Sun.Dec 17, 2023

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Statement of CFPB Director Rohit Chopra, Member, FDIC Board of Directors, on the Final Rule to Protect the FDIC Name and Logo from Bad Actors

Consumer Finance

The FDIC Board of Directors is voting on a final rule to update the framework governing official FDIC signs and advertising requirements, as well as misrepresentations related to federal deposit insurance.

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It’s Not Me, It’s You: Website Design Is for the Consumer

NCBA Law Practice Management Blog

I was talking to a business owner the other day, and he was reluctant to design a website. He doesn’t want the focus to be o n him. He wants everything to be about the client s he serves. Now, this person was not a lawyer; but, I also hear this sentiment from lawyers regularly, as well. They believe that their websites have to focus on them, in order to be compelling to legal consumers.

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Prepared Statement of CFPB Director Rohit Chopra on the Financial Stability Oversight Council's 2023 Annual Report

Consumer Finance

Nine months ago, several large domestic systemically important banks (DSIBs) failed. The stress in the financial system led policymakers to take emergency actions to halt the contagion.

Banks 67
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Developing Countries Paid Record $443.5 Billion on Public Debt in 2022

Collection Industry News

Poorest countries face risk of debt crises as borrowing costs surge WASHINGTON, Dec. 13, 2023 —Amid the biggest surge in global interest rates in four decades, developing countries spent a record $443.5 billion to service their external public and publicly guaranteed debt in 2022, the World Bank’s latest International Debt Report shows. The increase in costs shifted scarce resources away from critical needs such as health, education, and the environment.

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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.