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February

5
2024
Trends

Commercial real estate a 'manageable' problem but some banks will close: Powell

Federal Reserve chair Jerome Powell is predicting that more small banks will likely close or merge due to commercial real estate weaknesses, but that the problem is ultimately "manageable."

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February

5
2024
Industry News

Court Refuses to Dismiss Privacy Case Involving Alleged Unlawful Recording

In a recent court order (PDF), a California district court denied the defendants’ motions to dismiss a second amended complaint in a case involving allegations of unlawful recording and violation of privacy. The hearing, originally scheduled for Jan. 12, 2024, was deemed unnecessary by the court.

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February

5
2024
Industry News

CFPB and State AGs Prosecute Debt Relief Companies and Law Firms

In recent weeks, we have seen an increase in prosecution by the Consumer Financial Protection Bureau (“CFPB”) and state attorneys general against debt relief companies and law firms.

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February

5
2024
Industry News

AG Nessel Wraps Identity Theft Awareness Week with Tips on Recovering from Identity Theft

LANSING – To conclude Identity Theft Awareness Week (January 28-February 3) and to provide consumers with the knowledge to recognize and respond to identity theft crises, Michigan Attorney General Dana Nessel has re-issued her Identity Theft Recovery alert.

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February

5
2024
Industry News

Connecticut Will Cancel $650 Million in Medical Debt

Connecticut reportedly plans to cancel $650 million in medical debt for its residents. This relief will impact around 250,000 people and will make Connecticut the first state in the country to undertake such an effort, CNN reported Friday (Feb. 2).

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