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DISCLAIMER: This article is based on a complaint. The defendant has not responded to the complaint to present its side of the case. The claims mentioned are accusations and should be considered as such until and unless proven otherwise.
Latest figures from the Insolvency Service have shown that there were 2,006 business insolvencies in England & Wales in May 2024, a decrease of 6% when compared to April 2024 figures (2,144) and 21% lower than the same month in the previous year. The business consisted of 271 compulsory liquidations , 1,590 creditors’ voluntary liquidations (CVLs), 126 administrations and 19 company voluntary arrangements (CVAs).
Complaint Accuses Collector of Not Reporting Debt to CRAs, Leaving Blank Voicemails Appeals Court Reverses Dismissal of FCRA Dispute Case California DFPI Makes Changes to Licensing Assessments, Report Experian Sues Plaintiff’s Attorney Firm, Alleging Fraud and Racketeering WORTH NOTING: Meet the man who invented the highway rest area … Concerns about losing their homes to […]
The retail industry is experiencing a significant shift with the rising demand for flexible financing options at the point of sale (POS). A study by Forrester Research revealed that businesses adopting online POS financing solutions experienced a 32% surge in sales. By simplifying the application process and offering immediate financing options, retailers can significantly enhance the shopping experience, encouraging higher transaction volumes and increased average order values.
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?
Bad debt in the personal loans sector is increasing, with defaults highest in the education segment and lowest in housing, according to an RBI report. Non-performing assets or NPA in education personal loans are at 3.6 percent, compared to 1.8 percent in credit cards, 1.3 percent in auto loans, and 1.1 percent in housing loans, as per the central bank’s Financial Stability Report for June 2024.
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Bad debt in the personal loans sector is increasing, with defaults highest in the education segment and lowest in housing, according to an RBI report. Non-performing assets or NPA in education personal loans are at 3.6 percent, compared to 1.8 percent in credit cards, 1.3 percent in auto loans, and 1.1 percent in housing loans, as per the central bank’s Financial Stability Report for June 2024.
The Court of Appeals for the Ninth Circuit has reversed a lower court’s dismissal of a Fair Credit Reporting Act lawsuit, ruling that separate allegations that the defendant failed to properly reinvestigate a dispute do not count as one continuous violation.
In a development that was first reported by ACA International, the California Department of Financial Protection and Innovation is proposing an amendment that would define the “net proceeds” use to determine how much licensees pay the department annually.
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