Fico Collections

MAY 20, 2021

I’m very pleased to announce the release of the FICO® Falcon® Fraud Manager Retail Banking Consumer v3.0 model, which adds a Scam Detection Score to Falcon’s existing third-party fraud detection score for retail banking transfers. APP scams are not just a major problem in the UK. Based on reports to the U.S. While the original v2.0

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Retail Banks Trade 52

Troutman Sanders

JUNE 25, 2021

The law applies to food and drink establishments, places of entertainment, and retail stores in New York City that collect, retain, convert, store, or share biometric identifier information ( e.g. , retina or iris scans, fingerprints, voiceprints, and hand scans) from customers. Such signage must use plain, simple language.

Retail 52

Retail Financial Institution Government Trade 52

UK debt collections

MARCH 7, 2024

The current trading conditions are being added to by the growing cost of small business late payment for SMEs. increase in 2022, showing how weak festive trading was. Retail sector showing weak results The weakest results were seen in the retail sector , where sales fell 1.7% billion in 2023. y/y compared to a 9.7%

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Retail Debt Recovery Retrieval Trade 72

Nerd Wallet

SEPTEMBER 2, 2020

These days, you can sit on your couch and get a pretty accurate answer to the age-old question: “What’s my trade-in worth?” As online used car retailers streamline the buying process, they’re creating more convenient ways to handle car-buying’s Achilles’ heel, the trade-in. Philip Reed is a writer at NerdWallet.

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Retail Trade Loans 105

Troutman Sanders

DECEMBER 13, 2023

On December 12, the Federal Trade Commission (FTC) published the long-awaited regulation specific to motor vehicle dealers to address concerns of consumer deception in the sales process (Final Rule). We covered the proposed rule, introduced in June 2022, in a blog post here and podcast here.

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Retail Trade 52

Nerd Wallet

OCTOBER 14, 2022

Selling your car privately can mean more money than trading it in at a dealership or online retailer. But making the sale can be difficult. The easiest car to sell privately is one you own outright and for which a buyer is paying cash. Selling a car becomes more difficult when: You have a loan. Whitney Vandiver writes for NerdWallet.

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Retail Trade Loans 76

Nexa Collect

OCTOBER 31, 2022

Retail/Consumer Misc. Contractors, Special Trade. Distribution. Medical / Athena. Construction. Publishing. Credit Unions. Pest Control. Auto Supply & Repair. Restoration Companies. Commercial. Industrial. Optometrists. Repair Services. Waste Management.

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Credit Unions Credit Unions Manufacturing Collection Agencies 130

Troutman Sanders

JANUARY 29, 2024

In November 2022, the Financial Industry Regulatory Authority (FINRA) launched a targeted crypto asset sweep, reviewing more than 500 retail communications related to crypto assets from member firms.

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Retail Trade 52

Credit Corp

JANUARY 28, 2021

GameStop, a dying video game retailer, has blown past epic proportions to the point of hitting all-time highs in the stock market. A few weeks ago, the company ( stock trading as ticker: GME) traded around lows of ~$19. Similar to BlockBuster, people stopped buying video games in-person at retail stores.

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Trade Retail Acquisition Financial Institution 134

Troutman Sanders

JANUARY 9, 2024

The Federal Trade Commission (FTC) and Connecticut Attorney General William Tong filed suit against auto dealer Manchester City Nissan (Manchester City), its owner, and several employees for allegedly deceiving consumers about the price of certified used cars, add-ons, and government fees.

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Trade Retail Government 52

UK debt collections

NOVEMBER 28, 2022

The move should mean suppliers are also able to secure trade credit insurance for H&B, which had been pulled given the leveraged nature of the group. As a health and wellness retailer, the financial health of our suppliers is very important to us,” a H&B spokeswoman told The Grocer news site.

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Retail Debt Recovery Trade Startups 59

Troutman Sanders

MAY 4, 2023

He helps clients navigate examinations and investigations with the CFPB, Federal Deposit Insurance Corporation (FDIC), Federal Reserve Board, Federal Trade Commission (FTC), and various state agencies. He advises fintechs, banks, investors, and other clients on federal and state consumer financial laws and regulations, including UDAAP.

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Retail Trade Financial Institution Financial services 52

UK debt collections

JUNE 26, 2023

Given that trading conditions remain extremely challenging, the number will likely continue to climb through the second half of the year,” said David Kelly, head of insolvency at the accountants PwC. Numbers have risen since, reaching a 13-year high in the final quarter of 2022 and staying close to that in the first quarter of 2023.

