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US debt rises to $33 trillion as government shutdown looms

Collection Industry News

As the US national debt passes $33 trillion and a government shutdown looms, Wall Street feels defensive. The budget deficit — the difference between what the government spends and what it takes in — reached $1.5 The recent increase in interest rates has already made it much more expensive for the government to pay back what it owes.

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AI Governance: A Critical Component of Corporate ESG Initiatives

Fico Collections

AI Governance: A Critical Component of Corporate ESG Initiatives. Thu, 05/12/2022 - 10:29. I spoke about governance, the ‘G’ in corporate environmental, social and governance (ESG) programs. From your perspective, why is governance critical when it comes to artificial intelligence? Saxon Shirley. by Scott Zoldi.

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State of Alabama Passes Law Governing COVID-19 Vaccine Exemption Requests

Burr Forman

On November 5, 2021, Alabama Governor Kay Ivey signed into law a bill governing COVID-19 vaccine exemption requests. This law was effective immediately upon Governor Ivey’s signing on November 5, 2021. The post State of Alabama Passes Law Governing COVID-19 Vaccine Exemption Requests appeared first on Burr & Forman.

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Company Insolvencies up 71% in the UK

UK debt collections

The latest Government insolvency statistics for Q3 2002 show a significant increase in the volume of companies in distress. There were 16,105 corporate insolvencies in the first three quarters of 2022 compared to 9,433 during the same period in 2021 – a 71% rise. There were no receivership appointments.

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Company Insolvencies continue to decrease

UK debt collections

to 925 in April 2021 compared to March’s figure of 997, and fell by 22.9% In April 2021 there was a total of 925 registered business insolvencies, comprised of 819 CVLs , 26 compulsory liquidations , 75 administrations and 5 CVAs. The figures show that business insolvencies fell by 7.2% compared to April 2020’s figure (1,199).

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Credit Card Fraud Statistics Everyone Should Know in 2023

Credit Corp

Quick answer box There were over 389,000 reports of credit card fraud to the Federal Trade Commission (FTC) in 2021. Sources: Federal Trade Commission and Nilson In 2021, the Federal Trade Commission (FTC) reported that there were 5.7 According to the FTC, identity theft was the most common form of fraud reported during 2021.

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Supreme Court case may gut the CFPB: Consumer watchdog’s ‘future is on the line,’ group says

Collection Industry News

For example, any rules the CFPB has issued in the past 12 years — whether about credit cards, mortgages, payday loans or debt collection, for example — could be nullified, experts said. The agency isn’t subject to annual appropriations, the budget process whereby Congress allocates funding to various parts of the federal government. (A