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January

16
2024
Industry News

US House Panel Considers Commission to Tackle Nation's Soaring Debt

WASHINGTON (Reuters) - Bipartisan legislation to create a commission charged with taming the $34 trillion U.S. national debt is set to advance this week in a House of Representatives panel, as lawmakers battle over federal spending.

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January

16
2024
Industry News

CFPB files amicus brief on FDCPA case regarding scienter

On January 2, the CFPB announced its filing of an amicus brief in the U.S. Court of Appeals for the First Circuit that takes the position that debt collectors can and should be held strictly liable under the FDCPA regardless of whether they knowingly or unknowingly made a false statement.

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January

16
2024
Industry News

New York Amends Existing Credit Card Surcharge Prohibition

On December 13, 2023, the State of New York enacted Assembly Bill No. 2672 (Act), which modifies New York’s ban on credit card surcharges. The revised law takes effect on February 11, 2024.

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January

16
2024
Industry News

Department of Labor Advances Worker Classification Rule and Proposed Overtime Changes

The changes, especially proposed updates on overtime thresholds, could shape policies for employee pay and classification in the coming year.

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January

16
2024
Industry News

Hudson Valley Credit Union to Acquire Catskill Hudson Bank

POUGHKEEPSIE, N.Y. and KINGSTON, N.Y., Jan. 10, 2024 /PRNewswire/ -- Hudson Valley Credit Union (HVCU) announced today that it has entered into a definitive merger agreement with Catskill Hudson Bank and its parent company Catskill Hudson Bancorp, Inc. (OTCPK: CSKL) ("Catskill Hudson"), pursuant to which Catskill Hudson Bank will merge with and into HVCU, with HVCU as the surviving institution in a series of transactions.

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