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NLRB’s Atlanta Opera Ruling Imposes Stricter Independent Contractor Test on Employers

Fraser

Decision The Atlanta Opera decision provides that determining whether a worker is properly classified as an employee or independent contractor should be based on traditional common-law worker classification factors set forth in the Restatement (Second) of Agency. In 2019, the NLRB, in its SuperShuttle DFW, Inc.

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Department of Labor Issues New Proposed Rule on Independent Contractors

Fraser

The new rules are a reversion to prior tests, which consider certain “economic reality factors;” factors that were originally set out in a pair of cases before the Supreme Court of the United States in 1947 (See United States v. The Service now groups the prior multiple factors into three topics. Silk, 331 U.S. McComb, 331 U.S.

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BNPL in Credit Reports: How Could This Data Impact FICO Scores?

Fico Collections

As BNPL loans become a more commonplace form of credit used by consumers, these loans could also become an important factor in consumer credit reports, and by extension, in the FICO ® Scores based on those credit reports. Let’s explore the impact of these key factors on the FICO Score.

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Your business hired a collection agency. Now what?

American Profit Recovery

One important factor that we point out in all areas of the onboarding process is that waiting to submit late counts to a collection agency will only further delay payments received by you. There are many factors that dictate the success of a collection program. Did you read our blog post on how to hire a collection agency?

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CFPB’s 2022 Fair Lending Report Focuses on Bias in Mortgage Lending, Redlining, Home Appraisals, Small Business Lending, and Shows Continued Skepticism of AI

Troutman Sanders

Assistant Director of the CFPB’s Office of Fair Lending and Equal Opportunity Patrice Ficklin issued a blog post announcing the release of the Report and highlighting the CFPB’s appraisal and redlining focus. Families and entire communities are harmed by biased, inaccurate appraisals, as well as geographic discrimination, or redlining.

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CFPB Examines Potential Impact of Rising Car Prices on Consumer Credit

Troutman Sanders

On September 19, the Consumer Financial Protection Bureau (CFPB) released a blog post , exploring the potential relationship between rising car prices and changes in auto loan performance. Researchers at the Federal Reserve Bank of New York found that higher vehicle prices are a significant factor driving larger loan amounts.

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FTC Safeguards Rule Deadline Extended, But Don’t Wait to Implement Data Security Compliance Protocols

Fraser

implement multi-factor authentication or another method with equivalent protection for anyone accessing customer information. The post FTC Safeguards Rule Deadline Extended, But Don’t Wait to Implement Data Security Compliance Protocols first appeared on Fraser Blog. He may be contacted at ecast@fraserlawfirm.com or 517-377-0845.