ann-h / pexelsNews in the ARM industry comes fast. It can be tough to stay on top of it all, but insideARM’s 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 news about new legislation from Florida regarding overnight emails, Vermont banning medical debt from credit reports, and details about delinquency rates and charge offs from the first quarter of 2025
On Wednesday we published a breakdown from Troutman Pepper Locke about Florida’s new legislation that makes it clear emails are allowed between 9pm and 8am. Debt collectors have struggled to make modern technology fit within the confines of the (enacted in 1977!) Fair Debt Collection Practices Act, and consumer attorneys have certainly exploited these gaps. It’s refreshing to see a state utilize some common sense and let modern technology be used in ways that make sense. Hopefully some other states will follow suit instead of freezing debt collectors in the 1970s.
On Thursday we brought you a quick update from Orrick regarding a new Vermont law that excludes medical debt from credit reporting. Those collecting medical debt should take note. We also brought you an update of Q1 credit card charge-offs and delinquencies from ProVest, that can be useful for anyone trying to identify industry trends.
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!
