Industry News & Announcements
Timely updates on major developments, regulatory shifts, partnerships, and events impacting the debt collection and financial services landscape.
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
More than 1.3 million Australian small businesses collectively owe significant tax debt to the Australian Taxation Office (ATO), with
The Consumer Financial Protection Bureau has paused plans to reduce its workforce until a permanent director is confirmed, as
Delaware has enacted a sweeping package of financial services legislation aimed at modernizing the state's banking laws and preparing
The average American now owes significantly more than they earn in a year, highlighting the growing financial pressure facing
Rhode Island has enacted new financial and governance requirements for certain nonbank mortgage servicers. The legislation reflects a broader trend
Case Snapshot Court: U.S. District Court for the District of Oregon Case: Wilson v. MAH Group, Inc., No. 6:25-cv-00855-MTK Decision
Farmers Insurance has agreed to pay $2.87 million to resolve a class action lawsuit alleging violations of the Telephone
Case Snapshot Court: U.S. District Court for the Central District of California Case: Model v. LendingTree, Inc., No. 8:26-cv-01749
The Consumer Financial Protection Bureau has taken the first procedural step toward revisiting federal regulation of credit card late
Former Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra has officially been sworn in as secretary of California's newly
Small business borrowers with delinquent COVID-19 Economic Injury Disaster Loan (EIDL) balances are raising questions about whether they received
The Australian Competition and Consumer Commission (ACCC) has filed proceedings in the Federal Court against debt collection agency ARMA
Atlanta and Miami ranked among the U.S. metropolitan areas with the highest rates of debt collection complaints in 2025,
Council tax arrears owed to local authorities in England climbed to a record £7.4 billion during the 2025-26 financial
The U.S. Department of Education has reclassified most graduate theology programs as nonprofessional for federal student loan purposes, reducing the
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Latest News
- South Korean Loan Shark Sentenced After Charging Interest Rates as High as 6,083%
- Legacy Mortgage Faces Lawsuit Over Alleged Collection of Discharged Debt
- Amazon Agrees to $2.25M Settlement Over Alleged FCRA Violations
- Capital One Faces Florida Class Action Over Alleged Late-Night Debt Collection Calls
- Australian Debt Collector Pays $59,400 After Regulator Raises Harassment, Misleading Notice Concerns