NEWPORT NEWS, Va., March 21, 2024 /PRNewswire/ -- BayPort Credit Union today announced it was awarded a Diamond Award by the Credit Union National Association (CUNA) Marketing and Business Development Council. BayPort won in the new Public Relations category for the promotion of their $500,000, multi-year transformational grant called Accelerating Change Together (ACT), which was launched in partnership with two other leading corporations based in Newport News, Virginia.
In the complex world of debt collection, third-party collection companies play a pivotal role in helping businesses recover outstanding debts. However, ensuring that these entities operate ethically, efficiently, and within legal boundaries is crucial. This is where audits come into play. Auditing third-party collection companies isn’t just a routine task; it plays a crucial role in maintaining compliance, safeguarding customer interests, and preserving your company’s reputation. Key considerations when auditing your vendors include both emphasizing alignment with company criteria as well as adherence to state and federal regulations.
NEW YORK – New York Attorney General Letitia James today filed a lawsuit against a major operation of over 30 companies and individuals for exploiting small businesses through fraudulent loans at sky-high interest rates disguised as merchant cash advances.
The Better Business Bureau reports that older adults[2] lose more than $36 billion to financial fraud every year.[3] According to the FBI’s Internet Crime Complaint Center, 105,301 cases of fraud against persons age 60 or older were reported in 2020.[4] In 2021, 128,216 offenses against persons age 65 or older were reported through the National Incident-Based Reporting System.
AUSTIN, Texas — New numbers from the Federal Reserve show more and more people are defaulting on their auto loan and credit card debts, with Texans having one of the highest rates in the country.
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