Data Archives - insideARM

November 26, 2024 by Michael Kane in Data

Data Security – An Expanded Perspective

Data security is a constant topic of conversation in the ARM space. At this point though, most people are familiar with the threats and common countermeasures such as firewalls, anti-virus...

November 25, 2024 by Missy Meggison in CFPB

insideARM Weekly Recap – Week of November 18th, 2024

There’s never a dull moment in news affecting the ARM industry; it can be overwhelming, but insideARM has you covered. Our weekly recap of top stories will give you the...

November 19, 2024 by Kim Phan in CFPB

CFPB Publishes Report on State Privacy Law Exceptions for Financial Information

On November 12, the Consumer Financial Protection Bureau (CFPB) released a new report titled, “State Consumer Privacy Laws and the Monetization of Consumer Financial Data.” The report provides an overview of the...

November 18, 2024 by Eric L. Johnson in CFPB

Pay Now or Pay Later, But Paying Later May Cost a Whole Lot More

The Consumer Financial Protection Bureau has long required that an institution within the scope of its supervision or enforcement authority, including both depository institutions like banks and non-depository consumer financial...

Drobot Dean / Adobestock

October 14, 2024 by Don Hoegg Jr. in Artificial Intelligence

insideARM Weekly Recap - Week of October 7th, 2024

The world of debt collection is never at a loss for updates, but separating the important stuff from the background noise isn't always easy. At insideARM, our goal is to...

Andy Dean / AdobeStock

October 8, 2024 by Orrick, Herrington & Sutcliffe LLP in Artificial Intelligence

CFPB’s Chopra discusses privacy concerns and floats FCRA proposal

On September 19, CFPB Director Rohit Chopra delivered prepared remarks highlighting national security concerns related to the abuse and misuse of personal data. As previously covered by InfoBytes, Chopra emphasized President Biden’s recent...

Drobot Dean / Adobestock

September 30, 2024 by Don Hoegg Jr. in CFPB

insideARM Weekly Recap - Week of September 23rd, 2024

News in the ARM industry moves at lightning speed; determining what's important and what’s just noise can be challenging. This is why the editorial team at insideARM sifts through all...

peshkova / Adobestock

September 26, 2024 by Kristen Larson in CFPB

CFPB Reminds Financial Institutions to Retain Records of Affirmative Consent for Overdraft Opt-in

On September 17, 2024, the CFPB issued Consumer Financial Protection Circular 2024-05 on improper overdraft practices. The circular reminded financial institutions of their obligation to retain records that prove the consumer consented...

ultramansk / AdobeStock

September 25, 2024 by Virginia Bell Flynn in Compliance

New York Federal Court Certifies TCPA Class Where Phone Numbers Were Obtained Through a Third-Party Website

In Aley v. Lightfire Partners, LLC, a U.S. District Court in the Northern District of New York certified a Telephone Consumer Protection Act (TCPA) class action for all persons whose telephone...

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September 4, 2024 by The Sessions Firm in Compliance

Be Careful What You Rely On: Washington Court Says Debt Collector’s Reasonable Reliance On Balance Amount From Creditor Not Enough To Avoid FDCPA Violation

In Creager v. Columbia Debt Recovery, a district court judge partially granted plaintiff’s motion for summary judgment, concluding that the debt collector’s attempts to collect an unpaid apartment debt with...

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