In recent years, some aggressive debt buyers and investors that buy multimillion-dollar debt portfolios that have been charged off by credit-card companies and other lenders for cents on the dollar with a plan to collect enough debts to turn a profit and have been actively pursuing debts that are barred by the statute of limitations. Their int...
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Background checks are a must in today's business climate. It is your company's responsibility to know the employee as thoroughly as possible. If not, you open yourself to a number of potential consequences, some of them very costly. Below is a list of a few of them:
Workplace Violence
Employee Turnover
Job-related Accidents...
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Developing a reliable and effective authentication program will help an organization reduce instances of identity theft and prevent unauthorized access to personal data. It can also help to reduce costs, improve customer service and employee productivity along with increased revenue.
The real cost to companies that do not implement effe...
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The Dodd-Frank Wall Street Reform and Consumer Protection Act has been signed by President Obama and represents a major overhaul of U.S. financial regulations aimed at preventing future crises as well as imposing new restrictions on certain financial products like payday lending. Although banks and businesses are the focus of the regulations, consu...
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A couple of weeks ago I reviewed definitions of the terms "underserved", "underbanked" and the "unbanked". Today I'd like to look at the "underbanked" consumer more closely. The Center for Financial Services Innovation (CFSI) performs research into the underbanked consumer and has provided some unique insights in its reports on th...
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