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If you operate any type of business, you’ll have people who do not pay you. Late and non-paying consumers are not exclusive to any size business, either. Large organizations and small businesses struggle to get customers to pay sometimes. That’s part of being in business. However, not every reason for non-payment is the same. Many consumers have legitimate reasons for not paying their bills and struggle to meet their own financial obligations.
A federal judge on Friday temporarily blocked further staff layoffs and actions aimed at dismantling the Consumer Financial Protection Bureau. The ruling, issued by Judge Amy Berman Jackson of the District Court for the District of Columbia, comes after the agencys staff faced widespread layoffs and fears grew about the potential destruction of sensitive data critical to consumer protection efforts.
As the beverage industry continues to expand, legal disputes have become increasingly common. From craft breweries to major corporations, companies face three primary types of lawsuits: trademark disputes, misleading claims allegations, and distribution rights violations. This surge in litigation reflects the industry’s growing competition and complexity.
A key January inflation report surprised on the upside, with the Consumer Price Index (CPI) coming in at 3% year-over-year (versus 2.9% in December) and core CPI (excluding food and energy) clocking in at 3.3%. The hotter-than-expected number reinforces the notion that the Federal Reserves inflation battle is nowhere near done. Meanwhile, newly released data from the Federal Reserve Bank of New York shows total household debt hit a record $18.04 trillion in the fourth quarter of 2024, further un
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
Canadian drivers are racking up over a million-dollars-a-year in unpaid tolls, penalties and other fees on Port Authority crossings in New York and New Jersey, according to documents reviewed by The Post. The Port Authority of New York and New Jersey said 400 Canadian motorists end up in debt collections totaling $100,000 to $140,000 in unpaid tolls and fees every month meaning $1.4 million in annual lost revenue for the agency, a bidding document the agency sent to debt collectors showed.
A District Court judge in Illinois has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case, ruling that the plaintiff lacked standing because she failed to demonstrate a concrete injury. The background: The defendant attempted to collect a debt the plaintiff allegedly owed for unpaid rent after vacating an apartment.
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A District Court judge in Illinois has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case, ruling that the plaintiff lacked standing because she failed to demonstrate a concrete injury. The background: The defendant attempted to collect a debt the plaintiff allegedly owed for unpaid rent after vacating an apartment.
A fresh study from Juniper Research forecasts that the global value of QR code payments will surge by 50% from its current figures, reaching $5.4 trillion in 2025. This uptick is primarily fueled by the standardization of national QR schemes and the momentum behind account-to-account (A2A) payment initiatives. Why it matters:For credit and collection professionals especially those at debt collection agencies, fintechs, and banksstreamlined payment solutions are critical to ensuring on-time, fri
Judge Blocks CFPB Layoffs, Funding Cuts Pending Hearing Next Month Sticky Inflation, Rising Debt Levels Could Spell Trouble for Consumers Judge Grants Summary Judgment in FDCPA Case Over Lack of Standing QR Code Payments Poised for 50% Growth by 2025: Research Report WORTH NOTING: Three red flags to be on the lookout for if you are worried about burning out as a parent … The newest travel trend is something called “micro-retirements” … The cities where the richest of the
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