Now debt collection litigation lawyers cannot leave voice mail or a telephone message to a debtor.
They would be in violation of sections 1692e(3) and 1692e(10) of the Fair Debt Collections Practices Act (FDCPA).
Source: Inside ARM
Canada has enacted legislation to define the status of crypto-currencies, which is the first legislation worldwide. The amendments make Bitcoin and all digital currencies subject to laws applied to businesses dealing with money.
Souce: The Register
The Australian Tax Office (ATO) has been struggling on how to classify the digital currency Bitcoin.
The steady growth of digital currency transactions in Australia had the ATO worried of people avoiding paying tax.
The ATO will finally release a digital currency guidance by the end of the financial year.
Source: Yahoo Finance
Entrepreneurship is a high risk profession. You are risking your own future on the power of market conditions, personal work ethics tc where it may be out of your control or within.
Source: Entrepreneur
There are two major ways in which you can help your debt collection agency recover your debts quicker and more effectively. A detailed historical background of the debt case coupled with appropriate documentation enhances the effectiveness of the collection effort.
The U.S Justice Department announced the arrest of a debt buyer on Friday. The debt buyer was involved in a bank fraud involving $6.8 million dollars. The case was investigated by the FBI.
Source: http://www.insidearm.com/daily/debt-buying-topics/debt-buying/fbi-arrests-debt-buyer-on-6-8-million-bank-fraud-charges/
Following changes in IRS regulation, Bitcoin has seen its value start to decline. When it was previously categorised as currency, it is now to be treated as property.
Source: http://techcrunch.com/2014/03/30/bitcoin-slips-in-the-wake-of-the-irss-tax-decision/?ncid=tcdaily
Recently, a New Jersey Appellate Court decision provided an in-depth analysis of debt buyers’ use of prior debtors’ records in order to arrive to a final judgement on purchased debt in New Jersey. The decision may represent a useful guide in other jurisdictions.
Source: http://www.insidearm.com/opinion/debt-buyers-can-testify-on-purchased-account-records-appeals-court/
Dropbox is able to identify and block the sharing of copyrighted material without actually accessing personal files. The system used to achieve this has been used for many years and allows Dropbox to restrict the sharing of pre-selected files.
Source: http://techcrunch.com/2014/03/30/how-dropbox-knows-when-youre-sharing-copyrighted-stuff-without-actually-looking-at-your-stuff/?ncid=tcdaily
The Bitcoin is a new type of currency that was started in 2009 by an unknown individual using the apellation of Satoshi Nakakmoto. The way Bitcoins operate means that there is are middle men in the transaction, that is, banks are not involved. For buyers, this means no transaction fees and enhanced privacy as real…
