Illinois Appeals Court Nixes Creditor’s Arbitration Attempt
- Close a door, open a window, the saying goes. But when it comes to legal options, closing a door in some cases means that door stays closed for good. An Illinois Appeals Court has affirmed a creditor’s motion to compel arbitration after it filed a lawsuit to recover a deficiency balance, saying the lawsuit was inconsistent with its own arbitration agreement.
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Diabetes and Debt: New Study Links Type 2 Diagnosis to Financial Distress
- Patients with type 2 diabetes are significantly more likely to face serious financial hardship than their non-diabetic peers, according to a new study published in JAMA Network Open. The research, conducted by Ohio State University, linked electronic health records with credit reports and wage data for over 166,000 patients and found that individuals with diabetes fared worse across all seven financial metrics studied.
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CFPB to Rewrite Open Banking Rule, Seeks Stay in Lawsuit
- The Consumer Financial Protection Bureau filed a motion yesterday asking a federal judge to pause a lawsuit challenging its open banking rule, as the agency plans to substantially revise the regulation through a new rulemaking process. The judge granted the stay request.
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30 Companies Seeking Collection Talent
- The weekly job listings summary is the industry’s best all-you-can-eat buffet, filled with something for everyone. Regardless of where you live, where you are on the corporate ladder, or what kind of job you are looking for, there is something for everyone. Check out this week’s listings and see jobs in 20 different states and two countries.
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WORTH NOTING: The essentials you should have in your emergency preparedness kit … Tips to help you save money on back-to-school shopping … More healthy reasons why you should get out and walk … Using ChatGPT in the office too much may actually hurt your reputation … People trying to save for retirement point to this one thing as their biggest obstacle … A guide to the best laptops for work and play … A survival guide if you think AI is coming for your job … A group of influential women share the advice they would give their younger selves.
Wisdom Wednesday, part I
Wisdom Wednesday, part II
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