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A guarantee is a written promise by one person to pay another’s debt. In a commercial setting, a guarantee is typically the promise of an owner or officer to pay the debt of a corporate entity should it default on its obligation. A commercial guarantee provides additional security and consideration for the creditor. It’s an additional incentive for the corporate entity to fulfill its obligations.
A summary of the risks consumers face with home equity investment contracts and agreements, including high costs, lack of disclosures, forced sale of home, and liens.
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CFPB Director Rohit Chopra and General Counsel Seth Frotman published an article in the Harvard Journal on Legislation examining state enforcement as a federal legislative tool.
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?
A District Court judge in Illinois has granted a defendant’s motion to dismiss after it was sued for sending a letter to an individual who had indicated that email was the only convenient channel of communication. The ruling, issued by Judge Georgia N. Alexakis of the District Court for the Northern District of Illinois, was based on the fact that the plaintiff lacked standing to sue because she did not suffer a concrete injury.
A guaranty is a written promise by one person to pay another’s debt. In a commercial setting, a guaranty is typically the promise of an owner or officer to pay the debt of a corporate entity should it default on its obligation. A commercial guaranty provides additional security and consideration for the creditor. It’s an additional incentive for the corporate entity to fulfill its obligations.
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A guaranty is a written promise by one person to pay another’s debt. In a commercial setting, a guaranty is typically the promise of an owner or officer to pay the debt of a corporate entity should it default on its obligation. A commercial guaranty provides additional security and consideration for the creditor. It’s an additional incentive for the corporate entity to fulfill its obligations.
The Consumer Financial Protection Bureau yesterday announced a proposed rule aimed at curbing the use of unfair clauses in consumer financial contracts that undermine fundamental rights. The new rule seeks to protect consumers from being forced to waive legal rights, suppress free speech, or endure unilateral changes to contract terms by financial companies.
In todays digital age, cybersecurity has become a critical concern for businesses and individuals alike. With increasing cyber threats and data breaches, it is essential to understand the legal frameworks that govern the protection of information systems. In Florida, specific statutes and regulations address cybersecurity, imposing obligations on organizations to safeguard sensitive data and ensure compliance with state laws.
When starting your career as a pedagogist and a dance teacher, you dont expect to end up excelling in B2B sales. But these two might not be so far apart. For Natascha, the link is clear: persuasion and instilling enthusiasm. This is her story. She has been working at Onguard for 24 years, she loves philosophy and art, and she is Onguards go-to person for sustainability, a former active member of the work council, the organisations Unicef project team member, and a gender diversity advocate.
As President-Elect Donald Trump prepares to take office for a second term, the American Bankers Association, along with 52 state banking affiliates, sent the president-elect a letter, urging a complete halt to all ongoing regulatory actions impacting the financial sector. The ABA is asking the incoming administration to pause regulatory work across all financial agencies, including independent bodies, and extend the effective dates of final regulations until new teams have had a chance to review
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Collector Facing FDCPA Class Action for Not Including Validation Info in Non-MVN Initial Notice Judge Grants MTD in FDCPA Case Over Email-Only Communication Demand CFPB Proposes Rule to Protect Consumers from Unfair Contract Clauses ABA Sends Letter to President-Elect Trump Calling for Immediate Regulatory Pause WORTH NOTING: Dementia is on the rise.
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