Burr Forman

MARCH 15, 2021

Prior to the passage of The American Rescue Plan Act of 2021 on March 11, 2021 (the “Rescue Act”) the employee retention credit, as amended by the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (the “Relief Act”), was set to expire for wages paid after June 30, 2021.

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Collection Industry News

MARCH 15, 2021

The report states that “11 million renter and homeowner households were significantly overdue on their regular housing payments as of December 2020, placing them at heightened risk of losing their homes to foreclosure or eviction over the coming months.”

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Foreclosure Collections Government 40

Credit Corp

MARCH 15, 2021

Americans spent $141 billion on their credit cards for rewards, which is roughly 11% less than the $158 billion spent in the previous year, the second year in a row of a decrease in rewards spending. In 9 of 11 spending categories, men are more likely than women to spend money to get points. What Were People Buying? Methodology.

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Troutman Sanders

MARCH 15, 2021

On March 11, President Joe Biden signed the $1.9 On March 11, the Consumer Financial Protection Bureau (CFPB or Bureau) announced it is rescinding its January 24, 2020 policy statement, “Statement of Policy Regarding Prohibition on Abusive Acts or Practices.” For more information, click here. For more information, click here.

Financial services 52

Financial services Financial Institution Foreclosure Government 52

Troutman Sanders

MARCH 15, 2021

On March 11, the Consumer Financial Protection Bureau (CFPB) announced that it is rescinding a January 2020 policy statement that limited the “abusive acts and practices” standard created by the 2010 Dodd-Frank Act. Focus on Consumer Harm. Avoid Duplicative Claims. Seek Monetary Relief Only from Bad Actors.

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Trade Government 52