FinanceAssociated Press•4 hours agoGorsuch has unanimous first opinion for Supreme Court
Justice Neil Gorsuch's first Supreme Court opinion Monday stayed true to what Gorsuch promised in his nomination hearing and to the reputation for good writing he developed as an appellate judge. Gorsuch was the author of a unanimous decision in favor of a company involved in a debt collection dispute. The court ruled that Santander Consumer USA does not fall under a federal law aimed at unscrupulous debt collectors.
- FinanceBloomberg•6 hours ago
Supreme Court Unanimously Backs Debt Collector in Gorsuch Opinion
The U.S. Supreme Court limited a federal law that protects consumers from overaggressive debt collectors, as Justice Neil Gorsuch wrote his first majority opinion. Writing for a unanimous court, Gorsuch said the Fair Debt Collection Practices Act doesn’t authorize lawsuits against companies that buy defaulted loans from another lender. The ruling is a victory for a Santander Consumer USA Holdings Inc. unit, blocking claims by people who defaulted on their auto loans.
- BusinessQuartz•16 hours ago
The waning days of Indian IT workers being paid to do nothing
The bench, the Indian IT industry’s resource bank, is thinning. For long considered a key strength of India’s tech majors, the bench is losing its relevance even as just-in-time contract hiring is gaining popularity. More companies are hiring techies on relatively short, fixed-term contracts, rather than employing them full-time even when there are no projects. Automation, creeping unionism, and a global closing of borders for techies have in recent times accelerated this process. So much so that the average IT company’s bench strength has progressively fallen from between 8% and 10% of the billable employees to between 4% and 5% now, human resources (HR) experts believe. So what exactly is happening?
