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US public debt tops $34 trln as Congress heads into funding fight

Collection Industry News

federal government’s total public debt has reached $34 trillion for the first time, the U.S. The Daily Treasury Statement for Friday showed that the total public debt outstanding rose to $34.001 trillion from $33.911 on Thursday. WASHINGTON, Jan 2 (Reuters) – The U.S. trillion on Friday from $33.794 trillion on Thursday.

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How the 50/30/20 Rule Can Keep You on Budget

Debt Guru

In its simplest terms, the 50/30/20 rule is a budgeting technique that divides your after-tax (net) income into three basic categories: needs, wants, and savings or debt repayment. Once you’ve determined your after-tax income, you’ll need to figure out how much money you currently spend in each of the three categories.

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Small Businesses in ‘distress’ number triples

UK debt collections

Paul Rouse, a Partner at Mazars commented on the figures “We are starting to see the significant financial impact of the pandemic and Brexit on companies across the UK, both private and listed. Red alert: normally Mazars expects around 40,000 companies to be in distress, today the figure is 134,437. Public Administration.

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New Data Shows 3x Jump in Medical Equipment Fraud

Fico Collections

For purposes of examining fraud, medical spending comprises two main categories, the first of which is Medical and Laboratory Equipment Supplies. Figure 1: Four-week rolling average of fraud rates for Medical Device transactions. Figure 3: Monthly card-present authorization volume dropped by about 20% in summer 2020.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

Analisa Torres ruled that three out of four categories of XRP token sales did not constitute an investment contract. Loan purchase activities are long-standing banking practices that serve the legitimate business needs of the buying and selling institutions and the public interest. On July 31, Figure Technologies, Inc.,

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Bed Bath & Beyond plans to liquidate all inventory and go out of business

Collection Industry News

Bed Bath & Beyond had been a crown jewel of the era of so-called “category killers” — chains that dominated a category of retail, such as Toys “R” Us, Circuit City and Sports Authority. The company went public in 1992 with 38 stores and around $200 million in sales. “We By 2000, those figures leapt to 241 stores and $1.1

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How to Ensure Financial Security in the Future–in 12 Steps

Credit Corp

List ongoing monthly expenses in four categories: fixed costs that stay the same every month (such as a mortgage or rent payment); variable expenses that change each month but are “must-buy” items (such as food, gas, and medicine); savings (it’s a mandatory “bill”); and spending money. This will tell you how much you have to spend.