The New York City Department of Consumer and Worker Protection (DCWP) has adopted amendments to its debt collection rules, clarifying their intent and scope while making several substantive adjustments.
According to the DCWP, the overall goal of the rules is to significantly expand record retention and reporting requirements for collection agencies, revise validation and verification procedures, and enhance consumer protections. The rules also require debt collectors to inform consumers about available language access services.
The New York Department of Financial Services has published proposed rules governing Buy Now, Pay Later (BNPL) financing plans operating in the state.
The proposal, among other things, would require BNPL providers to register with the state. The regulations implement a law signed by Governor Kathy Hochul as part of her FY26 budget plan.
Quick analysis: 2026 Kicks off with mixed results
January 2026 numbers are in, and it shows TCPA (-1.4%) and FDCPA (-13.5%) numbers down from the previous month, while FCRA (+11.1%) litigation was up, along with CFPB complaints (+2.1%). All four categories are up significantly from Jan 2025 however. Year-over-year, TCPA (+5.8%), FDCPA (+26.5%), FCRA (+47.5%) and CFPB complaints (+26%) all started with a bang this year.
The Office of the Comptroller of the Currency (OCC) today announced two final rules to reduce the regulatory burden for community banks.
These actions build upon the OCC’s ongoing efforts to tailor bank supervision and regulation to bank risk profile and reduce burden for its regulated institutions so they can focus resources on core functions and support economic growth.
In Bradford v. Sovereign Pest Control of Texas, Inc., the U.S. Court of Appeals for the Fifth Circuit held that the Telephone Consumer Protection Act (TCPA) does not require “prior express written consent” for telemarketing calls that use artificial or pre-recorded voice messages. Instead, the court concluded that the TCPA requires only “prior express consent,” which may be provided orally or in writing.
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