Industry News & Announcements
Timely updates on major developments, regulatory shifts, partnerships, and events impacting the debt collection and financial services landscape.
The U.S. Small Business Administration (SBA) has suspended 7,800 borrowers in Wisconsin who are allegedly connected to approximately $375
The Canadian Home Improvement Credit Corporation (CHICC) has agreed to refund approximately C$113,000 to affected consumers in British Columbia following
Court Case Snapshot Case Name: Arizona ex rel. Mayes v. Michael D. Lansky, L.L.C., et al. Court: U.S. District Court
State and local courts across the United States continued to experience a sharp increase in consumer debt collection lawsuits
The New York City Department of Consumer and Worker Protection (DCWP) has postponed the implementation of its SHIELD Rule
Massachusetts Governor Maura Healey has proposed new regulations that would prevent certain healthcare providers and the debt collectors working
Hawaii has launched a new medical debt relief program that is expected to eliminate about $91 million in medical
South Korea is moving to curb a long-standing debt collection practice that has allowed financial institutions to extend the
A major restructuring of the federal student loan system may soon be written into law. House Republicans have introduced
Case Snapshot Court: U.S. Court of Appeals for the Seventh Circuit Case: Steidinger v. Blackstone Medical Services, No. 25-2398
South Korea's financial regulators are launching a sweeping enforcement initiative aimed at protecting vulnerable consumers from abusive lending and
California Attorney General Rob Bonta announced a proposed $4.6 million settlement with Select Portfolio Servicing, Inc. (SPS), resolving allegations
The Trump administration's plan to transfer federal student loan responsibilities from the U.S. Department of Education to the Department
The Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation (FDIC), and Federal Reserve Board announced June
Illinois consumers now have a new way to submit complaints against financial institutions, as the Illinois Department of Financial
The New York City Department of Consumer and Worker Protection (DCWP) held a public hearing June 1 to gather
Case Snapshot Court: U.S. District Court for the Central District of California Case: Hudson-Bryant v. OCMBC Inc. d/b/a LoanStream,
The Consumer Financial Protection Bureau's recent website overhaul has triggered debate among consumer advocates, compliance professionals, financial institutions, and
Case Snapshot Court: U.S. Court of Appeals for the Eleventh Circuit Case: Gregory Light v. LVNV Funding, LLC and
As 2026 unfolded, one trend became impossible to ignore: state legislatures are no longer waiting on federal direction. Instead, they
A new market forecast from Verified Market Reports projects continued growth for the global debt collection services industry over the
Abstract: Landmark Strategy Group has appointed Jamie Burns-Ostapenko as Senior Director of Outsourcing. Burns-Ostapenko brings deep experience in outsourcing,
Case Snapshot Court: U.S. District Court for the District of Columbia Case: National Fair Housing Alliance et al. v.
South Korea's Financial Services Commission (FSC) has unveiled sweeping reforms that would fundamentally reshape the country's purchased receivables collection
Case Snapshot Court: Colorado Supreme Court Case: Wright v. Portfolio Recovery Associates, LLC Decision Date: May 26, 2026 Core
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Latest News
- Federal Court Preserves Jury Trial Rights in FTC Debt Relief Enforcement Case
- 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