insideARM Weekly Recap – Week of January 20th, 2025

The news just keeps coming; sorting through it all to figure out what’s truly relevant to your business and today’s challenges can seem like an impossible task.  insideARM is here to help! Our weekly recap of top stories will give you the news we found most interesting last week and more importantly- why we think it’s relevant. Last week we covered a compliance view on Artificial Intelligence, answers to FAQs regarding the CFPB’s medical debt rule, and the CFPB’s roadmap for states. 

On Tuesday we published a compliance perspective on AI from Sara Woggerman of ARM Compliance Business Solutions. From clarifying what “artificial intelligence” really means, to outlining the new demands on compliance officers created by incorporating AI, to use cases, this article can be useful to those just starting in AI and those who have already begun to utilize this technology. For those just getting started, this article outlines an easy-to-follow path to help get you started. For those who have already implemented AI, Sara’s insights can be a useful tool to ensure compliance hasn’t been left out of the equation. 

On Wednesday, we brought you Finvi’s answers to questions about the CFPB’s medical debt rule. The article walks through the details and impact of the rule and answers common questions asked by those who collect and credit report medical debt. Though the rule only impacts medical debt, the CFPB doesn’t do anything in a vacuum. What applies to medical debt today could very easily apply to other types of debt tomorrow. Therefore, even those entities that do not collect medical debt, should have the details and impacts of this rule on their radar, making this article a must-read for everyone. 

Thursday’s article from Troutman Pepper Locke covered the CFPB’s recent report titled “Strengthening State-Level Consumer Protections,” and the accompanying Compendium of Guidance Documents. States may get more active in the consumer protection space under the new federal administration. The report, issued just days before the administration change, includes key recommendations for states to consider. This report may be a window into the future of what’s to come. More tangibly, the report serves as a reminder as to why we should all be paying attention to what’s going on in our state legislatures and rule-making bodies.  

Have a question about how your company should react to the news above? We have a group for that! The weekly peer call hosted by insideARM’s Research Assistant is the perfect place to ask a question and get advice from industry colleagues who are facing the same challenges you are. Not sure if it is for you? Try it on for size with our 1-month free trial. Click here to learn more!