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Retailers Making Millions on Cash Back Fees: CFPB

Account Recovery

Consumers are paying “tens of millions” of dollars in fees to “access their own money” when getting cash back at retail operations, according to a report released yesterday by the Consumer Financial Protection Bureau. What to watch: How consumers respond to these fees could shape future retail and banking strategies.

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CFPB Report Finds Large Retail Chains Charging Cash-back Fees to Customers Using Debit and Prepaid Cards

Consumer Finance

The CFPB published a new report finding Americans are paying tens of millions of dollars in fees to access their own money when getting “cash back” at large retail stores when making a purchase with a debit or prepaid card.

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Retail Insolvencies continue to rise in the UK

UK debt collections

Retail Insolvencies are expected to continue to rise according to latest industry expert findings. Less than two months into 2024 and six UK retailers have already gone bust, with a further two warning they may fall into trouble, as experts warn the market will “continue to see an uptick in retail insolvencies”.

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Daily Digest – May 28. Washington Appeals Court Overturns Dismissal Against Collection Law Firm; Illinois Legislature Passes Bill Prohibiting Collection of Coerced Debt

Account Recovery

… Answering the question of whether to leave chargers plugged in all the time … More than half of Americans admit to regularly engaging in “ghostworking” … More Americans are moving to this country than anywhere else … Everyday moves to help you live a healthier and happier life.

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Judge Grants MTD in FDCPA Case Over ID Theft

Account Recovery

The background: The case stemmed from a credit card account fraudulently opened in the plaintiff’s name with a retailers branded credit card. The plaintiff reported the identity theft to local authorities and notified the issuing bank, requesting the accounts closure.

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Lightspeed Retail POS Review 2021: Features, Pricing and Alternatives

Nerd Wallet

Lightspeed Retail is a point-of-sale system for brick-and-mortar retailers, providing both the software and hardware a business owner needs to run transactions. Lightspeed Retail is a good match for medium and large-sized businesses —. Lightspeed Retail is a good match for medium and large-sized businesses —.

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Daily Digest – August 28. Judge Grants MTD in FCRA Case Over Missed Payments; Retailers Making Millions on Cash Back Fees: CFPB

Account Recovery

Judge Grants MTD in FCRA Case Over Missed Payments Retailers Making Millions on Cash Back Fees: CFPB Payment Vaulting Key to Reducing Failed Transactions 26 Companies Seeking Collection Talent Weave Enhances Payment Product Suite with Payment Reminders WORTH NOTING: Will watching a YouTube video help get the water out of your wet phone?

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