Industry News & Announcements
Timely updates on major developments, regulatory shifts, partnerships, and events impacting the debt collection and financial services landscape.
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
Treasury Secretary Scott Bessent is under consideration to become President Donald Trump’s new artificial intelligence czar, potentially adding another major
Case Snapshot Case: Smith v. ExamWorks, LLC, et al. Court: U.S. District Court for the District of Maryland Case No.:
The U.S. Supreme Court is preparing to resolve a 2-2 federal appeals court split over who qualifies as a
South Korea is expanding a government system designed to identify households facing serious financial hardship, adding new information tied
Case Snapshot Case: Haley et al. v. Tommy Bahama Group Inc. Court: U.S. District Court for the Western District
The Florida Office of Financial Regulation has ordered BYDcash, Incorporated, formerly known as BYDcash, LLC, to pay a $107,250
A local authority in England has advised residents to stop making debt payments to Whyte & Co after the
Legislative Snapshot Bill: H.R. 10184, Consumer Financial Protection Accountability and Reform Act of 2026 Jurisdiction: Federal Status: Ordered reported,
Case SnapshotCourt: U.S. District Court for the Northern District of AlabamaCase: Conrad v. Hart Consumer Products Inc., No. 4:24-cv-307-CLMDecision Date:
The Senate Committee on Banking, Housing and Urban Affairs has advanced Brian Johnson’s nomination to serve as director of
Law firms and companies that market legal services in Texas are facing increased litigation over unsolicited calls and messages to
Consumers’ perceived risk of missing a minimum debt payment increased for the second consecutive month in August, reaching 13.2% and
Case Snapshot Case: Jaber v. Title Premier Court: U.S. District Court for the Eastern District of Missouri Case No.: 4:26
ACA International has acquired the Women in Consumer Finance conference and plans to relaunch the event in fall 2027,
California has created a new path for children and their families to pursue legal action against operators of AI
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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