Construction 59

Construction Retail Manufacturing Trade 59

Burr Forman

AUGUST 18, 2021

The exam covers both self-directed and rep-recommended retail accounts (not institutional or managed accounts) during January 1, 2020 through the present. v) any limitations, such as trading limitations, imposed on customers. Compliance manuals and other documents pertaining to supervision of options trading in customer accounts.

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Trade Retail Financial Institution 52

UK debt collections

NOVEMBER 15, 2023

Creditor voluntary liquidations at high levels Nicky Fisher, President of R3, the UK’s insolvency and restructuring trade body said “Firms have been battling economic issues for three and a half years now, and corporate insolvency numbers are rising as more and more directors run out of options. Businesses are being battered from all sides.

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Government Trade Retail Creditors 59

UK debt collections

NOVEMBER 24, 2023

Meanwhile, 337,000 new businesses began trading nationwide in 2022 – down from 364,000 the year before. Information and communication businesses had the second highest death rate at 13.6%, while accommodation and food services, and retail industries had the joint-third highest at 12.8%.

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Retail Trade Government 95

Troutman Sanders

APRIL 5, 2023

Indeed, the motion to dismiss explains that consumers receive credit under retail installment contracts with the motor vehicle dealers and that Credit Acceptance has no contact with vehicle purchasers until after the credit agreements are executed and assigned to the company by the dealer. (2)

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Trade Consumer Credit Financial services Government 52

Burr Forman

AUGUST 31, 2021

broker-dealer and investment adviser use of “digital engagement practices” or “DEPs”, including behavioral prompts, differential marketing, game-like features (commonly referred to as “gamification”), and other design elements or features designed to engage with retail investors on digital platforms (e.g., Release at 2-3. S7-10-21 (SEC Aug.

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Retail Trade Financial Institution 59

UK debt collections

JUNE 14, 2022

According to Allan Cadman, North West chair of the insolvency trade body R3, due to confusion over the rules, in some cases businesses are facing legal demands for payment of the full amount of rent owed. It is often the biggest overhead and the first to be affected by low trade.

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Trade Retail Collection Agencies Collections Agency 64

Burr Forman

FEBRUARY 5, 2021

On Thursday, January 28, trading-app broker-dealer Robinhood – a self-styled disrupter democratizing trading – suspended its users’ ability to buy Gamestop stock or options (along with other stocks). At least one suit alleges Robinhood’s action was “a concerted effort to de-platform ” it clients: [link]. The Complaint is here.

Trade 52

Trade Retail Lawyers Financial Institution 52

Troutman Sanders

OCTOBER 4, 2022

Federal Activities: On September 30, the Commodity Futures Trading Commission (CFTC) filed an enforcement action against crypto futures and spot market exchange Digitex and its founder and CEO Adam Todd. State Activities. The CFTC alleged that Digitex violated the Commodity Exchange Act by failing to register as a futures commission merchant.

Financial services 52

Financial services Trade Retail Banks 52

Troutman Sanders

SEPTEMBER 29, 2022

Chamber of Commerce (the Chamber) submitted an amici curiae brief in support of Walmart in Federal Trade Commission v. In support, the Chamber and the Retail Litigation Center, Inc. Walmart Inc. , 1:22-cv-3372 (N.D. On September 6, Walmart filed its motion to dismiss. RLC) filed its amici curiae.

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Retail Trade 52

UK debt collections

JULY 5, 2022

Grigorijs Hacaturjancs was director of Beauty & Melody Shop Ltd which was incorporated in 2015 and operated as an online retailer for hair and beauty products. The company was not related to the London-based chain of hair and beauty salons of the same name.

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Retail Loans Trade Banks 59

Collection Industry News

JULY 4, 2022

Walmart ( WMT ) has been sued by the Federal Trade Commission (FTC) for allegedly allowing millions of dollars in fraudulent money transfer services, but the retail giant has slammed the suit, claiming it is “unfounded” and “ignores the billions” it has saved customers. Source: site.

Retail 40

Retail Trade Collections Education 40

Troutman Sanders

JANUARY 24, 2022

On January 20, the Federal Trade Commission (FTC) issued an advisory opinion on the impact of the Trade Regulation Rule Concerning Preservation of Consumers’ Claims and Defenses (Holder Rule) on the recovery of attorneys’ fees and costs above the amount paid on a consumer receivable arising out of a financed sale of goods or services.

