Wed.Apr 20, 2022

article thumbnail

Daily Digest – April 20. Ed. Dept. Moves 4M Borrowers Closer to Debt Forgiveness; CFPB Report Spotlights Issues for Rural Communities

Account Recovery

ED. DEPT. MAKES CHANGES, MOVES 4M BORROWERS CLOSER TO DEBT FORGIVENESS The Department of Education yesterday announced a series of changes to “bring borrowers closer” to having their loans forgiven under a pair of programs, which also resulted in the immediate cancellation of student loan debts for 40,000 individuals. An additional 3.6 million individuals will … The post Daily Digest – April 20.

article thumbnail

3 Ways to improve your finances during financial literacy month

American Profit Recovery

April is Financial Literacy Month and if you are a consumer that is struggling to meet your financial obligations, this is a chance for you to educate yourself on ways you can improve your financial health. There are so many ways available to consumers to get back on track and not be in debt anymore. It just takes a little commitment on your part and a willingness to free yourself from the burden of debt.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Ed. Dept. Makes Changes to Programs, Moves 4M Borrowers Closer to Debt Forgiveness

Account Recovery

The Department of Education yesterday announced a series of changes to “bring borrowers closer” to having their loans forgiven under a pair of programs, which also resulted in the immediate cancellation of student loan debts for 40,000 individuals. An additional 3.6 million individuals will receive at least three years of additional credit toward having their … The post Ed.

article thumbnail

CFPB and NY Attorney General Sue Repeat Offender MoneyGram For Leaving Families High and Dry

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) and New York Attorney General Letitia James today announced they are filing a lawsuit against MoneyGram International, Inc. and MoneyGram Payment Systems, Inc. (MoneyGram)—one of the largest remittance providers in the U.S.—for systemically and repeatedly violating various consumer financial protection laws and leaving families high and dry.

110
110
article thumbnail

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.

article thumbnail

CFPB Report Spotlights Issues for Rural Communities

Account Recovery

The Consumer Financial Protection Bureau yesterday released a report spotlighting the financial challenges facing individuals living in rural communities, representing about 14% of the total population of the United States, are far more likely to conduct their banking in person than they are over the phone or online even though people living in rural communities … The post CFPB Report Spotlights Issues for Rural Communities appeared first on AccountsRecovery.net.

Banks 245

More Trending

article thumbnail

Calif. Supreme Court Declines to Overturn Injunction Barring Bail Bonds Company From Collecting on $38M

Account Recovery

The Supreme Court of California has declined a request to hear arguments in a case that halted a bail bonds company from attempting to collect on $38 million in unpaid debt because individuals were not provided the proper disclosures in advance. The Supreme Court did not provide a reason why it declined to hear arguments … The post Calif. Supreme Court Declines to Overturn Injunction Barring Bail Bonds Company From Collecting on $38M appeared first on AccountsRecovery.net.

article thumbnail

Lavu POS Review 2022: Pros, Cons, Alternatives

Nerd Wallet

Lavu is a point-of-sale, or POS, system for restaurants. Its software includes features that cater to food businesses — such as letting you manage meal orders in person and online and tracking menu performance. Lavu also sells hardware and offers payment processing services. Consider Lavu if you want an all-in-one or customizable restaurant POS system.

92
article thumbnail

25 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 25 Companies Seeking Collection Talent appeared first on AccountsRecovery.net.

article thumbnail

6 Alternatives to Airbnb for When You Want Other Options

Nerd Wallet

Maybe you have experienced your own horror story at an Airbnb rental. Maybe you are sick of the high cleaning fees and poor cancellation policies. Maybe you’re comparison shopping for an upcoming trip. Whatever the reason, it’s worth considering other vacation rental platforms beyond the biggest one in the industry. Airbnb is truly a behemoth. Sam Kemmis writes for NerdWallet.

89
article thumbnail

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.

article thumbnail

How to File a Dispute with TransUnion

Better Credit Blog

For most of us, working hard to achieve and maintain a good credit score is an inescapable part of modern life. Checking the credit reports of potential employees (with their permission) is an established practice for businesses. In a survey conducted in 2012, 1 in 7 respondents said they’d been denied a job because of a blemished credit history. Additionally, 1 in 8 respondents said that their poor credit score was due to “errors” in their report.

article thumbnail

When Does It Make Sense to Buy Points & Miles?

Nerd Wallet

Every week, it seems like another airline or hotel is touting buying points or miles. We’ve recently seen promotions from a 45% discount on buying United Airlines MileagePlus miles to a whopping 145% bonus when purchasing Avianca Airlines LifeMiles. But is buying frequent flyer miles a good deal? That depends on a number of factors. JT Genter writes for NerdWallet.

82
article thumbnail

Debt Collection quotes and what you should look for

UK debt collections

Getting Debt Collection quotes is on the rise in the UK as is the use of debt collection agencies. The first Debt Collection quotes site in the UK was launched in 2013. Best4debtcollection.co.uk (Best4) was launched to marry creditors with suitable debt collection agencies. Since its launch nearly 10 years ago, Best4 has helped thousands of Businesses and personal individuals recover what they are owed.

article thumbnail

5 Things to Know About Ollo Credit Cards

Nerd Wallet

The credit card company Ollo offers two card options for consumers — one designed as a credit-building product and one that earns rewards. The Ollo Platinum Mastercard ($0 annual fee). The Ollo Rewards Mastercard ($0 to $39 annual fee). The cards, issued by the Bank of Missouri, are invitation-only as of this writing, meaning that. Funto Omojola writes for NerdWallet.

