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OCC Closely Watches as Banks and Fintech Partner

Troutman Sanders

On September 6, Acting Comptroller of the Currency Michael Hsu warned that fintech and big techs partnerships and their forays into payment and lending could lead to increased risk for the banking industry. “My A copy of his remarks, made at the Clearing House Association and Bank Policy Institute’s Annual Conference , can be found here.

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Industries with the Best and Worst Recovery Rates

Nexa Collect

Manufacturing. Medical Supplies. Rentals, Equip, etc. Non Profit. Pharmaceutical. Wholesale, Durable. Social Services Misc. Real Estate Management. Computer Services. Bail Bonds. Nursing Homes. Medical Other.

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Big U.S. banks’ second quarter profits to tumble on higher bad loan reserves

Collection Industry News

banks are expected to fall sharply from a year earlier on increased loan loss reserves, as the pandemic recovery gives way to a possible recession. Bank of America Corp, which like its peers has big consumer and business lending franchises, is expected to show a 29% drop in profit when it reports on July 18. Source: site.

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New study confirms that few consumers complain to government agencies about consumer fraud

Public Citizen

This might have been the seller or manufacturer of the fraudulent product of service; a provider of payment services such as a credit card company, a bank or another payment service; a Better Business Bureau; or a government agency. Thirty percent of victims reported having complained either to a seller or to a manufacturer.

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Understanding FFL: Types, Application, and Licensing Process

Payment Savvy

This license is your golden ticket, allowing you to manufacture, import, or sell firearms and ammunition. Whether your ambition is to open a small local gun shop, start a major manufacturing operation, or anything in between, obtaining an FFL is the crucial first step needed.

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Connecticut Becomes Latest State to Enact a Commercial Financing Disclosure and Registration Law

Troutman Sanders

Notably, if the Banking Commissioner determines that the commercial financing disclosure laws of another state meet or exceed the Connecticut Act’s requirements, a provider may use that state’s form instead. The Connecticut Act goes into effect on July 1, 2024.

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Industry 4.0 Calling for Supply Chain Finance Collaboration

Qualco

Yet , the y often face cha llenges like limited access to capital, primari ly due to a lack of information with banks and lengthy due diligence processes. Cultivating a Collaborative Financial Ecosystem A resilient SCF ecosystem needs synergies between stakeholders, like banks and intermediaries, unlocking growth opportunities for all.