Industry News & Announcements
Timely updates on major developments, regulatory shifts, partnerships, and events impacting the debt collection and financial services landscape.
The Federal Reserve has issued new supervisory guidance addressing credit risks that banking organizations may face when lending to individuals
The Washington Department of Licensing (DOL) is preparing to update professional license fees, with adjusted fee schedules set to
Healthcare affordability remains the leading healthcare concern among Americans, according to a new Commonwealth Fund survey conducted in partnership with
South Korean financial regulators are moving to standardize when financial firms must restrict debt collection against certain financially vulnerable
Case Snapshot Court: U.S. Supreme Court Case: Jeffrey Owen v. United States of America Petition Date: Aug. 12, 2026
A recent Congressional Research Service (CRS) report has identified new and developing disagreements among federal appeals courts over the
Sen. Bernie Sanders announced on August 17 that he plans to introduce legislation aimed at permanently blocking the federal
The CFPB has stopped publishing consumers’ written complaint narratives in its public Consumer Complaint Database, ending a practice that
Mumbai-based lending technology startup Rezolv has raised $12.5 million in Series A funding as it prepares to expand its
A South Korean appeals court has sentenced an unlicensed moneylender to three years and six months in prison in
Case Snapshot Case Name: Ward v. National Credit Systems, Inc. Court: U.S. Court of Appeals for the Tenth Circuit
Brian Johnson, President Donald Trump's nominee to lead the Consumer Financial Protection Bureau (CFPB), told the Senate Banking Committee
The Commodity Futures Trading Commission has lost roughly one-quarter of its workforce during President Donald Trump’s second administration, reducing
The Securities and Exchange Commission (SEC) of the Philippines has fined Inclusive Credit Lending, Inc. ₱1.03 million after finding
FinCap is calling for increased and sustainable funding for financial mentoring as its latest report shows that client debt
The use of artificial intelligence in outbound calling continues to draw legal scrutiny as a newly filed class action
South Korean police announced an intensive nationwide crackdown on illegal private lending crimes on Wednesday as authorities respond to
A new report from The Business Research Company projects the global debt collection agencies market will grow to $35.32
Case Snapshot Court: U.S. District Court for the Northern District of California Case: Caroline Wong v. LaserAway, LLC, No.
Legislative Snapshot Bill: Senate Bill 992 Jurisdiction: Pennsylvania Status: Signed into law by Gov. Josh Shapiro Effective Date: Oct.
A new report from The Pew Charitable Trusts found that debt collection lawsuits continue to increase across several U.S.
Egypt’s Financial Regulatory Authority (FRA) has extended the grace period for companies and entities operating in the non-banking financial
The Consumer Data Industry Association (CDIA) has approved a new Metro 2 Special Comment Code designed to give lenders
The U.S. Senate Committee on Banking, Housing, and Urban Affairs has scheduled a confirmation hearing for Brian Johnson, President
The U.S. Small Business Administration (SBA) has suspended 7,800 borrowers in Wisconsin who are allegedly connected to approximately $375
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Latest News
- Alabama Court Rejects I.C. System’s Bona Fide Error Defense in FDCPA Case
- TransUnion Launches Fraud Scores for Credit Denials, Targeting Credit Washing and Synthetic Identities
- South Korea Debt Collection Outsourcing Surges 14.6% as Lenders Cut Costs
- The Business of Bad Debt Advice: How Scams Exploit Consumers Struggling With Debt
- Treasury Reportedly Preparing to Hire Private Debt Collectors for Defaulted Student Loans