Fri.Jun 10, 2022

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CFPB Opens Inquiry Into Employer-Driven Debt

Account Recovery

The Consumer Financial Protection Bureau yesterday announced it has opened an inquiry and is soliciting information from the public regarding debts that are owed by employees to their employers, often through requirements that employees pay for equipment, training, or other supplies. A copy of the announcement can be accessed by clicking here. The announcement from … The post CFPB Opens Inquiry Into Employer-Driven Debt appeared first on AccountsRecovery.net.

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What to Look for in a B2B Debt Collections Agency

Enterprise Recovery

When your business contracts with another business, there's an expectation that both parties will honor their obligations, including paying on time. If your clients or business partners aren't following through, your accounts receivable department must devote time and resources in an attempt to collect. Or you can outsource the problem to a collections agency that focuses on this type of debt and respects your client/business relationship.

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Economic Data Continues to Show More Consumers Struggling to Make Ends Meet

Account Recovery

In yet another sign that consumers are struggling financially, the number one reason why online payments declined in April was because of insufficient funds in their accounts, according to a published report. More than one-quarter of consumer payment declines were due to insufficient funds, compared with 18% in March, according to the report. After insufficient … The post Economic Data Continues to Show More Consumers Struggling to Make Ends Meet appeared first on AccountsRecovery.net.

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How I Ditched Debt: From $20K to $0 in Five Years and 8 Steps

Nerd Wallet

In this series, NerdWallet highlights people’s debt payoff journeys. This month, Kenley Young recounts how he combined lots of tools for cutting debt, with knowledge he gained working at NerdWallet, to wipe out credit card debt. Kenley Young Paid off: More than $20,000 in 5 years In the first week of 2022, I checked off. Kenley Young writes for NerdWallet.

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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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CFPB Goes After Scammer Who Took Money From Consumers Scammed By Someone Else

Account Recovery

If you are going to scam consumers, why go to the hassle of trying to find new ones? Why not just scam people who have already been scammed? That appears to be what Frank Gebase did, and it resulted in a lawsuit being filed against him and the company he operated by the Consumer Financial … The post CFPB Goes After Scammer Who Took Money From Consumers Scammed By Someone Else appeared first on AccountsRecovery.net.

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Daily Digest – June 10. CFPB Goes After Debt Relief Scammer; 25% of Consumers Impacted by ID Theft

Account Recovery

CFPB GOES AFTER SCAMMER WHO TOOK MONEY FRON CONSUMERS SCAMMED BY SOMEONE ELSE If you are going to scam consumers, why go to the hassle of trying to find new ones? Why not just scam people who have already been scammed? That appears to be what Frank Gebase did, and it resulted in a lawsuit … The post Daily Digest – June 10. CFPB Goes After Debt Relief Scammer; 25% of Consumers Impacted by ID Theft appeared first on AccountsRecovery.net.

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5 Smart Ways to Stay Connected When Traveling Abroad

Nerd Wallet

We live in an ultra-connected world. Most Americans are now accustomed to always being online, with a majority of Americans (53%) admitting to regularly using their phone in bed before going to sleep, according to a 2021 study by Contentsquare, an analytics company. For some, the thought of disconnecting to go on an international trip. JT Genter writes for NerdWallet.

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25% of Consumers Impacted by ID Theft in 2021: Report

Account Recovery

One-quarter of Americans were impacted by identity theft in some way in 2021, according to a report that was issued this week. The 25% who were impacted was down slightly from 27% — a record high — that was recorded in 2020, as scammers turned their attention back to consumer financial products from government subsidy … The post 25% of Consumers Impacted by ID Theft in 2021: Report appeared first on AccountsRecovery.net.

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Are Business Grants Taxable?

Nerd Wallet

Grants provide free money you don’t have to repay — making them a highly desirable form of business funding. However, though they don’t require repayment, small-business grants may have tax implications for your business. Here’s everything you need to know. Most business grants are taxable A business grant is usually considered taxable income — unless.

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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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Five Stories that Matter in Michigan This Week – June 10, 2022

Fraser

Five Stories that Matter in Michigan This Week – June 10, 2022; Legal, Legislative, and Regulatory Insights. Wayne County Announces $54 Million Fund for Small Businesses. A new $54 million fund to support small businesses, called the Wayne County Small Business Hub, was announced at last week’s Detroit Regional Chamber’s Mackinac Policy Conference (“Mackinac Conference”).

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How to Tell if Free Business Software Will Cost You

Nerd Wallet

Free business software for services like accounting, marketing and email can be tempting. But when choosing small-business software, it’s important to consider its long-term fit — not just its price tag. “There’s an advantage in paying upfront and trying to find the right solution that can meet the business’s needs where they’re at, but also. Hillary Crawford writes for NerdWallet.

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CFO: finance professional becomes analytical and communicative leader

On Guard

Amsterdam – The finance professional who wants to remain relevant in the future must develop his analytical, leadership and communication skills. No fewer than 39 per cent of CFOs say that analytical skills are currently the most important skill in their team. In the future, however, this skill will no longer win out over leadership skills. Whereas 29% of CFOs now say that this skill is necessary, in the future leadership will share first place with analytical skills (36%).

