By krushton
On October 22, the Consumer Financial Protection Bureau (CFPB) issued a final regulation that will make it easier for debt resolution companies and other financial services and financial technology providers to gather data from clients and their banks. The so-called open banking rule stems from authority given to the CFPB under Section 1033 of the Dodd-Frank Wall…
By krushton
October is National Economics Education Month (NEEM) in the United States. How does this month differ from Financial Literacy Month, which is celebrated in April? According to the organization devoted to celebrating NEEM, economics is broader — it is “the study of scarcity,” and of how people use resources, respond to incentives, or make decisions. It…
By krushton
AADR CEO Denise Dunckel Morse has a new op-ed in NJBIZ explaining why state lawmakers should support Senate Bill 1310, legislation that would allow debt resolution companies to operate in New Jersey. Dunckel Morse writes: “Holiday driving season is approaching and, with that, car repairs. These days, a broken fuel pump can run more than…
By krushton
Click here to read this article in Spanish. Hispanic Americans play an increasingly vital role in the U.S. economy. While Latinos make up about 20% of the overall population, they represent 25% of all new small business owners. According to Arizona State University’s W.P. Carey School, Latinos are the fastest-growing contributors to the U.S. economy, are…
By krushton
Click here to read this article in English. Los hispanoamericanos han sido parte importante del crecimiento económico en los Estados Unidos, representando alrededor del 20% de la población. Los latinos han demostrado ser motores incansables de la economía, siendo responsables de la creación del 25% de las nuevas pequeñas empresas. Según la Escuela W.P. Carey de la Universidad Estatal…
By krushton
By Denise Dunckel Morse The Federal Reserve Bank of New York recently released its Report on Household Debt and Credit covering April to June 2024. This study, released every three months, provides data and insight into the credit conditions of U.S. consumers. The latest report was bleak. What did it say, and how can debt resolution companies…
By krushton
By Denise Dunckel Morse For me, the Fourth of July is synonymous with gratitude. It is, of course, a day to recall the men and women who, generations ago and since, fought to preserve our freedom. But Independence Day also reminds me how fortunate I am to have a home I can fill with friends…
By krushton
By Stacey Silva Marketing matters. It sets a company’s persona and is central to how firms connect with consumers. World famous management guru Peter Drucker even proclaimed marketing is “the distinguishing, unique function of the business.” Talk to consumers and lawmakers, though, and you will likely get a very different impression of the marketing profession.…
By krushton
Washington, DC, May 23, 2024 – In light of today’s House Energy and Commerce Committee markup of the American Privacy Rights Act (APRA), the American Association for Debt Resolution (AADR) stressed the importance for consumers and for debt resolution providers of a federal data privacy framework that would provide consistent and uniform privacy data requirements across…
By krushton
American families are struggling with debt, but did you know when that debt gets forgiven, the Internal Revenue Service treats it like extra income? In a new opinion piece in Fortune, AADR CEO Denise Dunckel Morse explains why this levy is unjust, and what the AADR is doing to convince members of Congress to change…