Government News

Paul Heaberlin, September 4, 2022 Minneapolis-based U.S. Bank will raise the minimum wage for its employees to $20 an hour later this year. In an announcement last week, the bank said all employees in the U.S. and Canada would make…

OverPower Marketing, LLC, September 02, 2022 The Preferred Group of Tampa, a collection agency in Tampa, FL, has announced that they are addressing the common complaints regarding debt collection. Debt collectors are never going to be popular, but we want…

David O. Klein, 29 August 2022 In a recent Florida putative class action, Pariseau v. Built USA, LLC, plaintiff alleged that defendant violated the Telephone Consumer Protection Act(“TCPA”) as well as the Florida Telephone Solicitation Act (“FTSA”), by sending unsolicited…

Brad Dress, August 21, 2022 Education Secretary Miguel Cardona on Sunday said the Biden administration is due to announce a decision on whether to extend a pause on federal student loan debt in the next week, butting up to an…

PAUL WISEMAN, AP Economics Writer, Aug 5, 2022 WASHINGTON (AP) — America’s employers added a stunning 528,000 jobs last month despite raging inflation and anxiety about a possible recession, restoring all of the positions lost in the coronavirus recession. Unemployment…

Victoria Mossman , July 25, 2022 The UK’s Insolvency Service has utilised its new powers for the first time against directors that dissolve businesses to avoid the payment of its debts. The move is seen as the Insolvency Service ramping up…

Source: site Fitch Ratings-New York-15 July 2022: Borrowers continue to work with their servicers post-forbearance to avoid loan default, according to Fitch Ratings’ 1Q22 U.S. RMBS Servicer Metric Report. “Loan portfolio delinquencies for both bank and non-bank servicers remained stable in…

Source: site NEW YORK (Reuters) – Second quarter profits at big U.S. banks are expected to fall sharply from a year earlier on increased loan loss reserves, as the pandemic recovery gives way to a possible recession. Analysts expect JPMorgan Chase…

Source: site (Bloomberg) — US consumer spending fell in May for the first time this year and prior months were revised lower, suggesting an economy on somewhat weaker footing than previously thought amid rapid inflation and Federal Reserve interest-rate hikes. Most…

Source: site June 27 (UPI) — California lawmakers have reached a budget deal that will offer “inflation relief” payments to millions of taxpayers in the state. “California’s budget addresses the state’s most pressing needs, and prioritizes getting dollars back into the pockets…