Sat.May 22, 2021 - Fri.May 28, 2021

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Overcoming data overwhelm in the finance department

On Guard

Data is now the lifeblood of business. Driving digital transformation initiatives across finance departments requires visibility of data assets and the right technology in place to truly harness it. Hurdles however stand in the way, with only 5% of finance professionals stating that their organisation is fully data driven. Data is now entering organisations from all sides and is rapidly growing in volume, with consumption worldwide predicted to double from 74 zettabytes in 2021 to 149 zettabytes

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How Millennials Prefer to Communicate, According to Arbeit

Arbeit Software

We wanted to share some updated data & insight on how millennials prefer to communicate inside & outside of the workplace. Who better to ask than the millennials on our team at Arbeit?

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Inflation: What It Is and Why It Matters

Nerd Wallet

If you’ve ever heard someone say something like, “I remember when a soda pop only cost me a nickel,” there’s one big reason: inflation. Because of inflation, the price of a bottle of Coca-Cola has increased twelvefold since it debuted in 1886. Understanding what inflation is and how it affects you can be useful when. Tiffany Lam-Balfour writes for NerdWallet.

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Collection Agency Owner Pleads Guilty to Wire Fraud, Tax Evasion

Account Recovery

The owner of a Kentucky collection agency is facing up to 20 years in prison after pleading guilty to charges of wire fraud and tax evasion. Kevin Welsch, who owned and operated RCC Services, admitted to defrauding clients by collecting debts on behalf of creditors and keeping the money for himself. He also admitted to … The post Collection Agency Owner Pleads Guilty to Wire Fraud, Tax Evasion appeared first on AccountsRecovery.net.

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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?

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Is your consulting firm losing cash flow? 4 tips to get back on track

American Profit Recovery

If you are running a professional services firm or a consulting agency, we know that you are working closely with your clients and have far more interaction than other industries. This can include law firms, management consulting firms, marketing agencies, and others. Because you are constantly working on behalf of these clients, you’ve also built a working relationship.

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5 Ways to Help Small Businesses Recover From the Pandemic

Nerd Wallet

When the COVID-19 pandemic hit, communities around the U.S. rallied to help small businesses by launching “shop local” initiatives, purchasing gift cards and starting fundraising campaigns. Now that states have begun to roll back social distancing restrictions and vaccination rates continue to climb, small businesses still need continued support. “When we shop local, the statistics.

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TSI Buys Assets From Performant

Account Recovery

For the second time in two months, Performant Financial Corp. has sold off some of its assets, this time selling parts of its business — including customer contracts — to Transworld Systems Inc. (TSI). Terms and specifics of the deal were not disclosed. Back in March, Performant announced it had sold some of its recovery … The post TSI Buys Assets From Performant appeared first on AccountsRecovery.net.

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Lowering the stress level in your small business

American Profit Recovery

While running any type of small business can be stressful and cause business owners some type of anxiety, this past year during the coronavirus pandemic has caused more business owners and small business operators some of the hardest stress we have all seen in recent times. We worry about small business cash flow, hiring, and firing, regulations, permitting, community relations and so much more.

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It’s 2021. Do You Know What Your AI Is Doing?

Fico Collections

Responsible AI has been one of my big topics for a few years now, the subject of many articles, blogs and talks I’ve given to audiences around the world. So how are companies faring in adopting Responsible AI, making sure they are using artificial intelligence ethically, transparently, securely and in their customers’ best interests? The short answer: not great.

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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20 Best Seasonal Business Ideas for Warm Weather

Nerd Wallet

When the cold weather breaks and the sun begins to stay out later, many enterprising people ask themselves the same question: What are the best seasonal business ideas? After all, higher temperatures mean customers are out and about, looking for a bit of sunshine in their lives after a long and dreary winter. If you’re. Brian O'Connor writes for NerdWallet.

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Daily Digest – May 28. Briefs in Support of Hunstein Petition Start Rolling in; Judge Approves Settlement in FDCPA Class Action

Account Recovery

BRIEFS IN SUPPORT OF HUNSTEIN PETITION START ROLLING IN Companies and organizations across the accounts receivable management industry are starting to line up behind the defendant in Hunstein v. Preferred Collection and Management Services, filing amicus briefs supporting the defendant’s petition for an en banc re-hearing before the entire Eleventh Circuit Court of Appeals.

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Takeover Agreements on Performance Bond Claims: What Are They and How Do They Work?

Jimerson Firm

On many construction projects, the general contractor may be required to furnish a performance bond. That performance bond guarantees the completion of the prime contract if the general contractor defaults. A performance bond is a three-party contract between a surety (the party promising to be responsible if the principal fails to perform), the principal (the party who is performing the work—the general contractor), and the obligee (the party who is protected by the performance bond—the owner)

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Courier Scams – How They Work and How to Fight Them

Fico Collections

The ‘courier scam’ is a global issue that intensified late last year and presented another worrying trend in the new world of digital payments and card scams. Courier scams have long been a problem, but the threat has gathered momentum in recent months, as fraudsters have found a lot of success and will continue the ‘winning’ formula while they still can find a victim that will fall to their schemes.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

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SBA Loan Denied? Here’s What to Do Next

Nerd Wallet

Having an application for an SBA loan denied can be a frustrating experience for business owners in need of financing. These loans often come with some of the best interest rates available and are partially guaranteed by the U.S. Small Business Administration, which makes them very competitive. If you’re denied an SBA loan, the right. Brian O'Connor writes for NerdWallet.

