Sat.Dec 19, 2020 - Fri.Dec 25, 2020

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CFPB: Santander Must Pay $4.75 Million For Credit Reporting Violations

PYMNTS

Santander Consumer USA was ordered to pay $4.7 million to the Consumer Financial Protection Bureau ( CFPB ) for violating the Fair Credit Reporting Act (FCRA), the CFPB said in a press release. According to the release, Santander allegedly knew that it provided incorrect consumer data to the three major credit reporting agencies (CRAs). Santander is an originator and servicer of non-prime auto loans and leases and provides credit information to CRAs via monthly data files, according to the CFPB

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Real-Time Reports, Weekly Recommendations, & The Power of Partnership —Succulent Hospitality Narrative Case Study

https://trustedcfosolutions.com/feed/

Trusted CFO Solutions specializes in working with restaurant groups. One of our wonderful clients, Succulent Hospitality , shares below about their experience working with us and how that’s helped them strengthen and grow their business. Succulent Hospitality houses three restaurants in the Atlanta area: Hammocks Trading Company , Under the Cork Tree , and Prime 120.

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Why xP&A is the Future of Corporate Planning

Anaplan

What is xP&A? It’s official – financial planning alone isn’t enough if you want to succeed. That’s what leading analyst firm Gartner revealed in 2020 when it coined the term Extended Planning & Analysis (xP&A). According to the global research and advisory firm, “xP&A is a response to the challenges faced by enterprises seeking to […].

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How the CFO can reframe finance for tomorrow

Future CFO

The COVID-19 pandemic is an unprecedented period of uncertainty, but it has also changed the way we think about the world. Innovative companies are pioneering new business models and accelerating digital priorities. As companies transform how they work in a post-pandemic world, Chief Financial Officers (CFOs) have the opportunity to demonstrate the critical strategic role they can play in reframing the future of the enterprise.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Apple Aims At Debuting Car In 2024

PYMNTS

Apple is advancing its self-driving car project, according to a Reuters report, and will look at debuting a new product by 2024 that could also come with new battery technology. Project Titan, the Apple automotive effort, has been working on a self-driving vehicle sporadically since 2014, working from scratch. Apple hasn't always kept up with it, sometimes drawing back to focus more on the software the company is known for, Reuters reported.

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Online Accounting Systems

Proformative

What other online accounting systems are used besides the double entry bookkeepi.

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People moves: Tree Technologies, Q Technology

Future CFO

Malaysia-headquartered Tree Technologies Sd. Bhd. , which owns the Treeletrik brand, has hired Richard Teoh as its CFO, said Nasdaq-listed Ideanomics recently. Tree Technologies is a subsidiary of Ideanomics. Teoh brings to Treeletrik more than 20 years of financial control, planning, leadership, and management experience, said Ideanomics, adding that he was most previously Director of Group Finance Controlling at Volkswagen Group Malaysia and was responsible for the financial oversight of the c

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’Twas The Night Before COVID Christmas

PYMNTS

’Twas Christmas with COVID, We were all stuck at home. Can’t go out, it’s not safe, We’re advised not to roam. The holiday Zoom calls have been scheduled with care, To talk to the relatives who cannot be there. . The children are nestled asleep in their beds, As visions of PS5s dance in their heads. Ma on her mobile and me on the tablet, Spent Christmas Eve cementing our new digital-first habits. .

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The COVID Catapult: Four Trends Upending the Status Quo for Women

CFA Institute

The burdens of COVID-19 have fallen disproportionately on women. But the pandemic's impact has not been entirely negative.

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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Predictions for Modern FP&A: Bryan Lapidus on the Being Planful Podcast

Planful

In this episode of Being Planful, I welcomed Bryan Lapidus, FP&A Practice Director at the Association for Financial Professionals (AFP). Bryan has spent 20 years in the office of the CFO across both large and mid-sized companies, and in roles spanning FP&A, Treasury, Risk, and more. Now, at AFP, Bryan is responsible for creating and curating content for their members, which are FP&A professionals just like you. .

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EY: M&A to accelerate in 2021 and beyond

Future CFO

The growth in year-over-year (YoY) value of M&A deals recorded since the beginning of Q3 is likely to continue into 2021, as companies position themselves for improved economic activity and reframe their future for the post-COVID-19 pandemic era, said EY recently. . With an overall value of US$2.9 trillion, global M&A in 2020 is tracking below 2019’s value of US$3.3 trillion, but still ranks fifth for value of deals in the post-global financial crisis period, according to EY research loo

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Amazon Puts Off Merchant Fulfillment Fee Hikes Until June

PYMNTS

Amazon is postponing its logistics fee increase to help accommodate businesses affected by the pandemic, a company letter from Amazon Worldwide Consumer CEO Jeff Wilke stated. Wilke wrote that the eCommerce giant will continue to take on the extra costs without increasing fees until June 1, 2021. "We are doing this because we want to provide stability and support for you during what will likely remain a challenging winter as vaccine distribution gets underway," Wilke said in the letter.

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The Truthiness of ESG Criticism

CFA Institute

Two critiques of environmental, social, and governance (ESG) investing have a truthiness quality to them.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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FinTech Step Aims To Create The Concept Of ‘Family Banking’

PYMNTS

We’ve all heard the horror stories. The 6-year-old who get his hands on Mom’s iPad and manages to rack up $16,000 worth of credit charges for online gaming. The teenager with a Fortnite habit who manages to clean out Dad’s checking account via the debit card linked to the gaming account. These aren’t bad kids necessarily so much as they’re kids that simply don’t know the damage they’re doing at the time.

