Wed.Mar 16, 2022

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CFPB Issues Rule Changing Enforcement Proceedings

Account Recovery

The Consumer Financial Protection Bureau has issued a rule that will make it easier for engaging in enforcement actions via administrative proceedings — similar to how the Federal Trade Commission operates — rather than having to pursue enforcement actions in federal court, according to a published report. The change also expands the opportunities for entities … The post CFPB Issues Rule Changing Enforcement Proceedings appeared first on AccountsRecovery.net.

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How Rising Fed Interest Rates Affect Home Buyers, Homeowners

Nerd Wallet

What the Federal Reserve did and why The Federal Reserve raised a bedrock interest rate on Wednesday. As a result, mortgage interest rates probably will go up, and rates on home equity lines of credit certainly will. The Fed raised its target for the federal funds rate by 0.25%, or one-quarter of a percentage point. Holden Lewis writes for NerdWallet.

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26 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. Please make sure to do your own due diligence before applying for a position included here or accepting any offers. This is merely meant … The post 26 Companies Seeking Collection Talent appeared first on AccountsRecovery.net.

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How to Maximize Paying Taxes with a Credit Card for Points

Nerd Wallet

Can you pay taxes with a credit card? Yes — and with the right strategy, it can be a particularly lucrative decision for points and miles enthusiasts. Paying a giant tax bill likely doesn’t incite warm, fuzzy feelings. But if you make the most of it, you at least might be able to cozy up. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com.

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

Speaker: Erika R. Bales, Esq.

When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.

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Why Business Debt Recovery has a critical role to play

UK debt collections

It will come as no shock that the main objective of any business is to make more money than it loses. Staying in the black is essential for the longevity of business but there are times when debt can be the best option. Businesses using debt as a means to acquire additional assets is nothing new yet recent data revealed that 52% of UK businesses are now being crippled by toxic debts.

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FTC Enters Consent Agreement with Payment Processor for Opening Merchant Accounts for Fictitious Companies

Troutman Sanders

On March 15, the Federal Trade Commission (FTC or Commission) released a consent agreement with Electronic Payment Systems and its owners John Dorsey and Thomas McCann (collectively, EPS) for allegedly opening credit card processing merchant accounts for fictitious companies on behalf of Money Now Funding (MNF). The complaint filed against EPS alleges that it had opened 43 different merchant accounts for fictitious businesses on behalf of MNF, which aided that company in laundering millions of d

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5 Reasons to Be Optimistic About Your Summer Travel Plans

Nerd Wallet

For most Americans, summer 2020 entailed camping, getting away from crowds in a remote vacation rental or skipping travel completely and opting for a quarantine staycation. Then there was summer 2021, which was supposed to be the “hot vax summer.” That was until the COVID-19 delta variant put the kibosh on people’s big vacation plans. Sally French writes for NerdWallet.

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Oil Prices Dropping Quickly Despite Ongoing Russia-Ukraine Conflict

NACM

Oil prices fell below $100 barrel Wednesday, down from the 14-year-high of $130 per barrel it sat at just last week. However, gas prices remain mostly unchanged. The national average price for regular gas dropped by just two pennies from Monday to $4.31 a gallon on Wednesday, according to AAA. "It bears reminding that the cost of oil accounts for a.

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5 Gas Apps to Get You Through the Price Surge

Nerd Wallet

World events have gas prices through the roof. It might be time to download GasBuddy, GetUpside or a similar fuel-centric app. While there’s no silver bullet to supreme savings on this global commodity, a gas app can help you pinch pennies. To find the best options, NerdWallet considered apps with at least 3.9 stars out. Tommy Tindall writes for NerdWallet.

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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

Are you finding some snags in your collections process? With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.

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Humana Medicare Supplement Insurance 2022 Review

Nerd Wallet

Humana offers Medicare Supplement Insurance, or Medigap, in every state but Virginia, plus Washington, D.C., and Puerto Rico. Humana offers a lot of options for Medigap plan types, membership perks and extra insurance coverage beyond the Medicare benefits. However, its prices can be expensive, and complaint rates about Humana policies are significantly higher than the.

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What the Fed Rate Increase Means for Savings Accounts

Nerd Wallet

The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Federal Reserve officials raised the federal funds rate on Wednesday, March 16, for the first time in more than.

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How to Choose a Payment Processor for Your Business

Nerd Wallet

A payment processor enables a business to accept credit card, debit card and ACH payments from their customers. Payment processing companies offer a system that manages these transactions from the initial verification of card details to approval and transfer of funds. Whether card transactions are smoothly handled in seconds or become pain points for both.

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Travel Is Back, in Case You Missed It

Nerd Wallet

Many people are curious when travel will come back. This is a difficult question to answer, because in many ways it already has — travel is nearly back to pre-pandemic levels and has been for months. The number of passengers who entered Transportation Security Administration checkpoints in January and February of 2022 was down only. Sam Kemmis writes for NerdWallet.

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ERM Program Fundamentals for Success in the Banking Industry

Speaker: William Hord, Senior VP of Risk & Professional Services

Enterprise Risk Management (ERM) is critical for industry growth in today’s fast-paced and ever-changing risk landscape. When building your ERM program foundation, you need to answer questions like: Do we have robust board and management support? Do we understand and articulate our bank’s risk appetite and how that impacts our business units? How are we measuring and rating our risk impact, likelihood, and controls to mitigate our risk?

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Are You Ready to Pay $5 a Gallon for Gas?

Nerd Wallet

You can’t control oil prices, but you can control how you buy gas and how you drive. By making a few simple changes, you can reduce costs and squeeze more miles out of each gallon of precious fuel. As the Russia-Ukraine conflict has escalated, national gas prices have jumped 88 cents in the last month. Philip Reed writes for NerdWallet. Email: articles@nerdwallet.com.

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Best Medicare Advantage Plans in New York

Nerd Wallet

More than 3.7 million people in New York are signed up for Medicare, making it the fourth-largest U.S. state for Medicare beneficiaries. Medicare is the government health care program for people age 65 and older. Medicare Advantage is a bundled alternative to Medicare that offers all the same benefits and usually some extras, such as. Kate Ashford writes for NerdWallet.