Trade 52

Trade Retail Debtor Loans 52

Troutman Sanders

OCTOBER 3, 2023

On October 2, Grayscale Investment submitted its filing to the Securities and Exchange Commission (SEC) to convert its Ethereum Trust into a spot exchange traded fund (ETF). On September 29, the Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB) filed a joint amicus brief in the U.S.

Financial services 52

Financial services Student loans Student Loans Trade 52

Burr Forman

FEBRUARY 9, 2021

In that week when GME swung wildly from $76 to $347 per share, regulators issued several investor alerts warning about the risks of short-term trading in volatile assets. FINRA issued its Investor Alert cautioning against emotional trading not aligned with long-term financial means and goals, among others. 28, 2021), here.

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Trade Financial Institution Retail Financial services 52

Credit Corp

JUNE 30, 2021

This is a retail-focused, blue chip REIT that owns more than 6,500 properties. It owns retail properties that are not part of a wider retail development (such as a mall), but instead are standalone properties. of billings for retail and 95.3% The following 12 monthly dividend stocks make 12 dividend payments each year.

Retail 94

Retail Loans Trade Acquisition 94

Troutman Sanders

NOVEMBER 5, 2021

While stablecoins are primarily used for speculative trading, they may be used in connection with consumer deposits, stored value instruments, retail and other consumer payments mechanisms, and in consumer credit arrangements. Second, the CFPB is monitoring for broader consumer adoption of cryptocurrencies.

Trade 52

Trade Retail Consumer Credit Government 52

Troutman Sanders

OCTOBER 19, 2022

Established under the Dodd-Frank Act, FSOC is chaired by Treasury Secretary Yellen, and its members include the heads of financial agencies, such as the Federal Reserve Board, the Securities and Exchange Commission (SEC), and the Commodity Futures Trading Commission. financial regulators.

Trade 52

Trade Banks Retail Government 52

Credit Corp

NOVEMBER 16, 2021

But this risk doesn’t really apply to retirees simply looking for ongoing interest income rather than looking to trade bonds. You could invest in publicly-traded REITs , bought and sold on stock exchanges and just as passive as stocks, but they tend to share a high correlation with stock markets. Crowdfunded Private REITs.

Retail 98

Retail Loans Lender Trade 98

Troutman Sanders

FEBRUARY 26, 2024

Securities and Exchange Commission (SEC) and South Korea’s Financial Supervisory Service (FSS) will discuss the classification and regulation of nonfungible tokens (NFTs) and spot Bitcoin exchange-traded funds (ETFs). On February 23, the Federal Trade Commission (FTC) announced that it finalized an order with Global Tel*Link Corp.

Financial services 52

Financial services Financial Institution Trade Banks 52

UK debt collections

DECEMBER 8, 2022

MPs have been fiercely critical of the regulator, Ofgem , for allowing a raft of energy retailers to set up without proper checks. Last week, Ofgem set out a series of reforms for the energy retail market, however industry leaders claim these reforms are doomed to fail. billion to rescue its customers.

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Retail Government Trade 59

Credit Corp

MARCH 18, 2021

Real estate stocks can involve any publicly traded stock for a business that touches the real estate market in some shape, form, or fashion. These can range anywhere from: real estate brokers technology companies manufacturers retailers developers financiers. What Are Real Estate Stocks?

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Trade Retail Manufacturing Healthcare 105

Troutman Sanders

JANUARY 3, 2024

On December 8, the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) filed an amici curiae brief urging the U.S. On December 27, the Massachusetts AG’s office announced it sued SpireBit, an allegedly phony digital assets trading firm, for defrauding customers. For more information, click here.

Financial services 52

Financial services Trade Retail Bankruptcy 52

Burr Forman

MARCH 3, 2021

Zero-Commission Implications – The recent GameStop imbroglio brought to the fore some regulatory and compliance implications of the broad adopting of zero-commission retail trades, among them, best-execution, payment for order flow, market-maker compliance, and disclosures.

Retail 52

Retail Financial Institution Trade 52

UK debt collections

JUNE 17, 2021

At the end of this month businesses will still face the tapering off of furlough and business rates relief, and the suspension of wrongful trading liability.”. Helen Dickinson, Chief Executive of the British Retail Consortium , said “This is a very welcome announcement, addressing an issue of vital importance in the nick of time.

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Government Retail Trade Collections 59