Industry News & Announcements
Timely updates on major developments, regulatory shifts, partnerships, and events impacting the debt collection and financial services landscape.
A recent ruling by the U.S. Court of Appeals for the Seventh Circuit, along with several district court decisions,
The Consumer Financial Protection Bureau could see an unusual leadership arrangement in the coming weeks, with reports indicating that
An independent audit of the Australian Taxation Office (ATO) is urging the agency to adopt measurable targets for reducing small
The Consumer Financial Protection Bureau (CFPB) has implemented significant changes to its consumer complaint system, introducing new identity verification requirements,
The Washington State Department of Financial Institutions (DFI) has finalized a consent order requiring mortgage lender West Capital Lending
The Washington State Department of Financial Institutions (DFI) has officially entered into a consent order with a residential mortgage
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
The U.S. Government Accountability Office (GAO) is urging the Federal Deposit Insurance Corporation (FDIC) to prioritize unresolved recommendations related
Three financial industry trade associations have filed a federal lawsuit challenging Oregon's new consumer lending law, setting up a
Synchrony Bank is facing a proposed class action lawsuit alleging that the financial institution continued to make debt-collection calls
Legislative Snapshot Bill: Buy Now Pay Later Consumer Protection Act of 2026 Jurisdiction: United States Congress Status: Introduced in
A new Colorado Supreme Court ruling could change what debt collectors and collection companies must show before taking consumers
Organizations subject to California's data broker regulations have received an important compliance update as CalPrivacy has released a new
Case Snapshot Court: U.S. District Court for the District of Massachusetts Case: Katzeff v. Toyota of Dartmouth, Inc., No.
The Philippine Securities and Exchange Commission (SEC) has fined HC Consumer Finance Philippines Inc. 50,000 Philippine pesos (approximately $850) after
Case Snapshot Court: U.S. Court of Appeals for the Sixth Circuit Case: Ross v. Robinson, Hoover & Fudge, PLLC,
South Korea’s Financial Services Commission is moving to revise its debt collection and sale guidelines to require financial institutions to
Virginia's 2026 legislative session has enacted a series of regulatory changes that will affect financial institutions across the state.
Case Snapshot Court: Suffolk County Superior Court (Massachusetts) Case: Commonwealth of Massachusetts v. East Coast Financial, Assessment Resolution, LLC,
South Korea's financial regulators are escalating their fight against illegal debt collection practices, warning unlicensed private lenders that publicly
Case Snapshot Court: U.S. District Court for the Northern District of Illinois Case: Illinois Bankers Association et al. v.
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