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Home Warranty Companies: How They Compare

Nerd Wallet

Home warranty companies offer some protection against the unexpected expense of repairing or replacing your home’s appliances and systems when they break down due to normal wear and tear. You’ll have to regularly maintain these units in order to qualify for coverage, and you are responsible for paying a fee for each service call (usually. Taylor Getler writes for NerdWallet.

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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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The Hidden Dangers of Using Personal Credit Cards for Business Expenses

Direct Recovery

When you first start a new business, you might be so focused on building and growing that business that you never bother to worry about how you are paying the expenses of that new company. This can be a huge mistake! Many new business owners jump in headfirst without creating a plan for how that business will operate financially. Many of them make the mistake of using their personal credit cards for business expenses.

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Used Car Search Pro App Review: Find a Car

Nerd Wallet

Used Car Search Pro by iSeeCars has a user-friendly, minimalist interface and a search function with dozens of filters not often seen in car-buying apps. Filters include headroom and legroom, for example, and truck-specific options for towing capacity, bed length and cab size. Additionally, the app offers several tools that show you whether you’re getting.

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California Approves Final Commercial Financing Disclosure Regulations and Sets Compliance Deadline

Troutman Sanders

On June 9, California’s Office of Administrative Law approved commercial financing disclosure regulations (Regulations) which require consumer-like disclosures for certain commercial financing products such as small business loans and merchant cash advances. With this final step completed, the Regulations from the Department of Financial Protection and Innovation (DFPI) will become effective on December 9, 2022, completing a process that began with the passage of SB 1235 in 2018.

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Compare health insurance quotes

Nerd Wallet

About this tool This tool provides an easy way to compare health insurance quotes for individual health plans. Individual health insurance plans are policies you buy on your own, rather than through work. This tool shows plans that are offered through state and federal health insurance marketplaces. If you qualify for tax subsidies to lower your monthly.

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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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Online fashion giant served with winding up petition

UK debt collections

Leading online UK fast-fashion retailer Missguided has been served with a winding up petition due to unpaid debts. The company is said to be the brink of collapse with millions of unpaid business debts owed to suppliers. It is claimed that Office workers at the online brand have stopped answering the phones as angry suppliers and debt collection agencies continually call demanding payment, a source within the company claims.

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Top Small-Cap ETFs for June 2022

Nerd Wallet

If you’re looking to add smaller companies to your investment portfolio, small-cap ETFs make it easy to invest in lots of small-cap companies at once. Small-cap ETF definition A small-cap ETF is a type of exchange-traded fund that invests in small companies whose value is less than $2 billion. And while $2 billion may sound. Alana Benson writes for NerdWallet.

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Why Is Cash Flow Management Important?

Taurus Collect

Cash flow management indicates the tracking of money inflowing into your business against outgoings or expenses. If done accurately, it offers you an entire picture of the cost versus revenue of your business, enabling you to analyze whether you have adequate funds to pay your bills while making profits. Thus, by effectively understanding your cash flow, you will be able to forecast your organization’s profits more accurately while identifying the opportunities for investments.

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Global Entry vs. Nexus: Which Is Better?

Nerd Wallet

After a red-eye flight or a long car ride, it’s not ideal to be stuck in a long line at customs or the border. A trusted traveler program like Global Entry or Nexus can get you where you’re going faster. Are Global Entry and Nexus the same? No — but they are similar. When comparing. June Casagrande writes for NerdWallet. Email: travel@nerdwallet.com.

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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!

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Special Episode of Extra Credit Podcast

NACM

?? This week we have a special episode of our Extra Credit #podcast … we take you to Louisville, KY where nearly 1000 business-to-business professionals and vendors gathered for NACM's 126th Annual Credit Congress earlier this week.Copy and paste the link to listen: [link].

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How to Buy Palantir Stock (PLTR)

Nerd Wallet

Palantir Technologies is a Denver-based data analytics firm that trades under the PLTR ticker symbol. It is widely known for its software platforms — Foundry, Gotham and Apollo — used by many big-name corporations and government agencies for everything from fraud detection to counter-terrorism. Founded in 2003, Palantir has been private for most of its.

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Wellcare Medicare Part D 2022 Review

Nerd Wallet

Wellcare is part of Centene Corp., which is the second-largest company offering Medicare Part D plans. About 4.2 million Medicare beneficiaries have Wellcare Part D plans as of April 2022. Wellcare’s Part D plans are relatively inexpensive, but their ratings aren’t great. They have a below-average overall star rating from the Centers for Medicare & Alex Rosenberg writes for NerdWallet.

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How to Get a Business Loan Without Collateral

Nerd Wallet

Business loans that don’t require collateral come in a variety of forms, including online loans, bank loans, Small Business Administration loans, invoice financing, equipment financing and inventory financing. That’s the good news. The bad news is that, in place of collateral, lenders will often raise interest rates and fees, or require a personal guarantee or.

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How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?