Credit and Collection News

April 23, 2024

After 26000 public comments, FTC to vote on rule banning noncompete agreements

Enlarge this image The U.S. Federal Trade Commission building in Washington, D.C. Paul J. Richards/AFP via Getty Images Paul J. Richards/AFP via Getty Images After receiving more than 26,000 public comments, the five members of the Federal Trade Commission are ...

April 20, 2024

Major Retailer Files for Chapter 11 Bankruptcy After 81 Years in Business

Crafts and fabrics retailer Joann filed for Chapter 11 bankruptcy protection while seeking to restructure $1 billion in debt and remain open. Joann intends to use bankruptcy to cut its debt in half through funding and negotiate with creditors. “Customers, ...

April 21, 2024

$5.5 Billion Credit-Card Settlement Deadline Approaching

Business owners have a limited time to claim their part of a $5.5 billion credit-card settlement.The settlement stems from a March 15, 2023, decision by the Second Circuit Court of Appeals. It upheld the final approval for a $5.54 billion ...

April 23, 2024

Capital One-Discover merger good for consumers

Bob Beauprez In Colorado, we know the importance of supporting our community. Shopping at a small business is more than just a transaction, it's bolstering a local economy and helping your neighbors’ businesses grow. We need smart regulatory decisions in ...

April 23, 2024

New FTC Rule Bans ‘Noncompete’ Agreements for Most Employees

WASHINGTON (AP) — U.S. companies would no longer be able to bar employees from taking jobs with competitors under a rule approved by a federal agency Tuesday, though the rule is sure to be challenged in court. The Federal Trade ...

April 19, 2024

Top 10 States with the Highest Number of Commercial Foreclosure in March 2024

According to ATTOM’s newly released U.S. Commercial Foreclosure Report, there is a persistent uptrend in commercial foreclosures over the years, starting from a minimum of 141 in May 2020 and reaching 625 in March 2024. This signifies a consistent rise ...

April 18, 2024

From the Web: Robots Will Not Steal Jobs

An Amazon exec told CNBC that the company has invested $751 million in new technology over the last five years and that AI is enhancing jobs. 04/18/2024 2:15 P.M. 1.5 minute read Amazon is continuously investing in technology, and recently ...

April 21, 2024

Colorado Debt Collectors Would Have To Disclose Who The Debtor Owes Under Proposed Bill

A bill in the Colorado legislature, filed in response to reports that patients were confused when a company they’d never heard of sued them over medical debts, would limit how collection agencies can pursue payment. HB-1380, which passed the state ...

April 23, 2024

River Valley Credit Union names new CEO for the first time in 29 years

Spivey is a Wright State University graduate with over 35 years of experience in credit unions. He served as senior vice president and chief financial officer at River Valley Credit Union.ExploreNew building with 114 housing units, retail space proposed for ...

April 24, 2024

Connecticut Gov. Ned Lamont pushes for more financial literacy education in schools

Half of the country now has state laws that require financial literacy for high schoolers, teaching them the ins and outs of balancing a checkbook, opening a bank account and more.Some educators and elected officials, like Connecticut Gov. Ned Lamont, ...