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 Arizona Case: Daniel D’Agostino v. Circle K Stores Incorporated Citation:
The New York City Department of Consumer and Worker Protection (DCWP) has released new compliance resources to help debt collectors
Legislative Snapshot Bill: House Bills 5254 and 5255 (Medical Debt Protection Act) Jurisdiction: Michigan Status: Passed Michigan House of Representatives,
Egypt’s Financial Regulatory Authority (FRA) has officially registered EGY SERV and Egyptian International as the first debt collection companies
Thousands of Oregon workers could see more money remain in their paychecks beginning July 1 as the state implements
The U.S. Government Accountability Office (GAO) is urging the Federal Deposit Insurance Corporation (FDIC) to prioritize unresolved recommendations related
Three financial industry trade associations have filed a federal lawsuit challenging Oregon's new consumer lending law, setting up a
Synchrony Bank is facing a proposed class action lawsuit alleging that the financial institution continued to make debt-collection calls
Legislative Snapshot Bill: Buy Now Pay Later Consumer Protection Act of 2026 Jurisdiction: United States Congress Status: Introduced in
A new Colorado Supreme Court ruling could change what debt collectors and collection companies must show before taking consumers
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
- Washington Regulator Resolves Consumer Loan Act Allegations Against Mortgage Lender
- Tenth Circuit Clarifies FCRA Standard for Unreasonable Investigation Claims
- CFPB Director Nominee Brian Johnson Outlines Vision for Bureau During Senate Confirmation Hearing
- CFTC Staffing Falls to 15-Year Low as Agency Takes on Broader Market Oversight
- Philippines SEC Fines Online Lender Over 262% Monthly Interest Rate, Unfair Debt Collection Practices