Industry News & Announcements
Timely updates on major developments, regulatory shifts, partnerships, and events impacting the debt collection and financial services landscape.
The federal student loan portfolio has climbed above $1.7 trillion, while the number of borrowers in default increased by approximately
Experian has launched a new consumer reporting agency designed to bring consumer-permissioned bank account data into credit underwriting under the
California is expanding its oversight of small business commercial financing with a new licensing framework that will bring providers and
The Commodity Futures Trading Commission is moving ahead with plans to establish a federal regulatory framework for certain cryptocurrency
The Nasdaq Composite reached an all-time high Monday, extending a technology-driven market rally even as Treasury yields climbed to
The U.S. Department of Education and U.S. Department of the Treasury have launched a new online center designed to
Former Glassdoor and Morgan Stanley executives Chris McNamara and Brendan Lee join the AI-native collections company from 1 October,
The Texas State Commission on Judicial Conduct has publicly reprimanded a Lubbock County justice of the peace. This has
A coding error kept Maryland’s Central Collection Unit (CCU) from pursuing wage garnishments on three accounts totaling $846,900, according
Case Snapshot Court: U.S. District Court for the Middle District of Pennsylvania Case: Sokolowski v. Falling Creek Builders, No.
Case Snapshot Court: U.S. District Court for the District of Oregon Case: State of New York, et al. v. Russell
A coalition of financial services and business organizations is calling on U.S. House leadership to advance legislation that would change
The global debt collection software market could more than double in value over the next decade as financial institutions, collection
The Federal Trade Commission is seeking public input on whether online platforms should have additional responsibilities for preventing advertisements
Consumer litigation produced mixed month-over-month results in August, but WebRecon’s latest data shows a clearer year-to-date trend: FDCPA, FCRA,
Legislative Snapshot Law: New York Buy-Now-Pay-Later Act, Banking Law Article 14-B Jurisdiction: New York Status: NYDFS has proposed implementing regulations
Case Snapshot Court: Fulton County Superior Court, Georgia Case: Georgia enforcement action against SDG Impact Fund Inc., SDG Global Impact
Reports of illegal private lending and debt collection problems are increasing in South Korea, with people in their 30s
Minnesota Attorney General Keith Ellison has reached a court-approved settlement with online lender Plain Green, LLC, ending a federal lawsuit
A federal court in Colorado has ruled that text messages do not qualify as “telephone calls” under a specific
Labcorp has agreed to a $2.3 million multistate settlement resolving an investigation into the 2019 data breach involving American
The global debt collection software market is expected to grow over the next several years as organizations increase their
New York Attorney General Letitia James and a coalition of 39 other states and the District of Columbia have
Florida Attorney General James Uthmeier is proposing new legislation aimed at strengthening the state’s rules against spam calls and
Case Snapshot Court/Agency: Colorado Attorney General's Office Case: State enforcement action involving Wakefield & Associates Announcement Date: Sept. 23,
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Latest News
- 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
- Social Security COLA Set at 3.6% for 2027, but FERS Retirees Receive Less