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The Director of the Consumer Financial Protection Bureau has denied a petition from a credit repair organization to set aside a civil investigative demand it received from the Bureau, disagreeing with the premise that the CFPB’s request is unlawful because it could not bring an enforcement action against the company. A copy of the denial, … The post CFPB Denies Petition From Credit Repair Org. to Set Aside CID appeared first on AccountsRecovery.net.
We’re not fond of overused terms here but one we do feel is relevant during the year 2020, is that “now, more than ever,” it is mission critical to be getting paid for the work your business does and the services you provide. Regardless of the size of your organization, cash flow is something that has probably taken a hard hit during the COVID-19 pandemic and the economic fallout that came with it.
There's no question that businesses and cash flow have been affected by the recession and pandemic. Some companies have taken advantage of this time to pivot, rebrand or change focus to save their businesses and keep their customers happy. In the middle of all of that, you might be facing the stress of lacking resources necessary to keep going. You might also be surprised to learn that you actually already have the company funds you need.
Access to business credit can help smooth out cash flow, enable large equipment purchases, and give companies the capital they need when they need it. But in the same way that personal loans hinge on an individual’s credit score, business loans depend on a company’s business credit score. The higher an organization’s rating, the better. Below you’ll find ten reasons why having a good business credit score is so beneficial.
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.
A District Court judge in South Carolina has lifted the seal on two complaints filed by the Federal Trade Commission against debt collection operations that are accused of violating the Fair Debt Collection Practices Act by allegedly convincing unsuspecting individuals that lawsuits have been, or will soon be, filed against them if they do not … The post FTC Files Suits Against Alleged Collection Scammers appeared first on AccountsRecovery.net.
When the pandemic hit, a lot of companies started allowing staff to work from home — temporarily. But since then, a new trend has begun to emerge: More and more companies are allowing employees to work from remote locations permanently. For this new cohort of remote workers, this opens up a world — literally —. Josh Garber is a writer at NerdWallet.
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When the pandemic hit, a lot of companies started allowing staff to work from home — temporarily. But since then, a new trend has begun to emerge: More and more companies are allowing employees to work from remote locations permanently. For this new cohort of remote workers, this opens up a world — literally —. Josh Garber is a writer at NerdWallet.
Banks are accelerating their adoption of new digital debt collection tools in anticipation of a “tidal wave of consumer debt issues” when government stimulus programs end and financial institutions stop offering forbearance and loan deferral options. That’s the premise of a new article in American Banker highlighting a variety of technology-powered strategies banks are using to make debt resolution more automated, conversational, and empathetic.
If you are one of the millions who anticipated a second stimulus check from the federal government – and penciled $1,200 into the income side of your budget – you better hope that pencil has an eraser. The second stimulus check may never happen. And if it does, the earliest you’ll see it is sometime […]. The post Will There Still Be a Second Stimulus Check?
Even as many states are moving to ease collection restrictions that were put into place at the start of the coronavirus pandemic, the Virginia legislature is moving forward with a bill that would protect the economic stimulus payments received by individuals from being garnished by debt collectors. A number of states — including California, Vermont, … The post Garnishment Protection Bill Advances in Va.
If you’ve started a side gig to bring in some extra funds, you might be thinking about applying for a small-business credit card. Completing an online application for a credit card takes just minutes, but for small-business cards, you’ll have to answer a few extra questions. Some are obvious and others may seem like head-scratchers, but. Sara Rathner is a writer at NerdWallet.
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.
Before COVID-19, August meant most parents were gearing up to see their kids off to school and return to the normal schedules offered by fall. In 2020, you may be gearing up to handle school at home, take on a hybrid situation, or send your kids to school every day. Whatever your options are this year and in future years, one fact remains consistent: the start of the school year can be expensive.
When Congress left Washington in early August, they had yet to agree on the specifics of a second stimulus package. They reconvene Sept. 8, and if a deal is reached in the first days or week after returning, you could receive a second stimulus check by early October. That’s if the new coronavirus relief bill […]. The post $300 Federal Unemployment Benefits appeared first on Debt.org.
A husband and wife from Arizona have been permanently barred from using the U.S. telephone system to send automated telephone calls playing pre-recorded messages as part of a consent order with the Justice Department. A copy of the order in the case of United States of America v. Nicholas and Natasha Palumbo can be accessed … The post Justice Dept.
The Great Recession demolished jobs across the U.S., and it eventually came for mine, too. After graduating in 2009, I worked four months as an entry-level executive assistant at a nonprofit before being laid off. I had limited financial knowledge, a short work history and a lot to prove to break into the field of. Melissa Lambarena is a writer at NerdWallet.
