Sun.Mar 10, 2024

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Consumer Advisory: Opportunity to cancel student loan debt ends soon

Consumer Finance

Many student loan borrowers have an opportunity to have their entire student loans cancelled or receive more credit towards cancellation, but they must act before April 30, 2024.

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Inside Job: Lots of Your Existing Tech Offers Built-In Reports

NCBA Law Practice Management Blog

Attorneys are slowly starting to access data about their law firms , so that they can make more informed decisions about what they will do to manage their businesses. And, each day, data is being aggregated around your law practice , which means the information pile from which you have to pull, continues to increase. So, how do you organize it, in an effective way?

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CFPB Letter to New York State on the Prohibition on Abusive Conduct

Consumer Finance

A letter written by Brian Shearer, CFPB Assistant Director of the Office of Policy Planning and Strategy, to Kathy Hochul, Governor of New York State, and members of the New York State Assembly and Senate.

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Nearly 1 in 4 Americans with debt are putting less money toward credit card payments: ‘People are really struggling’

Collection Industry News

Total credit card debt in the U.S. has reached a record high — but people are putting less money toward paying it down. Americans collectively hold $1.13 trillion in credit card debt as of the end of December, according to the Federal Reserve Bank of New York’s latest Household Debt and Credit Report. On an individual level, Americans carried credit card balances averaging $7,932 as of the end of 2023, per New York Life’s “Wealth Watch 2024” survey.

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How Collection Agencies Minimize Effort and Maximize Results with the Right Software

Navigating collections in the dynamic financial landscape presents multifaceted challenges. Organizations face pressures to maintain standards alongside software challenges like regulatory adaptations, data integration, security, workflow optimization, and automation. Finding the right software can save time and money. BEAM offers a comprehensive solution with specialized modules to streamline debt collection effortlessly.