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Daily Digest – May 27. Getting to Know Bobbie Blue; Defunct Agency Fined $500k

Account Recovery

GETTING TO KNOW BOBBIE BLUE OF RENKIM It’s always nice to see someone have the self-confidence to be able to point to someone else and say, “I wouldn’t be here if not for him/her.” Bobbie Blue is humble enough to give credit where it is due, and that is a large reason why he has … The post Daily Digest – May 27. Getting to Know Bobbie Blue; Defunct Agency Fined $500k appeared first on AccountsRecovery.net.

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How to Check Your Credit Report for Identity theft

Credit Corp

Identity thieves are almost always opportunistic—but the crimes they commit feel very personal. Unauthorized credit card charges, bogus loan applications, missing money, and other financial violations make fraud a major nightmare. To keep fraud in check, you need to know how to check your credit report for identity theft, and how to deal with problems when they arise.

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Filing Bankruptcy Without Your Spouse: What Happens to Debts & Property?

Sawin & Shea

If you’re married and considering bankruptcy in Indiana, you’re probably wondering whether you can file alone and how this could impact your spouse. This is one of the most common questions for bankruptcy attorneys. Yes, you can file bankruptcy without your spouse. But there are some important things you should know because bankruptcy can affect your debts and property in unexpected ways.

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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

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One’s Credit Builder: Build Credit With Guardrails

Nerd Wallet

One, creator of a banking app that allows you to manage multiple types of accounts in one place, is adding a feature that will function much like a secured credit card, but with an adjustable credit limit. It will become available to those ages 18 and older in the coming weeks. One’s no-fee Credit Builder. Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com.

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Defendant Files Petition for En Banc Re-Hearing in Hunstein Case

Account Recovery

The defendant in the Hunstein case yesterday filed its petition with the Eleventh Circuit Court of Appeals seeking to have the case re-heard before all of the court’s judges — known as an en banc hearing — arguing that the three-judge panel erred when it ruled last month that a statutory violation of Section 1692c(b) … The post Defendant Files Petition for En Banc Re-Hearing in Hunstein Case appeared first on AccountsRecovery.net.

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Data Tokenization and Encryption: Are Your Payments Protected?

PDC Flow

Security is an essential part of taking payments. If your payment communication software doesn’t take precautions with the sensitive data they help you manage, they aren’t looking out for you or your consumers. Encryption and data tokenization are essential steps to protect credit card and bank account numbers from being improperly handled. PDCflow uses both encryption and tokenization to manage sensitive consumer data.

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Want to know how forced arbitration affects ordinary folks? A website has videos of them telling their stories

Public Citizen

by Jeff Sovern. Here. [Disclosure: the website is put up by AAJ, which gave St. John's a grant to fund some of my research back in 2015].

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How Collection Agencies Minimize Effort and Maximize Results with the Right Software

Navigating collections in the dynamic financial landscape presents multifaceted challenges. Organizations face pressures to maintain standards alongside software challenges like regulatory adaptations, data integration, security, workflow optimization, and automation. Finding the right software can save time and money. BEAM offers a comprehensive solution with specialized modules to streamline debt collection effortlessly.

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Smart Money Podcast: Buy Now, Pay Later Loans and How to Start Building Wealth

Nerd Wallet

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion about buy now, pay later loans. These offers are common when shopping online, but they aren’t always a good option. Then we pivot to this week’s question from Patricia, who left us a voicemail: “Hi, Liz Weston writes for NerdWallet.

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Former CFPB Assoc. Dir., Caught Up in Racist Scandal, Calls out ‘Lawless’ Bureau

Account Recovery

A former associate director at the Consumer Financial Protection Bureau, who came under a wave of criticism when racist comments he made under a pen name 15 years ago were uncovered, has published an article calling out a “lawless” CFPB and equating the new leadership at the regulator to the mob, “willing to use the … The post Former CFPB Assoc.

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CFPB Takes Action Against Company and its CEO for Deceptive Deposit and Loan Products

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) today filed a proposed settlement against Driver Loan, LLC, and its CEO, Angelo Jose Sarjeant. If entered by the court, the settlement would require the defendants to refund about $1 million in deposits to harmed consumers, stop deceptive practices, and pay a civil penalty.

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25 Best Ways to Make Money as a Kid

Credit Corp

This article originally appeared on Arrest Your Debt and has been republished with permission. When I was a kid, there was always something I wanted to buy. The problem was, I usually had spent all my birthday money, and my parents were not in the habit of buying me whatever I wanted just because. If I wanted to buy something, I needed to learn how to make money as a kid on my own.

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Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.