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National Financial Awareness Day: Why Financial Literacy is Beneficial For Everyone

True Accord

Whether it’s taking out a loan, buying a house, saving for retirement or purchasing goods on a credit card,, people are constantly being asked to make decisions that affect their personal finances. New York Federal Reserve , between the national student loan debt topping $1.6 Debt levels are on the rise again: according to the?

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Structuring and Closing M&A Deals with PPP Loans: Some Good News

Burr Forman

These PPP loans were vital lifelines for many borrowers at the height of the COVID-19 pandemic earlier this year, and the SBA reports that over 5 million PPP loans were extended. If the PPP borrower’s PPP loan is satisfied in full, then no approval is required. If a deal does not result in a change of ownership as.

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Explained: The Adrenaline-Driven Rise to GameStop Stock

Credit Corp

A few weeks ago, the company ( stock trading as ticker: GME) traded around lows of ~$19. They embarked on new initiatives, including the acquisition of Spring Mobile in 2013. Well, A Trading Euphoria Caused By …. But in this trading saga, Reddit users had driven up the price by buying so much.

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Retain and Grow Deposit Market Share as Interest Rates Rise

Fico Collections

introducing a highly competitive product to the market) with only a rough idea of what will happen, and then turning the tap off again (withdrawing the product from the market or reducing the rate) when balance acquisition targets are met. . Modelling Cannibalisation Flows. Neil Jennings.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On November 9, the Department of Education (DOE) announced its plan to implement an oversight strategy of federal student loan servicers that provides several pathways for identifying problems that can harm borrowers, in real-time. For more information, click here. For more information, click here. For more information, click here.

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US Banks Feeling The Economic Slowdown As Profits Fall

Collection Industry News

Year-on-year profits for the third quarter dropped across all the main financial groups on Wall Street due to slower investment banking activity and more provisioning of safety funds to cover potential loan losses, despite the fact that rising interest rates also pushed up their revenue. If the big six released $4.5 billion to $1.2

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Debt Collection in the Pandemic: UK Lenders Face Big Challenges

Fico Collections

But more tellingly, the penalty related to the mistreatment of business and personal customers who fell behind on credit card and loan payments between 2014 and 2018 – well before many of us had even heard of COVID-19. It marks the highest fine ever issued to a lender for what it deemed a breach of consumer credit rules.

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