Fraser

JANUARY 28, 2022

” So, it is with that the Internal Revenue Service kicked off the 2022 tax filing season this week with an urgent reminder to taxpayers to take extra precautions this year to file an accurate tax return electronically to help speed refunds. If you have an existing debt to the federal government. but it will slow receipt down).

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Government 52

UK debt collections

AUGUST 16, 2022

The research found that the number of companies rated as being in “critical financial distress” continued to rise, jumping by more than a third in Q2 2022 compared with the same period last year to 1,957, and edging up 3% compared to Q1 2022. However, there was some good news.

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Manufacturing Retail Government Construction 96

UK debt collections

MAY 23, 2022

The company says the global factors will likely push business insolvencies up significantly in 2022, followed by a further 4% increase in 2023. The rebound in insolvencies in 2021 and 2022 is in contrast to the artificial low recorded in 2020. Germany is expected to post a 4% increase in 2022, France 15% and Italy 6%.

Trade 59

Trade Construction Government 59

Jimerson Firm

APRIL 6, 2023

Henderson , [1] was decided by Florida’s Second District Court of Appeal on November 16, 2022, and involved a lawsuit by the plaintiff against her condominium association after a water leak caused damaged to her property. see also 11 Fla. The Parkland Condominium Association Case The case, Parkland Condo. Ass’n, Inc.

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Government 92

PBWT

OCTOBER 24, 2022

22-10039, 2022 LEXIS 2932 (Bankr. A jury trial in Oklahoma was scheduled for April 2022. ” 2022 Bankr. LEXIS 2932, at *11. litigation was governed by Oklahoma law, while the law of the IOM had no relevance to the issues in the litigation. ” 11 U.S.C. § In re Shimmin , No. § 1502(2).

Bankruptcy 65

Bankruptcy Debtor Creditors Government 65

Troutman Sanders

JANUARY 18, 2023

Throughout the latter half of 2022, filing for bankruptcy became a reality for many high-profile crypto firms. However, on June 12, 2022, Celsius issued a memo informing its customers of its decision to pause withdrawals from the platform due to “extreme market conditions.”

Bankruptcy 98

Bankruptcy Debtor Government Collections 98

Fico Collections

JANUARY 28, 2022

2022 FICO Decisions Award Winners - Decisions That Matter. I am thrilled to announce the winners of the 2022 FICO® Decisions Awards. . This year we have 11 winners across 8 award categories representing companies from every corner of the globe. 2022 FICO Decisions Award Winners. 2022 Judges.

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Debt Management Banks Government Collections 52

Fico Collections

NOVEMBER 21, 2022

Fri, 06/03/2022 - 12:24. Mon, 11/21/2022 - 20:30. FICO is committed to helping organizations deliver on their digital technology and risk management initiatives while meeting regulatory and governance standards to exceed customer expectations. FICO is a Top 10 RiskTech Company in the 2022 Chartis RiskTech100® Report.

Financial Institution 52

Financial Institution Retail Government 52

Collection Industry News

DECEMBER 10, 2023

The report said commercial Chapter 11 business reorganisation filings increased by 72% in 2023, while consumer filings rose by 18%. ” Total bankruptcy filings were 34,447 in December 2023, a 16 percent increase from the December 2022 total of 29,654. .” In our view this is not a negative development.

Bankruptcy 40

Bankruptcy Banks Trade Lender 40

PBWT

JULY 28, 2022

On July 6, 2022, the filing of Three Arrows Capital caused one of its major lenders, Voyager Digital Holdings, to file for Chapter 11. On July 13, 2022, Celsius Network filed Chapter 11. Voyager Digital is a cryptocurrency brokerage firm that allows customers to buy, sell and trade crypto on its platform.

Bankruptcy 65

Bankruptcy Unsecured Creditor Trade Loans 65

Burr Forman

NOVEMBER 16, 2021

CMS Issues Calendar Year (“CY”) 2022 Final Medicare Outpatient Prospective Payment System (“OPPS”) Rule. On November 2, 2021, CMS finalized the Medicare payment rates for hospital outpatient and ambulatory surgical center (“ASC”) services in CY 2022 (“OPPS Final Rule”).

Healthcare 59

Healthcare Government 59

Troutman Sanders

JANUARY 10, 2023

At the time Celsius filed for bankruptcy on July 13, 2022, it had approximately 600,000 Earn Accounts, which consisted of $4.2 The lack of governance mechanisms establishing oversight of open, public, and/or decentralized networks. State Activities. billion in aggregate investor value. For more information, click here.

