Industry News & Announcements
Timely updates on major developments, regulatory shifts, partnerships, and events impacting the debt collection and financial services landscape.
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
Legislative Snapshot Bill: Michigan Senate Bill 1137, companion to House Bill 6230 Jurisdiction: Michigan Status: Passed Michigan Senate Sept. 10,
Collection leaders may be interested in using artificial intelligence (AI), but concerns about how employees will respond could be slowing
House lawmakers are moving forward with bipartisan legislation aimed at creating a more coordinated federal response to digital scams and
The Federal Communications Commission (FCC) has released a draft order that would change how businesses handle some consumer requests
South Korea is moving to expand the Financial Supervisory Service’s role in combating illegal private lending and unlawful debt
Case Snapshot Court: U.S. District Court for the Middle District of North Carolina Case: Card v. R.J. Reynolds Tobacco
A former executive director of a publicly funded charter school in Tucson, Arizona, has been charged with 22 felony
South Dakota’s Obligation Recovery Center requests an average of 249 driver’s license suspensions each month to collect debts owed
Washington, D.C., has enacted a new law that will place broad restrictions on how medical debt can be collected
The Consumer Financial Protection Bureau has released an updated version of its Your Home Loan Toolkit, giving mortgage lenders, brokers,
Case Snapshot Plaintiff: Andrea Velazquez Defendant: Telescents Inc., doing business as FragranceNet Court: U.S. District Court for the Central District
South Korea’s debt collection industry is raising concerns as personal rehabilitation filings and debt adjustment applications climb. Credit information
The United Kingdom’s HM Revenue & Customs (HMRC) has begun engaging with the market as it considers the future
The Federal Communications Commission is taking a two-pronged approach to its ongoing fight against illegal robocalls, removing 14 voice
Legislative Snapshot Bill: Consumer Financial Protection Accountability and Reform Act of 2026 Jurisdiction: Federal Status: Introduced following release of
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Latest News
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- Why Repeatability Matters More Than Novelty in Receivables Technology
- U.S. Household Debt Reaches $19.1 Trillion as Collections Remain Near Historic Lows