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Fraser
JULY 7, 2020
While much attention has been paid to the struggles of businesses, such as restaurants and retail establishments, to survive the economic downturn wrought by the COVID-19 pandemic, those who lend to such businesses for the purchase of real estate are also dealing with the fallout. In some instances, this means the possibility of foreclosure.
Fico Collections
AUGUST 16, 2021
As the UK was only just coming out of lockdown in June 2020, this rise in spend is unsurprising, but the fact that average spending was 3.5% (£23) above 2019 levels suggests that, for those who have been able to save through the pandemic, there is confidence in their future financial stability. Missed payment rates remain low. Looking ahead.
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Collection Industry News
OCTOBER 21, 2022
LONDON, Oct 21 (Reuters) – Owners of Britain’s largest malls, skyscrapers and industrial hubs face hikes in borrowing costs and a recession that could depress prices by up to a fifth, forcing lenders and investors to reassess their appetite for commercial property. respectively. HSBC (HSBA.L) But the government’s Sept.
Collection Industry News
SEPTEMBER 29, 2020
A unique opportunity for Chapter 11 restructuring of small businesses with up to $7.5 million) to take advantage of a new way to restructure under chapter 11 of the Bankruptcy Code. The CARES Act special bankruptcy relief increased the debt limit under the Small Business Reorganization Act of 2019 (SBRA) from about $2.7
Fico Collections
JUNE 14, 2021
Our latest UK Credit Market Report on card trends for April 2021 shows the impact of the opening up of hospitality and retail on April 12. April 2021 saw a rise of 9 percent in retail sales, with clothes purchases up 70 percent over March 2021. This is the largest monthly increase in spend for over two years.
Troutman Sanders
DECEMBER 12, 2023
Department of Housing and Urban Development (HUD) announced an extension of the public comment date for its Notice of Proposed Rulemaking that would remove criminal conviction restrictions for fair housing testers by nine days, to January 11, 2024. For more information, click here. billion in student loan debt relief for 80,300 borrowers.
Troutman Sanders
DECEMBER 4, 2023
On December 1, the House of Representatives approved a resolution to repeal a Consumer Financial Protection Bureau (CFPB) rule that mandated banks to gather data on loan applications from women-owned, minority-owned, and small businesses to help lenders identify business development needs and opportunities. For more information, click here.
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