throw an around-the-world, and the difference between being busy and being effective. This series is sponsored by Applied Innovation.

CFPB SEEKS INFO ON ‘SUPPRESSED’ CARD PAYMENT INFORMATION FURNISHED TO CRAS

  • The Consumer Financial Protection Bureau is asking each of the nation’s six largest credit card lenders why they are choosing to not include the amount that their customers pay each month when furnishing information to the credit reporting agencies, saying that the practice has the potential to suppress consumers’ credit scores and prevent them from receiving the best possible terms when applying for credit.

NO SURPRISES ACT HAVING BIG IMPACT ON NUMBER OF MEDICAL BILLS: REPORT

  • The No Surprises Act reportedly prevented more than 2 million medical bills during its first two months in effect and could ultimately keep individuals from receiving 12 million medical bills during its first year, according to a report that was issued this week by the Blue Cross Blue Shield Association and AHIP, a trade group for health insurance providers. That is likely welcome news to individuals across the country, because a separately released report from the Federal Reserve Board revealed that 20% of people had a “major, unexpected” medical expense in the past 12 months.

MARYLAND REGULATOR ISSUES GUIDANCE REGARDING CONVENIENCE FEES

  • The Maryland Commissioner of Financial Regulation has issued a notice to lenders and servicers, calling on them to review their practices with respect to charging fees when accepting payments and to check whether any improper fees have already been collected, in the wake of a ruling from the Court of Appeals for the Fourth Circuit.

WORTH NOTING: Want a sign that a recession is on the horizon? Here’s one you might not have expected … Read about a couple who retired and are living on cruise ships … What you can say to your kids about school shootings to help them deal with stress and anxiety … It will cost you more than $4 million to live like a Smurf in Michigan … How to give genuine recognition to your employees … The leaders at student loan companies are expecting their borrowers to get some relief … The housing market may have finally turned a corner … Why you need to start being nice to referees and umpires.

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