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FTC Orders Small Business Credit Reporting Companies to Disclose Information About Industry

Troutman Sanders

According to the FTC, the impetus for this inquiry is that unlike consumer reports, which are governed by the Fair Credit Reporting Act, there is no federal law that specifically outlines processes and protections for small businesses credit reporting. The steps taken to ensure that the information contained in the credit reports is accurate.

Trade 52
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UK Business insolvency rises by 18%

UK debt collections

Government urged to help ‘again’ Nick O’Reilly, Director of Restructuring and Recovery at MHA said “The government must act swiftly to stem the rising tide of insolvencies and stimulate growth. The government must create a system that is based on turnover rather than property values.

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The Dangers of Bitcoin: Is Bitcoin a Safe Investment?

Credit Corp

Bitcoin is still volatile, and it’s still not backed by any government or central bank, so it remains a risky way to invest. In contrast, traditional money—also known as fiat money—is money issued by a government. Refunds were also hard to obtain. So, have things improved since then? In short, not really. A Case Study in Bitcoin.

Trade 96
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The FTC and State AGs Warn Consumers About Crypto Scams

Troutman Sanders

For companies involved in this space, we recommend taking proactive steps to reduce the risk of a government-led investigation — given that, even here, an ounce of prevention is worth a pound of cure. [1] 4] This spotlight is based on reports from consumers to the FTC or to any Consumer Sentinel Network data contributor.

Trade 52
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U.S. Debt on Pace to Top $54 Trillion Over Next 10 Years

Collection Industry News

The projections for the nation’s finances come as Congress faces another deadline next month to agree on federal spending legislation to keep the government running. Interest rates have surged to two-decade highs over the past year, making borrowing costs an increasingly significant contributor to the national debt.

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Top 5 Decision Management Posts for 2020: AI to Platform

Fico Collections

Increasing the effectiveness and ROI of customer decisions, and iteratively improving them over time, can be an important contributor to customer retention. . We’ve made a mistake with an algorithm and it’s having a harmful effect,’ will no longer be interesting news stories of AI gone rogue, but instead a call to action.