RMAi Blog

SEPTEMBER 13, 2024

In This Update With less than two months before the November elections, an air of uncertainty lingers throughout Washington. Regardless of the outcome in the U.S. House and Senate elections, current Members of Congress will hold a lame duck session that could be filled with activity. We’re likely to see utilization of the Congressional Review Act (CRA), an oversight tool that Congress can use to overturn final rules issued by federal agencies.

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Enterprise Recovery

SEPTEMBER 13, 2024

Outstanding invoices can be devastating to businesses of any size. The ripple effects of unpaid invoices can lead to cash flow problems, making it difficult to cover operational costs, pay employees, or invest in growth opportunities. Small businesses often lack the financial cushion that larger enterprises might have. However, even large corporations are not immune; accumulating unpaid invoices can disrupt financial planning and hinder strategic initiatives.

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Due

SEPTEMBER 13, 2024

The U.S. Department of Labor has brought a case against Dr. Robert B. Pamplin Jr. and R.B. Pamplin Corporation for jeopardizing millions of dollars in retirement investments. The case was filed in the U.S. District Court for the District of Oregon and was tabled as a direct breach of the Employee Retirement Income Security Act of 1974 (ERIA). From 2019, the plan unlawfully gained more than 20 company-owned properties, but at the cost of the pension plans.

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Transactions 52

Reorg Blog

SEPTEMBER 13, 2024

A divided three-judge panel of the U.S. Court of Appeals for the Third Circuit issued an opinion affirming in part and reversing in part Judge Mary Walrath’s decisions denying Hertz noteholders’ claims for postpetition interest at the contract rate and make whole premiums.

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Due

SEPTEMBER 13, 2024

The Securities and Exchange Commission (SEC) has charged a former financial consultant, his father, and two close friends with $1 m in insider trading. Federico Nannin made the decisions alongside his friends and family ahead of MasTec Inc.’s pending acquisition of Infrastructure and Energy Alternatives, Inc. (IEA). Nannin was a consultant working with a financial firm, IEA was a client of this firm, and where he got the information to feed back to his accomplices, said the SEC.

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Reorg Blog

SEPTEMBER 13, 2024

The post District Court Questions Invesco’s Irreparable Harm Claims During Arguments Over Continued Stay of Robertshaw Sale Pending Appeal appeared first on Reorg.

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NorthOne

SEPTEMBER 13, 2024

We’re excited to share that NorthOne customers can now use just about any ATM in the world without worrying about third-party fees. While NorthOne has never charged for cash withdrawals, The post Announcing Free Cash Withdrawals at Millions of ATMs Worldwide appeared first on North One Blog.

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CreditStrong for Business

SEPTEMBER 13, 2024

Qualifying for a business loan can be challenging, especially if your business is relatively new. But even for startups, there are some loan options available that are easier to obtain than others. If you’re looking to apply for a business loan, here’s what to know about the factors that lenders consider and how the requirements can vary based on the type of loan. 6 Factors Affecting Business Loan Approval Getting a small business loan is different from getting a loan for personal us

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Credit Scoring Credit and Collections Credit Unions Small Businesses 52

NorthOne

SEPTEMBER 13, 2024

We’re excited to share that NorthOne customers can now deposit cash into their accounts at over 90,000 stores across the country, including popular locations like Walgreens, CVS, Walmart, and 7-Eleven. The post Announcing Free Cash Deposits at 90,000+ Stores Nationwide appeared first on North One Blog.

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CreditStrong for Business

SEPTEMBER 13, 2024

SBA loans , which are partially guaranteed by the Small Business Administration, can be an excellent way to get the funding you need for your business. They often come with low-interest rates and favorable repayment terms. That said, the application and approval process can take several weeks or even months. Knowing how to apply for an SBA loan before you get started can help you ensure everything is in place to submit your application and potentially save some time.

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Reorg Blog

SEPTEMBER 13, 2024

The post Third Circuit Reverses Hertz Postpetition Interest, Make Whole Decisions; Holds Noteholders Entitled to Contractual Interest, Redemption Premiums Under Absolute Priority Rule in Solvent Cases appeared first on Reorg.

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CreditStrong for Business

SEPTEMBER 13, 2024

If you’re looking to acquire another business in order to grow yours, it may be worth it to consider using an SBA loan. Using an SBA loan to buy a business can give you affordable interest rates and reasonable repayment terms. Before you get started, it’s important to prepare yourself for the process, take the time to make sure you’re eligible and confirm that it’s a good fit for your needs.

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Credit Scoring Nonprofit Organizations Credit and Collections Credit Unions 52

Due

SEPTEMBER 13, 2024

Some experts predict a recession will hit the U.S. economy within 18 months due to converging global and domestic forces. In particular, the U.S. job market unexpectedly contracted in early August , triggering a sharp market correction. In July, investors were concerned that the Federal Reserve might keep interest rates elevated longer than expected, given slower job growth and higher unemployment rates.

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Insurance Companies 52

CreditStrong for Business

SEPTEMBER 13, 2024

Whether you’re just starting out or you’re looking to expand your business, understanding how to get a $100k business loan can help you secure the capital you need to build your business the way you want. Obtaining that much financing can be challenging, especially if you’re a startup with no business credit history or financial track record.

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