Most recently, there were 634 commercial Chapter 11 filings in August, a 54% leap from 411 such filings in August 2022, according to Epiq Bankruptcy, a provider of U.S. bankruptcy filing information, which released the new data last week.
Aug. 30, 2023 (DENVER)— Attorney General Phil Weiser announced today a settlement reached between his office and Parking Revenue Recovery Services, Inc. (PRRS) after an investigation found the Aurora-based company illegally collected or attempted to collect on fines for parking that was already paid for or were incurred by another vehicle owner.
Last week, three farm credit trade associations filed the latest in a series of unopposed emergency motions for leave to intervene in the Texas case challenging the Consumer Financial Protection Bureau’s (“CFPB”) final small business lending rule implementing Section 1071 of the Dodd-Frank Act (Rule).
September 13, 2023 – Washington, D.C. – ACA International (“ACA”) has responded to the Consumer Financial Protection Bureau (“CFPB”) Request for Information (“RFI”), made in partnership with the Centers for Medicare and Medicaid Services (“CMS”) and the U.S. Department of the Treasury, on medical payment products.
Financial institutions (FIs) have generally found fraud and financial crime to be continually more sophisticated. The rise of digital banking and ever-faster digital payment methods have accelerated this phenomenon. As a result, banks have had to elevate their systems and processes to find ways to stem the growth in fraudulent transactions — and the resulting uptick in financial losses.
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