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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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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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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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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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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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4 Things Retailers Can Do to Prepare for Holiday Shoppers

Nerd Wallet

Even though we’re only at the tail end of summer, retailers have already spent months gearing up for the holiday shopping season. And due to a tornado of factors — including inflation, supply-chain woes and consumer spending habits that changed during COVID-19 lockdowns — retailers are looking ahead to a shopping season that promises to.

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Retail Insurance: What It Is, How to Get It for Your Business

Nerd Wallet

Most retail stores should have general liability and commercial property insurance to protect their businesses against common risks, such as customer injuries and property damage. In fact, in order to rent retail space, a landlord may require proof of both types of small-business insurance before approving your lease application.

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