Sat.Oct 30, 2021 - Fri.Nov 05, 2021

Amendments To The Federal Rules Of Bankruptcy Procedure Take Effect December 1, 2021

In the Red

. Each year amendments are made to the Federal Rules of Bankruptcy Procedure, which govern how bankruptcy cases are managed. The amendments address issues identified by an Advisory Committee made up of federal judges, bankruptcy attorneys, and others.

Eye of the Storm: How Will Alternative Business Structures Affect Traditional Law Firms

NCBA Law Practice Management Blog

Arizona has recently stricken the rule barring non-lawyer ownership in law firms from its professional ethics code. Utah is creating a sandbox environment to explore the same option.

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Survey shows true cost of Businesses chasing late payments

UK debt collections

A shocking survey has revealed that 32% of businesses are spending up to 75% on late payment issues. Businesses are surprisingly spending more time chasing overdue debts when that time would be better used for more positive purposes.

Getting to Know Chris Dunkum of First Collection Services

Account Recovery

The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management.

Mandatory COVID Vaccination Policy Template

The federal government is developing a rule requiring employers with more than 100 employees ensure their workers are vaccinated or produce a negative COVID test weekly before entering the workplace. So, what can your organization do to prepare? Get Paycor’s COVID Vaccination Policy Template to help communicate important details to your employees.

A Good Collection Attorney Knows How to Benefit From New York’s Liberal Judgment Enforcement Policies

FFGN COLLECT NY

There is no state as liberal as New York when it comes to commercial debt collection and the enforcement of judgments against commercial entities. New York Civil Practice and Rules Article 52 grants the judgment creditor many liberties and privileges when it comes to enforcing a judgment.

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Unpaid Invoices as high as £200k affecting 1 in 5 SME’s

UK debt collections

Newly released data from Time Finance has revealed some startling findings. The data shows that an astonishing 70% of SME’s and Small businesses are suffering from late payments from their customers.

Security Credit Services acquires Commonwealth of Virginia based Jormandy

Account Recovery

Oxford, MS – November 2, 2021. Security Credit Services, (SCS) an Oxford, MS based nationally known and trusted purchaser of both performing and non-performing receivables, announces its acquisition of Jormandy, LLC, based in Norfolk, VA.

Jimerson Birr Named Amongst Best Law Firms For 2022

Jimerson Firm

Jacksonville, Fla — November 5, 2021 — Jimerson Birr, a Florida-based business law firm, has been named one of the “Best Law Firms” for the third consecutive year, according to U.S. News – Best Lawyers® 2022 rankings. Firms recognized by U.S.

Tennessee Passes New COVID-19 Legislation

Burr Forman

On October 30, 2021, the Tennessee General Assembly passed significant legislation that severely curtails the ability of private employers in Tennessee to implement COVID-19 restrictions in the workplace.

Swiss Government takes debt collection action over unpaid fees

UK debt collections

Switzerland spent more than seven million francs repatriating citizens in the first wave of the Covid pandemic. The Swiss government has started debt collection proceedings to recover almost half a million francs spent on Covid repatriations.

Judge Grants MTD in FDCPA Case Over Credit Reporting Language in Letter

Account Recovery

A District Court judge in New Jersey has granted a defendant’s motion to dismiss a class action Fair Debt Collection Practices Act case over language related to furnishing information about an unpaid debt to a credit reporting agency in a collection letter.

Finding the perfect place to bank: Our guide to your new financial home

Kasasa

What's your favorite restaurant? We're not talking about the closest one that you run to when you’re in a hurry, or the one that you visit most often because it's super kid-friendly, or even the one that is wicked pricy, but when your in-laws come to town, you take them there to impress them.

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Statement of CFPB Director Chopra on Stablecoin Report

Consumer Finance

CFPB Director Rohit Chopra released a statement today regarding the Report on Stablecoins issued by the President’s Working Group on Financial Markets, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation. Press release

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Bankruptcy figures hit 22 year record low

UK debt collections

The number of individuals entering bankruptcy has hit a record 22-year low with only 1,938 bankruptcies occurring in the third quarter of 2021.

