Wed.Oct 12, 2022

article thumbnail

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.

article thumbnail

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.

116
116
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

More Trending

article thumbnail

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.

245
245
article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

93
article thumbnail

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.

article thumbnail

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.

Lender 52
article thumbnail

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.

85
article thumbnail

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

52
article thumbnail

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.

article thumbnail

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?

article thumbnail

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.

5
article thumbnail

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.

Loans 75
article thumbnail

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.

article thumbnail

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.

Banks 73
article thumbnail

You Put in a Full Work Week. Shouldn’t Your Collections Software Do the Same?

Discover a modern, cloud-based collection system that never takes a rest day. MeridianLink® Collect is an intuitive platform with advanced customization options developed to simplify the collections process. Here are four ways MeridianLink Collect can support your team: Omnichannel communications Compliance rules & checklists Workflows & queues One interface with supporting integrations And that’s just the start.

article thumbnail

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.

67