Collection Industry News

MARCH 25, 2024

market for one of the riskiest types of corporate debt is resurging this year, as companies cater to investor demand for assets that can lock in high yields for several years ahead of an expected decline in interest rates. INCREASING ATTRACTIVENESS A change in Moody’s rating methodology on Feb.

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Credit Corp

FEBRUARY 9, 2024

After a long year, tax season is finally upon us. You’re probably getting all your ducks in a row—collecting all the information you need, choosing your tax software, and so on. If you’re a homeowner, you might be able to catch a few tax breaks—but can you get a tax break for buying a house?

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Credit Corp

FEBRUARY 16, 2023

Updated February 16th, 2023. Securing a mortgage can be challenging, but how can you get a good interest rate to reduce the long-term cost of your home? Here are some tips to help you get the best rates for mortgages. This makes your rate and monthly payment predictable and consistent.

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Hudson Weir

MARCH 3, 2021

What is Corporation Tax? In this blog we’ll explain everything you need to know about Corporation Tax – what it is, how much you need to pay, and how and when to pay it. What is Corporation Tax? Corporation Tax is a tax that limited companies must pay on their profits. What percentage is Corporation Tax?

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Collection Industry News

FEBRUARY 13, 2024

The balance of Treasury financing requirements over the quarter will be met with regular weekly bill auctions, cash management bills (CMBs), and monthly note, bond, Treasury Inflation-Protected Securities (TIPS), and 2-year Floating Rate Note (FRN) auctions. This issuance will raise new cash from private investors of approximately $15.9

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Troutman Sanders

FEBRUARY 6, 2024

The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings. The possible ratings are outstanding, satisfactory, needs to improve, and substantial noncompliance. For more information, click here. On February 2, the U.S. For more information, click here.

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Fraser

AUGUST 5, 2022

Why it Matters : The issuance of a stay until February 19, 2023 follows the ruling by the Michigan Court of Claims stating that the state legislature’s adoption and alteration of a 2018 ballot initiative that would have raised minimum wage to $12 by 2022 was unconstitutional. . Business & Tax | Robert D. Department of Treasury.

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Troutman Sanders

DECEMBER 4, 2023

On December 1, the OCC announced that it is publishing its assessment rates for the 2024 calendar year. The OCC is maintaining the 2023 rates in the general assessment, independent trust, and independent credit card fee schedules, and is not adjusting assessment rates for inflation. For more information, click here.

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Collection Industry News

OCTOBER 3, 2022

Arkansas is one of seven states in which canceled student loan debt may be treated as taxable income, but whether it is, student loan forgiveness is expected to create a tax burden shift from the borrowers. That means as the federal tax code changes, they agree to it.”. According to Federal Student Aid, an office of the U.S.

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Student loans Student Loans Loans Education 40

Fraser

MAY 27, 2022

billion in tax cuts, with a party-line vote in the Senate and a more bipartisan vote in the House. How the money is spent, or returned to Michigan residents in the form of tax cuts or rebate checks, is sure to be a key issue in the November elections. The Republican-led Michigan Senate and House recently passed $2.5

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Acquisition Education Government 57

Troutman Sanders

MAY 9, 2023

On May 3, the Securities and Exchange Commission (SEC) published a final ruling on changes made to the Form PF. On May 2, the White House published a blog post, titled “The DAME Tax: Making Cryptominers Pay for Cost They Impose on Others.” The White House estimates that the DAME tax will raise $3.5

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Credit Corp

APRIL 3, 2023

Studies show that college tuition increased by 134% at private colleges and 175% at public universities from 2003 to 2023. Quick Answer : 529 plans are tax advantaged savings plans to help pay for educational expenses. Types of 529 Plans Tax Advantages of 529 Plans How to Open a 529 Plan How Much Does a 529 Plan Cost?

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Education Student loans Student Loans Debt collector 52

UK debt collections

JULY 27, 2023

This tight labour market has continued to push up wages for small businesses, however, the rate of growth has slowed slightly. Xero’s Small Business Index, based on anonymised and aggregated data from hundreds of thousands of small businesses, rose three points across May and June, recovering slightly after falling by 11 points in April.

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Retail Collection Agencies Collections Agency Credit Management 52

Credit Corp

OCTOBER 31, 2023

And the lack of interest rate 4 , annual fee, and credit limit flexibility available with this card make it a great choice if you’re looking to build your credit. Snapshot: The Secured Chime Credit Builder Visa® Credit Card 1 doesn’t have interest 4 or an annual fee, which makes it a great credit-building 2 option. No annual fee.

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Collateral Credit Card Debt Banks Lender 104

Troutman Sanders

FEBRUARY 27, 2023

The CFPB found that the entities violated the Military Lending Act by extending prohibited title loans to military families and, oftentimes, by charging nearly three times over the 36% annual interest rate cap. For more information, click here. For more information, click here. For more information, click here.

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Collection Industry News

OCTOBER 21, 2022

As homeowners reel from a sudden surge in mortgage costs, a spike in five-year UK swap rates has also sent chills across Britain’s $1.6 Data from MSCI, which tracks monthly changes over 1,794 properties valued at around 37 billion pounds ($42 billion), showed values fell by 2.6% and Hammerson (HMSO.L)

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Retail Lender Loans Acquisition 40

Fraser

APRIL 29, 2022

negotiated rates and historical net prices for covered prescription drugs (enforcement deferred until further notice). negotiated rates and historical net prices for covered prescription drugs (enforcement deferred until further notice). BACKGROUND. See FAQ Part 49. DEPARTMENTS’ GUIDANCE. Machine Readable Files.

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Lawyers Manufacturing Collections 52

CSA

MARCH 4, 2021

Given the economic circumstances facing Rishi Sunak before he stood up to deliver Wednesday's Budget (3 March), you could be forgiven for thinking he faced one of the most difficult tasks a Chancellor has had to grapple with for decades. The primary goal for the Budget was ?to to do no harm? We expect this to add about ?45bn levels thereafter.

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Troutman Sanders

MAY 2, 2023

PACE loans, secured by a property tax lien on the borrower’s home, are often promoted as a way to finance clean energy improvements, such as solar panels. For more information, click here. On April 29, U.S. Representative Patrick McHenry (R-NC) and U.S. The bill additionally leaves room for assets that don’t fit neatly into either category.

Financial services 52

Financial services Trade Consumer Credit Government 52

Troutman Sanders

DECEMBER 20, 2022

In its original complaint against the scheme operators, the FTC alleged that the operators provided false information to credit reporting agencies; pitched customers a supposed business opportunity to create their own fake credit repair scheme; and encouraged users to pay for misleading services using COVID-19 tax relief funds.

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Financial services Student loans Student Loans Loans 52

Troutman Sanders

SEPTEMBER 11, 2023

Forty-one states and the District of Columbia are entering into a parallel multistate settlement addressing the same conduct. Tempoe is paying a $2 million penalty, with $1 million deposited into CFPB’s victims’ relief fund and $1 million paid to the states entered into the settlement. For more information, click here.

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Financial services Student loans Student Loans Banks 52

Burr Forman

FEBRUARY 19, 2021

The COVID-19 global outbreak continues to bring change and uncertainty for all of us, and businesses nationwide are feeling the effects of the pandemic. Employers should revise their COVID-19 plans to incorporate these new, and constantly changing, developments. Reevaluate Your COVID-19 Plan.

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Healthcare Education Trade Government 40

Troutman Sanders

MARCH 8, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. Currently, any student loan debt canceled by the government can be considered taxable and levied at the borrower’s normal income tax rate.

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Financial services Retail Foreclosure Financial Institution 52