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.
If you’re dealing with debt and considering filing for bankruptcy, it’s a good idea to get professional legal advice on how to handle the proceedings. There are countless scams and “credit repair” cons trying to take advantage of your situation when you need help the most. Credit counseling and debt management agencies may be able to assist you as you work, but with so many untrustworthy schemes out there, how do you know what the right step should be?
Since 2013, residential foreclosure actions in Florida have been significantly shortened—from over two (2) years to possibly less than six (6) months—because of the new “fast-track” process provided in section 702.10, Florida Statutes. This fast-track foreclosure process starts with the filing of a “verified” foreclosure complaint that sufficiently alleges standing, along with a certificate of possession of the original promissory note or a lost note affidavit, followed with a request for an ord
Hackers are getting wise to the fact that a lot of people are working from home due to the coronavirus pandemic and are seeking to take advantage of that fact by calling individuals and pretending to be IT workers from their companies, trying to trick the individuals into divulging sensitive and confidential information. The Federal … The post FBI, CISA Warn of Increase in Attacks on Remote Workers appeared first on AccountsRecovery.net.
Because of COVID-19, wait times for many credit card customer service lines are longer than usual, whether you’re calling to dispute a payment or to defer a payment. “The volume of contacts has increased" since many people have pandemic-related questions, says Emily Yellin, a journalist and author of “Your Call is (Not That) Important to Us.". Kimberly Palmer is a writer at NerdWallet.
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!
As noted futurist Faith Popcorn said (all the way back in 1991): “You can trust a crystal ball about as far as you can throw it.”. With respect to what is next for the global economy, everybody’s crystal ball seems cloudy at the moment. While we at FICO do not claim any unique foresight into what is ahead for the U.S. economy, we are well positioned to share how the FICO® Score has shifted during past instances of widespread financial stress, as well as how it could react to the current stresse
The Consumer Financial Protection Bureau issued a new Home Mortgage Disclosure Act analysis of the 2019 HMDA Data. This data article is the second in a series and follows the first article published in June of this year.
A District Court judge in New York has granted a defendant’s motion to dismiss after it was sued for violating the Fair Debt Collection Practices Act when it sent a collection letter to the plaintiff that allegedly included a number of misrepresentations, including multiple addresses that confused the plaintiff about how to dispute the debt, … The post Judge Grants MTD in FDCPA Case Over ‘Nitpicks’ in Collection Letter appeared first on AccountsRecovery.net.
Tens of thousands of people turn to Google every month to see if now is the time to invest. It’s a loaded question, especially this year: In late February 2020, the S&P 500 began a monthlong decline, finding what investors hope was the pandemic floor on March 23. Historically, it has taken an average of. Chris Davis is a writer at NerdWallet. Email: cdavis@nerdwallet.com.
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.
Key Takeaways. Bankruptcy will destroy your credit and remain on your credit report for up to 10 years. In many cases, you may also lose certain secured assets like homes and cars in a liquidation to pay your creditors some of what you owe. You must qualify to file for bankruptcy, and your income must meet an income means test. Each state has a different income level for qualification.
The Consumer Financial Protection Bureau released a guide to assist intermediaries in serving individuals to access their Economic Impact Payments (EIPs).
Valor Intelligent Processing (VIP), based in Jacksonville, Fla., recently completed its first-ever acquisition, purchasing Credit Protection Association (CPA), a collection and business-process outsourcing company based in Dallas. Gordon Beck, the president and chief operating office of VIP, sat down with AccountsRecovery.net to discuss the transaction, how it came to pass, and what it’s been like … The post EXCLUSIVE: VIP’s Gordon Beck Shares Details of Company’s First A
Consumer Education Services Inc. offers many common credit counseling services by phone or online, including debt management plans, student loan counseling and housing counseling. CESI is headquartered in Raleigh, North Carolina, and offers services in all 50 states and Puerto Rico. CESI may be a good fit if you: Prefer an online experience. CESI offers.
What’s holding finance teams back isn’t just process inefficiency. It’s culture gaps, reactive mindsets, and missed opportunities to lead real change. In an era of disruption, finance leaders can no longer afford to operate on autopilot and the most resilient teams aren’t just efficient—they’re connected, talent driven, and culture-focused. Join Melissa Hurrington for an exploration into how finance leaders can evolve beyond process and numbers to create adaptive, people-powered teams that thriv
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