Financial services 52

Financial services Unsecured Creditor Bankruptcy Banks 52

Troutman Sanders

OCTOBER 16, 2023

On October 11, the Federal Trade Commission (FTC) announced a new proposed rule to prohibit junk fees, which are hidden and bogus fees that can harm consumers and undercut honest businesses. On October 11, the Securities and Exchange Commission (SEC) informed the U.S. For more information, click here. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Credit Unions 52

Collection Industry News

AUGUST 9, 2021

WASHINGTON ( NewsNation Now ) — The pause on federal student loan payments has been extended until January, 31, 2022. The freeze was put in place at the start of the COVID-19 pandemic in 2020 as the federal government worried millions of debt holders would default on loans due to job loss and the down turned economy. Source: site.

Student loans 40

Student loans Student Loans Loans Education 40

Fico Collections

NOVEMBER 15, 2022

Tue, 11/15/2022 - 11:25. It provides end-to-end governance, risk & compliance solution including: . . FICO is transitioning its Siron ® compliance business to IMTF, a Swiss global leader in regulatory technology, and a partner in the Siron business for more than 20 years. FICO Admin. Tue, 07/02/2019 - 02:45.

Trade 52

Trade Government Banks 52

Troutman Sanders

OCTOBER 17, 2022

This letter follows Chairman Clyburn’s May 2022 letters to the NCRAs, requesting information on the companies’ efforts to respond to and resolve credit reporting inaccuracies raised by consumers during the pandemic. On October 11, U.S. On October 11, JPMorgan and Visa announced their collaboration to facilitate cross-border payments.

Financial services 52

Financial services Banks Student loans Student Loans 52

Burr Forman

DECEMBER 15, 2021

South Carolina Business License Reforms Go Into Effect January 1, 2022. The South Carolina Business License Tax Standardization Act (the “Act”) was enacted in 2020, but the effective date was generally delayed until January 1, 2022. Increased Regulations Expected to Impact Big Mergers in 2022 (Source: Reuters , 2021-12-01).

Government 40

Government Collections 40

CICM

AUGUST 17, 2021

What will happen as Government support reduces? Current Government support. From 1 July 2021 – the Government will pay 70% and employers pay 10%. · For August and September 2021 – the Government will pay 60% and employers 20%. · Economy continues to grow. Restriction on winding up a company.

Government 40

Government Creditors Credit Management 40

ABI

JANUARY 26, 2023

1] In In re Szczyporski, the United States Court of Appeals for the Third Circuit held that the shared responsibility payment is a tax entitled to priority under Title 11 of the United States Code (the “Bankruptcy Code”). [2] 3] The IRS filed a proof of claim against the Debtors for unpaid taxes and interest, including a $927.00

Bankruptcy 40

Bankruptcy Debtor Healthcare Government 40

Collection Industry News

APRIL 6, 2023

The class action at issue in the new case was filed in 2019, seeking to require the government to reduce the backlog. The case was settled for a second time in June 2022, granting automatic debt forgiveness to almost 200,000 borrowers who had attended the 151 schools and streamlined procedures for about 100,000 others.

Student loans 40

Student loans Student Loans Loans Education 40

Troutman Sanders

MARCH 22, 2022

As of March 22, 11 states have wrapped up their 2022 legislative sessions. In these early sessions, privacy legislation was considered in seven of the 11 states that have completed their 2022 sessions, namely Florida, Washington, Indiana, Virginia (amendments to enacted regime), West Virginia, Wisconsin, and Utah.

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Collections Government 52

ABI

JANUARY 28, 2024

John’s University School of Law American Bankruptcy Institute Law Review Staff A motion for a preliminary injunction in a bankruptcy is governed by Federal Rule of Bankruptcy Procedure 7065, which incorporates Federal Rule of Civil Procedure 65. [1] 11] Id. Garrity Kuester St. 2] In Vital Pharmaceuticals, Inc. 5] Id. [6]

Bankruptcy 40

Bankruptcy Debtor Creditors Government 40

Troutman Sanders

APRIL 18, 2022

On April 11, the White House published a fact sheet , outlining the Biden administration’s actions to lessen the burden of medical debt and increase consumer protection. On April 7, Colorado Governor Jared Polis signed Senate Bill 86 into law as Chapter 74 of the Laws of 2022. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Loans 52

CSA

DECEMBER 7, 2022

The Information Commissioner’s Office (ICO) has started to publish all reprimands issued to data controllers and data processors, going back to January 2022. One of their key proposals is that the government and FCA introduce clear limits on the number of times that creditors can contact people in debt. Ombudsman News No.

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Government Consumer Credit Creditworthiness Financial services 40

Collection Industry News

OCTOBER 17, 2022

Baxter, October 15, 2022. Under section 363 of the Bankruptcy Code, a debtor-in-possession in a chapter 11 bankruptcy proceeding can seek court approval to sell some or all of the debtor’s assets, free and clear of all claims and encumbrances. The debtor must market the assets and sell them through a court-approved auction process.

