Wed.Oct 12, 2022

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Daily Digest – October 12. Collection Operation to Forgive $23M in Debts; Banned Collector Facing Five Years in Prison

Account Recovery

COLLECTION OPERATION TO FORGIVE $23M IN DEBTS UNDER ENFORCEMENT ACTION WITH N.C. AG A group of defendants — no stranger to enforcement actions — has agreed to forgive $23 million in payments, refund $225,000 to consumers, and pay $30,000 in fines after being sued for allegedly engaging in illegal collection practices. The defendants are also … The post Daily Digest – October 12.

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CFPB Report Finds High Fees Charged on Student Banking Products Endorsed by Colleges

Consumer Finance

Some financial institutions and colleges may be steering students to more expensive financial products.

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23 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 23 Companies Seeking Collection Talent appeared first on AccountsRecovery.net.

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Yes, You Can Still Travel on a Budget During Inflation

Nerd Wallet

I heard a podcast last week about how runaway inflation in Argentina has caused everyone to party more. Why? When inflation gets really bad, there’s no reason to save cash for a later date since it will only get less valuable. So Argentines tend to spend their paychecks as soon as they come in, filling. Sam Kemmis writes for NerdWallet. Email: skemmis@nerdwallet.com.

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

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Collection Operations to Forgive $23M in Debts Under Enforcement Order with N.C. AG

Account Recovery

The Attorney General of North Carolina has announced a consent judgment with the president and chief executive officer of two debt collection companies — and the companies, as well — that will see the forgiveness of $23 million in unpaid debts, $225,000 in restitution to consumers, and nearly $30,000 in fines and legal costs after … The post Collection Operations to Forgive $23M in Debts Under Enforcement Order with N.C.

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More Americans Paying Bills Late. Which Bills Get Pushed to the Side First?

Account Recovery

Nearly one-third of Americans have paid a bill late in the past six months and nearly two-thirds of those who have said it was because they did not have the funds to make the payment, according to data released last week by LendingTree. Utility bills are the most likely bill not to get paid, according … The post More Americans Paying Bills Late.

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Risk-Aware Marketing to Personalize Telco Customer Engagement

Fico Collections

Home. Blog. FICO. Risk-Aware Marketing to Personalize Telco Customer Engagement. Here's how technology from the banking space can help telcos compete with aggressively competitive sales and retention tactics. FICO Admin. Tue, 07/02/2019 - 02:45. by Tim Young. expand_less Back To Top. Wed, 10/12/2022 - 15:35. Telcos are entering a brave new world of aggressively competitive sales and retention tactics.

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Banned Collector Facing Five Years in Prison Following Guilty Plea

Account Recovery

Greg MacKinnon, who was part of a group of collectors that were permanently barred from collections back in 2018, yesterday pleaded guilty in federal court to charges of conspiring to defraud the government out of more than $3 million in unpaid taxes. Sentencing guidelines recommend that MacKinnon serve five years in prison and be fined … The post Banned Collector Facing Five Years in Prison Following Guilty Plea appeared first on AccountsRecovery.net.

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The Single Busiest Day to Fly Around Thanksgiving

Nerd Wallet

Thanksgiving week tends to draw major airport crowds. Coupled with inevitable weather delays and sometimes infrequent flyers, it can be a brutal time to travel. Not to mention, the conventional wisdom to fly on Tuesdays won’t necessarily save you much money. But some days within Thanksgiving week are significantly busier than others. If you can. Sally French writes for NerdWallet.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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A message from our President & CEO following the 2022 Prosperity Summit

Prosperity Now

A message from our President & CEO following the 2022 Prosperity Summit What a pleasure it was to host champions

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Flyers Can Now Earn Delta SkyMiles on Starbucks Purchases

Nerd Wallet

Here’s a new way to earn Delta SkyMiles. Delta Air Lines today announced a partnership with Starbucks that allows customers to earn Delta SkyMiles for their spending, as well as bonus Starbucks Stars on days they fly with Delta. How the Delta-Starbucks partnership works You’ll have to link your Delta SkyMiles and Starbucks loyalty accounts. Sally French writes for NerdWallet.

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The CFPB’s Focus on Crypto and Payments

Troutman Sanders

In this episode of The Crypto Exchange , Troutman Pepper Consumer Financial Services Partner Kalama Lui-Kwan welcomes back Keith Barnett and Carlin McCrory to discuss recent interviews by Rohit Chopra from the CFPB related to consumer protection issues, true lender, actions against repeat offenders, as well as P2P platforms and the CFPB’s stance on fees.

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Friendly Reminder: Celebrity Crypto Endorsements Don’t Mean Much

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. Cryptocurrencies’ journey this year from the moon back to Earth has slammed the brakes on a peculiar phenomenon of.

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Agent Tooling: Connecting AI to Your Tools, Systems & Data

Speaker: Alex Salazar, CEO & Co-Founder @ Arcade | Nate Barbettini, Founding Engineer @ Arcade | Tony Karrer, Founder & CTO @ Aggregage

There’s a lot of noise surrounding the ability of AI agents to connect to your tools, systems and data. But building an AI application into a reliable, secure workflow agent isn’t as simple as plugging in an API. As an engineering leader, it can be challenging to make sense of this evolving landscape, but agent tooling provides such high value that it’s critical we figure out how to move forward.

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Q3 Industry Insights: Economic Challenges, Compliance Considerations and a Silver Lining

True Accord

As we roll toward the end of 2022, the economic landscape continues to weigh on consumers, and companies who lend to or service those consumers are preparing for what’s to come. Simultaneously, regulatory activity in the debt collection space has also been on a roll as organizations try to make sense of how technology can (and should) be used to innovate the industry.

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CarGurus App and CarOffer Review: Find a Car, Sell a Car

Nerd Wallet

The bottom line: CarGurus gives shoppers access to a wide variety of dealer and private-party sale listings. CarGurus CarOffer allows users to sell their cars or accept an instant cash offer from a dealer. Jump to: CarGurus app review CarGurus CarOffer review What is CarGurus? CarGurus is an online car-shopping platform that allows dealers and. Benjamin Din writes for NerdWallet.

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Wholesale Inflation Grew 0.4% in September, more than Expected

NACM

Wholesale inflation rose in September following two consecutive months of decline. "Two months of plunging gas prices in July and August helped turn producer price inflation negative after the steep rise in energy prices over April and May pushed it toward record levels," reports The Hill.On Wednesday, the Labor Department announced that its produc.

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Synchrony Bank CD Rates: How They Compare

Nerd Wallet

+ See a summary of Synchrony CD rates Synchrony Bank CD rates 2022 1-year: 3.46% APY 3-year: 3.81% APY 5-year: 3.81% APY 24-month bump-up: 2.75% APY 11-month no-penalty: 2.40% APY Synchrony Bank has among the highest rates for certificates of deposit among online banks, and there’s no minimum opening deposit. The bank also offers two. Spencer Tierney writes for NerdWallet.

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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

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How to Search and Book Amazing Turkish Airlines Miles&Smiles Awards

Nerd Wallet

Turkish Airlines Miles&Smiles is one of the “sweetest” loyalty programs in the points and miles ecosystem. Amazing sweet spots to redeem Turkish miles include award flights to Hawaii from 7,500 Miles&Smiles miles and 45,000-mile business class awards to Europe. Because of its low-cost award flights, the program is frequently featured in NerdWallet’s Partner Award Booking.

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