Daily Digest – November 5. En Banc Petition Coming in Hunstein Case; CFPB Issues FCRA ID Matching Advisory Opinion

Account Recovery

PREFERRED LAWYER CONFIRMS EN BANC REHEARING PETITION TO BE FILED IN HUNSTEIN CASE One of the attorneys representing the defendant in Hunstein v.

5 ways to build cash flow by end of year

American Profit

Improving cash flow should be a year-round process for your organization. Looking at the backbone of your business should not happen once a year. It should always be a top priority when running a business of any size.

6 Gift Categories Unaffected by Supply Chain Delays

Nerd Wallet

This year, the excitement around what to give people for the holidays is clouded with a question: Will gifts arrive on time?

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May Courts Order Public Records Requesters to Return Mistakenly Released Documents?

Public Citizen

by Paul Alan Levy. In releasing documents electronically pursuant to a public records request, a local government body in New Jersey made a rookie error : using Word to perform redactions in a manner that was easily undone when the requester opened the documents on his own device.

CFPB Publishes FAQs on Validation Information, Guidance on MVN’s Itemization Table

Account Recovery

The Consumer Financial Protection Bureau issued another set of Frequently Asked Questions related to Regulation F on Friday, this time tackling the area of Validation Information and Validation Information related to Residential Mortgage Debt.

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How You Can Bank for the Planet: A Review of Socially Responsible Banking Options

Credit Corp

Disclaimer: The views and opinions expressed in this article are those of the author only and are not endorsed by Credit.com. Did you know that many traditional banks use your deposits to fund companies that may not align with your values? If you didn’t, you’re not alone.

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When a Will Won’t Work

Nerd Wallet

A will allows you to distribute your worldly goods, select a guardian for minor children and name an executor to carry out your wishes. But you should be aware of what a will can’t or shouldn’t do.

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CFPB Takes Action to Stop False Identification by Background Screeners

Consumer Finance

The CFPB today issued an advisory opinion affirming that consumer reporting companies, including tenant and employment screening companies, are violating the law if they engage in shoddy name-matching procedures. Press release Consumer complaints

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Daily Digest – November 2. NYDFS Proposes Debt Collection Rule Changes; Judge Grants MTD in FDCPA Case Over Credit Reporting Language

Account Recovery

How Are You Saving Your Money?

Credit Corp

See how your savings habits and priorities stack up against others. . Building healthy savings habits is never easy. A Starbucks here and some takeout there might have that much of an impact. However, impulse spending is something many struggle with.

4 Ways to Sustain Savings Habits From the Pandemic

Nerd Wallet

Whether out of choice or necessity, many people spent less money in the last year and a half on things like entertainment, clothes and furniture. For some, that meant holding on to more of their income.

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CFPB Finds Credit Report Disputes Far More Common in Majority Black and Hispanic Neighborhoods

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) today released research finding that consumers in majority Black and Hispanic neighborhoods, as well as younger consumers and those with low credit scores, are far more likely to have disputes appear on their credit reports. Press release Access to credit Data Credit reports and scores Research Fair Credit Reporting Act

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Preferred Lawyer Confirms En Banc Rehearing Petition to be Filed in Hunstein Case

Account Recovery

One of the attorneys representing the defendant in Hunstein v.

CMS Issues COVID-19 Health Care Staff Vaccination Interim Final Rule

Burr Forman

On November 4, 2021, the Centers for Medicare & Medicaid Services (“CMS”) announced its interim final rule regarding vaccination requirements for eligible staff of certain health care providers.

Mortgage Outlook: November Rates Continue Marching Uphill

Nerd Wallet

November mortgage rates forecast After climbing solidly higher in October, mortgage rates are likely to continue rising in November, but not as steeply. The average rate on the 30-year fixed-rate mortgage was 3.04% in October, a significant increase from September’s average of 2.91%.

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