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More than 90% of households can handle a $400 expense shock, with low-income households showing unexpected resilience, according to a report released this week by The JPMorganChase Institute. By the Numbers: Key Findings: Additional Insights: The Bottom Line: The new data reveals a more optimistic view of American financial resilience than previously thought.
One of the challenging topics when filing for bankruptcy is whether or not to tell creditors. Should you inform your creditors about your plan to file for bankruptcy, or is it a bad idea? Here is what to know about this matter: What do you want to achieve? Your objective of notifying creditors about your plan can help you determine if doing so can be beneficial or not.
Merged Information on Credit Report Leads to FCRA Lawsuit Judge Denies Motion to Compel Arbitration in FDCPA Class-Action Nearly Half of Insured Americans Face Surprise Medical Bills and Coverage Denials Ability to Handle $400 Emergency Displays Consumers’ Financial Resiliency: Survey WORTH NOTING: Tips to help you save money when going back-to-school shopping … What a […]
Bankruptcy can help people who have large amounts of debt. Before you file for bankruptcy, you should understand what the process can do for you and your bankruptcy options. Here is what you should know: 1. What debts can you relieve with bankruptcy? There are many different kinds of debts. The debts you can resolve with bankruptcy include: Credit card debt Medical debt Loan debt However, not all forms of debt can be resolved with bankruptcy.
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?
EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more?
US stocks wavered Wednesday, giving back earlier gains as investors tried to recover from the week’s bruising losses. The Dow fell 234 points, or 0.6%, after gaining more than 400 points earlier in the day. The S&P 500 declined 0.8% and the Nasdaq Composite lost 1.1%. CNN’s Fear & Greed Index, which measures seven barometers of market sentiment, closed in “extreme fear” territory.
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US stocks wavered Wednesday, giving back earlier gains as investors tried to recover from the week’s bruising losses. The Dow fell 234 points, or 0.6%, after gaining more than 400 points earlier in the day. The S&P 500 declined 0.8% and the Nasdaq Composite lost 1.1%. CNN’s Fear & Greed Index, which measures seven barometers of market sentiment, closed in “extreme fear” territory.
A District Court judge in Connecticut has denied a defendant’s motion to compel arbitration in a Fair Debt Collection Practices Act class-action lawsuit, ruling the defendant — a debt buyer that purchased the account from the original creditor — did not have specific documentation reflecting the assignment of the plaintiff’s account.
A significant portion of insured, working-age Americans are grappling with unexpected medical bills and insurance coverage denials, which can lead to financial strain and delayed healthcare, according to the results of a survey conducted by The Commonwealth Fund.
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