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May

3
2024
Industry News

No Funds Available for Additional Chapter 7 Trustee Payments

The Department of Justice (DOJ) has advised the Administrative Office of the U.S. Courts that it has no funds available to transfer to the Judiciary to make additional payments to eligible chapter 7 bankruptcy trustees for fiscal year 2023. Trustees interested in receiving the additional payments for fiscal year 2024 should still file payment eligibility certifications.

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May

3
2024
Trends

Simple Credit Rewards Work for Older Generations, but Not Gen Z

More than 80% of credit card users now receive reward offers from their card issuers and, on average, 72% of those rewards get used within 90 days. Meanwhile, 71% of consumers tell PYMNTS Intelligence that they are highly satisfied with the rewards that their primary card issuers offer them.

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May

3
2024
Industry News

Governor DeSantis Signs Legislation to Strengthen Florida’s Protections Against the Agenda of the Global Elite

JACKSONVILLE, Fla.—Today, Governor Ron DeSantis signed legislation to further strengthen Florida’s protections for consumers, teachers, and employees from being forced to adopt ideologies or reflect a preferred political behavior.

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May

3
2024
Trends

As Consumers’ Debt Burdens Rise, Government Agencies Have Opportunities to Better Assist Them with Key Services

U.S. consumers’ median minimum monthly debt payments grew by 32% between 2020 and 2023 – surpassing the rate of inflation (18%) during the same time. As consumer debt obligations continue to rise, a new TransUnion (NYSE: TRU) public sector study explores ways government agencies can better assist their constituents.

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May

3
2024
Industry News

Colorado rate exportation litigation: Why Colorado and the FDIC are wrong about where a loan is made for purposes of DIDMCA Section 525

Last week, we blogged about arguments by Colorado and the FDIC in their briefs opposing a motion for preliminary injunction that would enjoin application of Colorado’s opt-out statute with respect to loans by FDIC-insured state banks located outside of Colorado.

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