Banks 82
article thumbnail

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.

article thumbnail

Director Chopra’s Prepared Remarks on the Lawsuit Against MoneyGram

Consumer Finance

Millions of individuals from around the world sacrifice proximity to their loved ones to seek a better life and financial stability in our country. But they know that on the other side, when their money transfers are received, they are supporting elderly parents, siblings, spouses, and sometimes their own young children. Each year, American families send more than $100 billion abroad using international money transfers, also known as remittances.

60
article thumbnail

Get Home Insurance Quotes

Nerd Wallet

Frequently asked questions What is homeowners insurance? A homeowners policy is insurance that protects you financially if a fire damages your home, someone steals your belongings or another catastrophe strikes. Homeowners insurance is generally required by mortgage lenders. What does homeowners insurance cover? Homeowners insurance typically covers your house and everything in it from damage.

article thumbnail

CFPB Signals Increased Scrutiny Over Education Lenders

Troutman Sanders

On April 18, the Consumer Financial Protection Bureau (CFPB or Bureau) published a blog post , scrutinizing the practice of withholding transcripts from students with delinquent accounts and who are attending an institute of higher education. The practice of withholding transcripts as a collections tactic has never been popular with regulators or consumer advocates.

article thumbnail

Discover Will Now Monitor Sites That Collect, Sell Your Data

Nerd Wallet

Discover has launched an Online Privacy Protection benefit for debit and credit cardholders that will help remove their personal information from several “people-search” websites that legally gather and sell it. The benefit will be rolling out in stages over the next few weeks to customers who enable it in Discover’s mobile app. » MORE: NerdWallet’s.

article thumbnail

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.

article thumbnail

SEC Reveals Internal Security Incident

Troutman Sanders

On April 5, the Securities and Exchange Commission (SEC) announced that two employees improperly accessed adjudicatory materials for cases being litigated in the agency’s in-house court system. The access occurred in 2017, and the SEC stated the breach “did not impact the actions taken by the staff investigating and prosecuting the cases or the commission’s decision-making in the matters.”.

article thumbnail

How to Make Summer 2022 Travel Plans That Actually Happen

Nerd Wallet

After two years of cancellations, deferments and marathon sessions with airline customer service, many travelers are hoping to book summer trips that actually pan out this year. “I had the month of May 2020 completely off work,” says Katharine Ng, an engineering program manager in Los Angeles. Ng planned to visit Europe and Morocco but. Sam Kemmis writes for NerdWallet.

72
article thumbnail

Inaugural episode of Consumer Law and Economic Justice Podcast now available

Public Citizen

Here. The first episode features a conversation with Abbye Atkinson, professor at Berkeley Law, about her article, Borrowing Equality, published in the Columbia Law Review, and the relationship among credit, debt, social relationships, inequality, and what should be done to pave the way for a better world for borrowers. The podcast will broadcast conversations with consumer scholars and practitioners about their work and the latest consumer and economic justice issues.

45
article thumbnail

????????????????? ???????????????

Consumer Finance

?????????CFPB????????Letitia James?????????????????????MoneyGram International, Inc.?MoneyGram Payment Systems, Inc.?????????MoneyGram????????????????????????????????????????????????????????????????????????????.

40
article thumbnail

Future-Proof Your Firm: Smarter Tech for Stronger Returns & Simpler Workflows

Speaker: Joe Wroblewski, Senior Sales Engineer

Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!

article thumbnail

City of Detroit Votes to Approve Licensed Adult-Use Recreational Cannabis Sales

Fraser

The Detroit City Council recently voted to allow adult-use cannabis sales in the city, following a preliminary injunction issued by U.S. District Judge Bernard Friedman in June 2021 that halted Detroit’s controversial recreational marijuana licensing program indefinitely. On April 5, 2022, the Detroit City Council members voted to approve the revised ordinance that will go into effect beginning April 20, 2022.

40
article thumbnail

El CFPB y la fiscal general de Nueva York demandan a MoneyGram, infractor reincidente, por dejar varadas a familias.

Consumer Finance

La Oficina de Protección Financiera del Consumidor (CFPB, por sus siglas en inglés) y la Fiscal General de Nueva York, Letitia James, anunciaron hoy que presentarán una demanda contra MoneyGram International, Inc. y MoneyGram Payment Systems, Inc. (MoneyGram), uno de los mayores proveedores de remesas en los EE. UU., por violar sistemática y repetidamente varias leyes de protección financiera del consumidor y dejar a familias varadas.

40
article thumbnail

Role of US Dollar Could be Changing

NACM

The U.S. dollar has remained the world's reserve currency since 1944 and is used in roughly half of all financial transactions, according to Kellogg Insight. But the dollar's status in global trade may be in jeopardy as countries begin diversifying their reserves with alternative currencies as a form of economic protection. "We might see an erosion.

Trade 5