Debtor 40

Debtor Bankruptcy Creditors Government 40

CSA

NOVEMBER 26, 2020

s forecast of an economic contraction of over 11% this year and unemployment rising to 2.8 in 2021/22 and then over 11% in 2022/23. Below is Chris Leslie's (CEO of the CSA) reaction to the Chancellor's Spending Review. Spending Review statement: ?The million underlines the challenge over the coming years. CSA Apprenticeships.

Government 40

Government Collection Agencies Collections Agency Trade 40

Troutman Sanders

AUGUST 30, 2022

July 27, 2022), the District of New Jersey denied a motion to dismiss a putative class action, asserting claims under the Fair Debt Collections Practices Act (FDCPA) based on statements made in the pleadings in an earlier state court litigation. In Louis v. Deshmukh , Civil Action No. 21-19902 (D.N.J.

Fair Debt Collection 52

Fair Debt Collection Debt collector Collections Creditors 52

Troutman Sanders

DECEMBER 19, 2023

On December 15, the Securities and Exchange Commission (SEC) denied Coinbase’s Petition for Rulemaking, which was submitted to the SEC on July 20, 2022, as “currently unwarranted.” According to the statement issued by SEC Commissioner Gary Gensler, “the existing securities regime appropriately governs crypto asset securities.”

Financial services 52

Financial services Banks Debt collector Government 52

Price Meese

JUNE 30, 2021

The Legislation keeps in force, until January 11, 2022, any state agency’s “administrative order, directive, or waiver” that relied upon the existence of the public health emergency. 34, the New Jersey Department of Community Affairs (NJDCA) adopted regulations governing virtual public meetings during the COVID-19 emergency.

Government 52

Government Foreclosure Healthcare 52

Troutman Sanders

MAY 16, 2022

On May 11, the U.S. The businesses allegedly impersonated law enforcement officers, government officials, process servers, and law firm personnel to scare or intimidate consumers into paying alleged debts. On May 11, the Promoting Digital Privacy Technologies Act (H.R. For more information, click here. Engel , 37 N.Y.3d

Financial services 52

Financial services Foreclosure Lender Judgment 52

Burr Forman

JANUARY 7, 2022

Birmingham AL – December January 6, 2022 – Burr & Forman LLP announces the election of eight attorneys to partnership, effective January 1. For more than a century, Burr & Forman LLP’s experienced legal team has served clients at the intersection of business and government. About Burr & Forman LLP.

Bankruptcy 52

Bankruptcy Creditors Secured Creditor Manufacturing 52

Troutman Sanders

MAY 2, 2023

Previously introduced in June 2022, the bill fortified its provisions regarding national security and cybercrime — a concern top regulators continue to express about digital assets. Government Money Market Fund.” government securities, cash, and repurchase agreements collateralized by U.S. For more information, click here.

Financial services 52

Financial services Trade Consumer Credit Government 52

Collection Industry News

OCTOBER 18, 2021

The merger will result in an organization with combined assets of over $11 billion, making it one of the 15 largest credit unions in the country, according to the news release. Alaska USA has 67 branches in Alaska, Washington, California and Arizona. If the merger goes through, Alaska USA plans to offer jobs to all existing Global employees.

Credit Unions 40

Credit Unions Credit Unions Collections Government 40

Burr Forman

AUGUST 31, 2021

Wall , IV joins Burr & Forman’s Columbia, South Carolina office as Counsel in its Government Relations practice group. John joins the firm from the South Carolina Manufacturers Alliance, where he served as the General Counsel and Vice President of Government Relations. John may be reached at (803) 753-3206 or jwall@burr.com.

Manufacturing 40

Manufacturing Government 40

Troutman Sanders

FEBRUARY 13, 2024

Genesis filed for Chapter 11 protection in January 2023 with $5.1 Supreme Court unanimously ruled that government agencies can be sued for violations of the Fair Credit Reporting Act (FCRA). However, the Court upheld the Third Circuit’s decision that the FCRA allows for suits against “any person,” including government agencies.

Financial services 52

Financial services Student loans Student Loans Collection Agencies 52

Troutman Sanders

AUGUST 21, 2023

District Court for the Eastern District of Michigan dismissed without prejudice a lawsuit filed against the federal government aimed at blocking the Biden administration’s effort to provide debt relief to student borrowers. On August 11, in the case of Yuille v. For more information, click here. On August 14, the U.S.

Financial services 52

Financial services Banks Loans Financial Institution 52

Troutman Sanders

DECEMBER 27, 2022

Senate Banking Committee Ranking Member Pat Toomey (R-PA) introduced the “Stablecoin Transparency of Reserves and Uniform Safe Transactions Act of 2022” bill. The CFRC began meeting in February 2022 and assists with translating climate data into potential financial impacts. For more information, click here. On December 21, U.S.

Financial services 52

Financial services Banks Trade Retail 52