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Burger King To Give Some Venmo Users $1 To Promote New Dollar Menu

PYMNTS

Burger King has launched a new promotion called the "$1 Your Way Menu" and in conjunction will put $1 in some Venmo users' accounts through Dec. 28, the day the new menu takes effect, the company announced in a press release. "Unlike other value menus, all items on Burger King’s newly unveiled menu are $1 a piece — that’s it,” the release stated. “The big question now becomes, what to get?”.

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PSCU CEO: Debit Still Wins With The Resilient Consumer

PYMNTS

A year like no other draws to a weary close. In a year marked by unpredictable events, high unemployment, business closures and, of course, a global pandemic, the U.S. consumer is still standing — but how they pay has changed with the times, both out of necessity and out of convenience. Looking ahead, PSCU President and CEO Chuck Fagan told Karen Webster, some of the trends that have been a hallmark of the last several months will prove long-lasting.

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The COVID-19 Grinch That Tried (And Mostly Failed) To Steal Christmas 

PYMNTS

Everyone knows the famous Dr. Seuss children’s Christmas story and movie “How the Grinch Stole Christmas.”. The Grinch — resident sourpuss in the fictional town of Whoville — is tired of the locals’ incessant Christmas cheer and noise, and decides he’s going to do something to end it. So he dresses up like Santa, descends into Whoville and steals all their Christmas presents, decorations and food in hopes that the residents (known as the “Whos”) will wake up and be brokenhearted that Christmas h

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Burger Intelligence: Shake Shack AI Takes Ordering, Customer Experience To The Next Level

PYMNTS

The pandemic has upended how we order meals at restaurants, how we pay and, ultimately, how we eat. These transformational shifts are, in turn, affecting how quick-service restaurants (QSRs) engage customers as the health crisis limits their in-person dining offerings and forces them to fast-track planned digital innovations. New developments from fast-casual behemoth Chipotle Mexican Grill illustrate the increasingly digital nature of QSRs’ operations.

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NY Fed: Credit Applications, Acceptances Plunge During Pandemic

PYMNTS

A new survey has revealed the steep plummet the consumer credit market took as the pandemic began, the Federal Reserve Bank of New York reported. The Federal Reserve Bank of New York’s Center for Microeconomic Data released results on Monday (Dec. 21) from its latest Survey of Consumer Expectations (SCE) Credit Access Survey , which showed most credit applications and acceptance rates falling sharply after February this year.

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What Price Loyalty? Ulta, KeyBank, novae Say Points Must Be Spendable, Programs Flexible

PYMNTS

Rewards points and programs may spur customers to make purchases, but do they inspire loyalty that lives on after the transaction is made? It was the main question put to a panel of payments and customer-facing professionals who told Karen Webster that the “old” ways of doling out rewards, on a merchant-by-merchant, point-by-point basis — even with thresholds in place before redemption — no longer applies.

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Digital-First Economy Redefines Retail And Consumer Behavior

PYMNTS

When it’s said and done there was only one story that mattered in the retail universe this year and it was the rise of the digital-first economy. The numbers speak for themselves. PYMNTS research on consumer shopping habits showed that 24 percent of all consumers say they have taken at least one of their routine shopping activities online and do not plan to revert to shopping in stores for this activity, even after the pandemic is over.

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Accounting Software and ERP Readiness Guide

In this white paper, we explore the factors to consider in deciding whether the time is right for your Company to consider a new ERP or accounting software, the total cost of ownership and plans necessary to make the potential leap to these systems.

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Putting Subscription Commerce’s ‘Get, Keep and Grow’ Playbook To Work

PYMNTS

In the beginning, there were bundles. Then came unbundling, followed not long after by the introduction of “rundles,” or recurring revenue bundles. And now, thanks to a global pandemic that has pushed more business online, tightened wallets and compressed delivery times, the retail landscape has undergone huge changes in a relatively short amount of time.

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CFPB Settles Student Loan Case With Discover For $35 Million

PYMNTS

The Consumer Financial Protection Bureau (CFPB) has settled with student loan servicers Discover Bank , The Student Loan Corporation and Discover Products (collectively Discover) in a 2015 case for unlawful practices, and Discover will have to pay $10 million in customer redress, a press release says. The case stems from an earlier order from CFPB based on finding that Discover had been misstating the minimum amounts due on billing statements along with tax info customers needed to help get fede

Education 114
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SEC OKs Direct IPO Listings To NYSE

PYMNTS

Companies seeking to hold initial public offerings (IPOs) on the New York Stock Exchange (NYSE) no longer will be required to let investment banks buy and sell the first shares to hit the market, the Financial Times (FT) reported. The addition of a lower-cost, underwriter-free IPO option was formally approved by the U.S. Securities and Exchange Commission (SEC) Tuesday (Dec. 22), FT reported.

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PayPal Waives Check Cashing Fees For Stimulus Checks

PYMNTS

PayPal will allow customers to cash their next stimulus checks free of charge, according to a press release. The payments giant said in the release that the checks will go through instantly on the PayPal app's cash-a-check feature. The normal check-cashing fees will be waived for coronavirus relief checks, currently planned to be $600 per person. This can be done from a mobile phone, without the user leaving their home to go to a bank or ATM.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.