Wed.Aug 16, 2023

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Majority of Americans Still Living Paycheck-to-Paycheck: Report

Account Recovery

More than 60% of Americans are living paycheck-to-paycheck, with the increased cost of everyday items like groceries and utilities straining household budgets, according to an online originator of personal loans. Even individuals making more than $100,000 per year have less savings to rely on and are struggling to make ends meet.

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CFPB Penalizes Freedom Mortgage and Realty Connect for Illegal Kickbacks

Consumer Finance

Lender provided incentives to Realty Connect and other brokerages in exchange for mortgage referrals

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Judge Dismisses Suit Challenging Student Loan Forgiveness Plan

Account Recovery

Well, that didn’t take very long. A District Court judge in Michigan has dismissed a lawsuit that challenged an initiative from the federal government seeking to forgive $39 million of student loan debt, determining the plaintiffs lacked standing to sue.

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Can I File for Bankruptcy Without a Lawyer?

Sawin & Shea

If you’re wondering “Can I file for bankruptcy without a lawyer?” The answer is yes. The option to file for bankruptcy without an attorney, known as Pro Se bankruptcy, is available under the United States bankruptcy law. Many individuals choose this path in an attempt to save money on attorney fees because it is one of the cheapest ways to file bankruptcy.

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

Speaker: Erika R. Bales, Esq.

When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.

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Daily Digest – August 16. Judge Recommends Denying Plaintiff’s Motion for Default Judgment; Judge Dismisses Suit Challenging Student Loan Forgiveness Plan

Account Recovery

Judge Recommends Denying Plaintiff’s Motion for Default Judgment Judge Dismisses Suit Challenging Student Loan Forgiveness Plan Majority of Americans Still Living Paycheck-to-Paycheck: Report 22 Companies Seeking Collection Talent WORTH NOTHING: Patients don’t appear to have any problems allowing AI into the examination room … A 13-year-old survived a 100-foot fall at the Grand Canyon … […]

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Judge Recommends Denying Plaintiff’s Motion for Default Judgment

Account Recovery

A Magistrate Court judge in South Carolina has recommended denying a plaintiff’s motion for default judgment in a Fair Debt Collection Practices Act case because he hasn’t met the burden for proving that the defendant was actually served with a copy of the summons and complaint.

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Dudley Resources Case Study: Successful Asset Recovery and Liquidation for Simply Mac

Collection Industry News

In the realm of comprehensive asset recovery solutions, Dudley Resources (DR) shines as a beacon of excellence. This case study showcases the remarkable success achieved through DR’s strategic partnership in the liquidation of Simply Mac. (SM), a company that faced intricate challenges during its Chapter 7 bankruptcy filing. Background: The Challenge of Overstated Inventory When Simply Mac. found itself entangled in Chapter 7 bankruptcy proceedings, it became apparent that their inventory

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Member Spotlight: Stay One Step Ahead with a CCE

NACM

The credit industry is constantly evolving. Credit professionals can remain on the cutting edge by earning a designation through NACM's Professional Certification Program. Through the various designations, credit professionals are guaranteed to learn more skills and gain knowledge in credit management that will keep them one step ahead.Harinder Vir.