The U.S. federal government shutdown has entered its second week, and uncertainty is mounting across the nation. For the first time in years, agencies are preparing not only for furloughs but for potential layoffs. The financial implications stretch beyond Washington, affecting contractors, local businesses, and industries that depend on predictable cash flow. For debt collection…
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Artificial intelligence is no longer just supporting banking; it’s increasingly taking on agentic roles, making decisions, initiating actions, and shaping outcomes. While these technologies promise efficiency and innovation, they also raise significant challenges and ethical questions. For financial institutions, striking a balance between the benefits of agentic AI and the responsibilities of compliance and fairness…
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As small businesses navigate 2025, economic uncertainty continues to shape financial landscapes, with tariffs playing a pivotal role. Trade policies and import costs impact operational expenses, profitability, and ultimately, business debt levels. This article explores how tariffs influence small business debt, drawing insights from Global Findex data and past economic trends, and provides strategies for businesses to stay financially resilient in a shifting market.
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Small business debt is a growing concern in 2024, with rising interest rates, inflation, and cash flow challenges affecting entrepreneurs nationwide. Using insights from the Global Findex Database, this article explores key debt trends, the biggest financial hurdles small businesses face, and practical strategies for managing outstanding receivables. Whether you're struggling with late payments or looking to optimize your financial stability, understanding these insights can help you make informed decisions.
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The CFPB's latest report highlights a concerning trend in the financialization of medical and rental debt, where financial products are increasingly integrated into essential services. This shift is causing significant consumer challenges, from aggressive collection tactics in healthcare to inflated fees in the rental market. With enforcement actions and new policy initiatives, the CFPB aims to protect consumers facing these debt collection challenges. Learn about the complexities and ongoing efforts to address this issue in the medical and rental debt sectors.
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Stay ahead of regulatory changes with Burt and Associates. With the Department of Financial Protection and Innovation (DFPI) enforcing stricter compliance rules in California, it's crucial to update your business processes. From ensuring a compliant, generic email for communications to meeting the upcoming fingerprint and background check deadline, these updates are essential to maintaining your operational licenses. Let Burt and Associates guide you through these changes, ensuring your business stays on track while optimizing debt collection processes.
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