News in the ARM industry comes fast and staying on top of it all is a challenging endeavor. That’s where insideARM’s weekly recap comes in. 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 brought you details about more CFPB rollbacks and insights into 2025 debt collection industry trends.
On Tuesday we brought you details from Troutman Pepper Locke about the CFPB’s shift in its approach to supervising nonbank entities. The procedure at issue provides the CFPB discretion to supervise nonbanks that may pose a risk to consumers, even where such entity does not otherwise meet the criteria for CFPB supervision. This reversal is a continued illustration of how the new CFPB views its authority. Though there may not be any action items here for the ARM industry, it’s important to continue to watch the way these rollbacks are unfolding.
On Wednesday, we published Bridgeforce’s insights on the debt collection industry trends for 2025. The industry is evolving at a lightening pace. Technology is shifting the landscape and consumer preference is becoming a top priority. This article is a must-read for any organization that wants to evolve ahead of the curve and not behind.
On Thursday we brought you a synopsis of more CFPB rollbacks: the so-called “shame list” rule, the procedure for supervising nonbanks, and its proposed interpretive rule on Electronic Fund Transfers. Each of these rollbacks is relevant to those in the ARM industry, and some may require adjustments to planning, processes, or procedures.
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!
