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CFPB Issues a Roadmap for States Days Before Trump Takes Office

By Jason Cover in CFPB

As the Consumer Financial Protection Bureau (CFPB or Bureau) anticipates a shift in its leadership with the incoming administration of President Trump, the Bureau has released a report titled “Strengthening…

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January 15, 2025 by Ethan Ostroff in Credit Reporting

Federal Court Allows FCRA Claim to Proceed Over Alleged Unauthorized Credit Pulls

Recently, the Eastern District of Kentucky denied a motion to dismiss under the Fair Credit Reporting Act (FCRA) after finding the plaintiffs alleged sufficient facts to support a reasonable inference…

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January 15, 2025 in Company News

More Than Half of Debt Collection Companies Saw Increased Volume of Accounts in Past 12 Months

Chicago, Ill. — More than half (52%) of debt collection companies have experienced an increased or significantly increased volume of accounts placed or acquired over the last 12 months. Sixty-two…

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January 14, 2025 by Orrick, Herrington & Sutcliffe LLP in CFPB

Industry associations seek to halt CFPB’s medical debt credit reporting rule

On January 7, two plaintiffs representing industry associations filed a complaint in the U.S. District Court for the Eastern District of Texas against the CFPB and its Director, Rohit Chopra, to challenge…

freshidea / Adobestock

January 14, 2025 by Orrick, Herrington & Sutcliffe LLP in CFPB

CFPB files complaint against CRA, alleging faulty dispute resolution procedures

On January 7, the CFPB filed a complaint against a consumer reporting agency, alleging violations of the FCRA and the CFPA’s prohibition on unfair acts or practices. The complaint alleges the company failed meet…

January 13, 2025 by Missy Meggison in CFPB

insideARM Weekly Recap – Week of January 6th, 2025

News in the collections industry never stops; it can be tough to wade through what’s relevant, and what’s just noise. Our weekly recap of top stories will give you the…

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January 13, 2025 in Company News

DebtNext Software Achieves SOC 2 Type II Attestation

Akron, OH — DebtNext Software, a leading provider of recovery management solutions, proudly announces the successful completion of its SOC 2 Type II audit, conducted by KirkpatrickPrice. This achievement underscores…

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