CFPB ASSESSES $25M FINE FOR SOFTWARE TEST GONE HORRIBLY WRONG
- The Consumer Financial Protection Bureau yesterday announced it had assessed a $25 million fine against ACI Worldwide for its role in a “fiasco” that impacted hundreds of thousands of borrowers worldwide.
- More details here.
‘TIDAL WAVE’ OF COLLECTION LAWSUITS COMING, REPORT PREDICTS
- A “tidal wave” of lawsuits seeking to collect and recover on unpaid debts is “imminent,” according to SoloSuit, a company that helps individuals respond to collection lawsuits. The report also ranked the companies that were plaintiffs in the most collection lawsuits and the law firms that filed the most lawsuits on behalf of creditors.
- More details here.
WHAT WOULD YOU DO TO GET OUT OF DEBT?
- If you’re of a certain age, you likely remember those “What would you do for a Klondike bar” commercials like the one below. Well, in similar fashion, a poll was conducted and people were asked what would you to be completely debt-free? Rather than be allowed to make suggestions, participants had to choose from a list of options, but it is interesting to see what people would do. The poll also asked people how much debt they have, and the amount may surprise you.
- More details here.
20 COMPANIES SEEKING COLLECTION TALENT
- Curious which companies are hiring directors of collections, chief financial officers, and digital collection managers? Wonder what positions Oliphant USA, Receivable Solutions, and Harris & Harris are looking to fill? Check out this week’s job listings post for answers to those questions and more!
- More details here.
WORTH NOTHING: There is part of me that loves this idea, but then I think about the bugs and going to the bathroom and my nomadic notions are quickly quashed … What you need to know about the retirement income “crisis” in America … How to deal with people who pretend to know more than they do … Costco is joining Netflix in cutting down on membership sharing … The wildfire smoke is back. Here are some tips to keep it out of your home … Quiet quitting has been replaced by grumpy staying … Your morning coffee might just be a placebo, scientists have found … One of the world’s top chefs has some interesting advice for you on how to cook your next hamburger.
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