Labcorp Reaches $2.3 Million Multistate Settlement Over AMCA Data Breach
Labcorp has agreed to a $2.3 million multistate settlement resolving an investigation into the 2019 data breach involving American Medical Collection Agency, a former debt collection vendor that handled information belonging to millions of Labcorp patients. The settlement, announced by the Wisconsin Department of Justice and a coalition of state attorneys general, focuses heavily on vendor oversight and cybersecurity requirements. Labcorp will be required to strengthen controls around third-party vendors, including debt collection agencies that receive or process sensitive patient information.
New Receivables Podcast - The Hidden Cost of Dirty Data
Will Turner of TEC Services Group sits down with Adam Parks to explain how contact information can decay quickly, making it harder to reach the right consumers and increasing the risk of miscommunication. They also discuss how AI can amplify the benefits of good data and the consequences of bad data, and how data improvements can drive meaningful lifts in recovery results.
WebRecon August Data Shows 2026 Litigation Still Running Above 2025 According to WebRecon’s August 2026 statistics, FDCPA lawsuits increased 4.0% from the prior month, and TCPA filings rose 11.9%. FCRA litigation declined 14.7%, while CFPB complaints fell 17.4%. Despite those monthly declines, year-to-date figures remained higher across all four categories.
Debt Collection Software Market Projected to Reach $11.6 Billion by 2034 The global debt collection software market could more than double in value over the next decade as financial institutions, collection agencies and other organizations increase their use of automation, artificial intelligence and integrated payment technology, according to a new market forecast from IMARC Group.
States Secure $700 Million Settlement With Credit Acceptance Corporation New York Attorney General Letitia James and a coalition of 39 other states and the District of Columbia have reached a $700 million settlement with Credit Acceptance Corporation, resolving allegations involving the subprime auto lender’s loan practices.