• Nio jumps 12% after reporting record monthly and quarterly electric vehicle

    Nio jumps 12% after reporting record monthly and quarterly electric vehicle0

    Nio surged 12% on Monday after it reported record monthly, quarterly, and yearly delivery numbers for the end of 2020. Nio delivered a record 7,007 electric vehicles in December, and 43,728 vehicles for the year, representing year over year growth of 121% and 113%, respectively. Nio will unveil a new sedan model and detail the

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  • Govt Immune From Fair Credit Reporting Act

    Govt Immune From Fair Credit Reporting Act0

    Thursday, November 12, 2020 The Western District of Texas recently considered an issue that’s led multiple circuits in different—and contradictory—directions: does the Fair Credit Reporting Act waive the United States’ sovereign immunity?  The plaintiff in Thurston v. Equifax Info. Servs., 2020 U.S. Dist. LEXIS 203511, argued just that. The plaintiff in this dispute held an account

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  • Cares Act Effect on Fair Credit Reporting Act

    Cares Act Effect on Fair Credit Reporting Act0

    The CARES Act’s Impact on Furnisher Liability Under the Fair Credit Reporting Act As part of the federal government’s efforts to provide relief from the economic impact of the COVID-19 pandemic to consumers, Congress took aim at financial services companies that provide consumer account information to credit reporting agencies (CRAs). The reporting activities of those

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  • America’s Consumer Credit Reporting System Desperately Needs Reform

    America’s Consumer Credit Reporting System Desperately Needs Reform0

    Congresswoman Ayanna Pressley, introduced H.R. 3621, the Comprehensive Credit Reporting … [+] Enhancement, Disclosure, Innovation, and Transparency Act of 2020; the bill passed January 2020 and is now before the Senate. Getty Images for Supermajority For decades, numerous academics, consumer advocates, and legislators have pointed out the importance of consumer credit scores on individuals’ ability

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  • Understanding cryptocurrency tax reporting rules | Paul Pahoresky | Business

    Understanding cryptocurrency tax reporting rules | Paul Pahoresky | Business0

    Cryptocurrency has become a very hot topic in the world of investing. The volume and activity in the world of cryptocurrency has expanded dramatically over the past five years. Cryptocurrency is even being accepted as a medium of exchange for some online purchases. Cryptocurrency investments are subject to reporting and taxes on any investment gains

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  • To Fix Problems with Credit Reporting, We Need a Better Government Watchdog, Not

    To Fix Problems with Credit Reporting, We Need a Better Government Watchdog, Not0

    The public is also frustrated with the high incidents of errors in consumer reporting data. According to a Federal Trade Commission study released in 2012, “one in five consumers had an error on at least one of their three credit reports.” The existing industry practice is perceived to be unfair and discriminatory. A 2015 CFPB study estimated that 45

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