December, 2021

Remove 2020 10
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Business Insolvencies hit highest level since Pandemic began

UK debt collections

compared to 891 in November 2020. Between 26th June 2020 and 30th November 2021, in England & Wales, 15 moratoriums were obtained and 10 companies had a restructuring plan registered at Companies House. These two new procedures were created by the Corporate Insolvency and Governance Act 2020.

Trade 59
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The CFPB Takes Aim at Overdraft Fees

Troutman Sanders

The first indicated that in 2019 alone, overdraft and other nonsufficient fund fees generated over $15 billion in revenue for consumer banks, with large banks (those with assets over $10 million), collecting three-quarters of the total revenue reported. Bureau, Prepared remarks of CFPB Director Rohit Chopra on the Overdraft Press Call (Dec.

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Tennessee Governor Bill Lee Exonerates Adam Braseel in Connection to Wrongful Murder Conviction

Burr Forman

The exoneration follows a unanimous vote by the Tennessee Board of Parole in June 2020 recommending that Governor Lee exonerate Braseel. Tennessee Board of Parole Vote – June 24, 2020. However, the state Court of Criminal Appeals overruled that decision 10 months later and sent Braseel back to prison.

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Monthly Accounts Receivables Roundup for November 2021

Katabat

More than three in 10 respondents (31%) reported that their company uses this channel today compared to 22% in 2020 and 16% in 2019. InsideARM writes: “While letters and phone calls continue to be nearly universal approaches for collectors communicating with consumers, the use of text messaging has become more common.”.

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Monthly Accounts Receivables Roundup for November 2021

Katabat

More than three in 10 respondents (31%) reported that their company uses this channel today compared to 22% in 2020 and 16% in 2019. InsideARM writes: “While letters and phone calls continue to be nearly universal approaches for collectors communicating with consumers, the use of text messaging has become more common.

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Digital Account Opening in Finance: What Consumers Want

Fico Collections

In all, less than one in 10 believe it should never happen. Global research carried out by Accenture in 2020 showed that 5.6 In every country surveyed, most respondents said they were happy to have biometric data captured — if it was made clear why it was being done, underlining the need for effective customer communication.

Banks 52
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Corporate E-note December 2021

Burr Forman

The South Carolina Business License Tax Standardization Act (the “Act”) was enacted in 2020, but the effective date was generally delayed until January 1, 2022. The Department of Labor recently reversed a December 2020 final rule and resurrected the “80/20 Rule” governing how tipped employees are paid under the Fair Labor Standards Act.