The Ministry of Finance has recently loosened its long-standing stance regarding the provision for uncollectible foreign receivables of companies. The funny thing is, anyone neither noticed nor realized this. Moreover, while loosening its strict attitude, the ministry also showed the way to those who has receivables to collect from abroad in this situation.

https://www.dunya.com/kose-yazisi/maliye-yurt-disi-supheli-alacakla-ilgili-gorusunu-esnetti/659276

As of the end of July, the short-term external debt stock increased by 10.7% compared to the end of 2021 and reached USD 134.6 billion. In this period, banks’ short-term external debt stock increased by 7.6% and reached 55.3 billion US dollars, while the short-term external debt stock of other sectors increased by 12.2% and reached 49.5 billion US dollars.

https://www.tcmb.gov.tr/wps/wcm/connect/tr/tcmb+tr/main+menu/istatistikler/odemeler+dengesi+ve+ilgili+istatistikler/kisa+vadeli+dis+borc+istatistiklerii/

The Federal Trade Commission has provided the Consumer Financial Protection Bureau (CFPB) with its annual summary of activities to protect consumers from abusive and predatory debt collectors. The CFPB requested the summary for its annual report to Congress on the activities of both agencies, who share law enforcement responsibility in this area, to put a stop to unlawful debt collection that harms consumers.

https://www.ftc.gov/news-events/news/press-releases/2022/04/ftc-refunded-486-million-victims-abusive-debt-collectors-2021

Commercial debt collection: Total of 4.2 trillion USD at risk in countries with high collection complexity.

https://www.allianz-trade.com/en_global/news-insights/economic-insights/debt-collection-2022.html

As U.S. midterm elections approach, immigration remains one of the country’s most contentious political issues, mostly concerning the number of people trying to enter the U.S. at the southwestern border.

https://www.voanews.com/a/ahead-of-us-midterms-how-has-us-immigration-policy-changed/6757483.html

U.S. District Judge Andrew Hanen said the Deferred Action for Childhood Arrivals (DACA) program can continue temporarily after a federal appeals court ruled the policy unlawful.

https://www.boundless.com/blog/federal-judge-allows-daca-to-continue-temporarily/

Effective Sept. 26, U.S. Citizenship and Immigration Services (USCIS) is automatically extending the validity of Permanent Resident Cards (also known as Green Cards) to 24 months for lawful permanent residents who file Form I-90, Application to Replace Permanent Resident Card.

https://www.uscis.gov/newsroom/alerts/uscis-extends-green-card-validity-extension-to-24-months-for-green-card-renewals

U.S. Citizenship and Immigration Services today awarded nearly $20 million in grants to 66 organizations in 35 states to help prepare lawful permanent residents (LPRs) and those with a clear pathway to lawful permanent residency for naturalization.

https://www.uscis.gov/newsroom/news-releases/uscis-awards-fy-2022-citizenship-and-integration-grants

U.S. Citizenship and Immigration Services (USCIS) has issued policy guidance in the USCIS Policy Manual based on the vacatur of the EB-5 Modernization Rule and the EB-5 Reform and Integrity Act of 2022.

https://www.uscis.gov/newsroom/alerts/uscis-issues-policy-guidance-on-the-eb-5-reform-and-integrity-act-of-2022-0

Today the Department of Homeland Security (DHS), in consultation with the Department of Labor (DOL), announced that it will be issuing a regulation that will make available to employers an additional 64,716 H-2B temporary nonagricultural worker visas for fiscal year (FY) 2023, on top of the 66,000 H-2B visas that are normally available each fiscal year.

https://www.uscis.gov/newsroom/news-releases/dhs-to-supplement-h-2b-cap-with-nearly-65000-additional-visas-for-fiscal-year-2023