Michigan lawmakers are moving forward with a series of bipartisan bills that would significantly change how medical debt is collected, reported, and managed throughout the state. The legislative packages would establish new requirements for medical debt collection practices, limit credit reporting of medical debt, and create uniform hospital financial assistance programs.
The New York City Department of Consumer and Worker Protection (DCWP) recently published new compliance resources for its amended debt collection regulations, known as the SHIELD Rule, which are scheduled to take effect on September 1, 2026. The rule reflects the culmination of a multi-year effort by DCWP to revise New York City’s debt collection framework.
In a pair of very important decisions issued today, the U.S. Supreme Court reshaped the constitutional landscape governing independent federal agencies. In Trump v. Slaughter, Court overruled the 91-year-old precedent of Humphrey’s Executor v. United States, 295 U.S. 602( 1935), and held that members of the Federal Trade Commission may be removed by the President at will, notwithstanding statutory “for cause” removal protections.
In the modern financial landscape, resolving debt involves a constant exchange of sensitive information and legal agreements. When a credit provider and a debt settlement advisor agree on a plan for a consumer, that agreement must be backed by a complete and accurate record. For collections executives and compliance leads, the goal is to ensure that every step of the negotiation is documented and ready for review.
Buy now, pay later (BNPL) services continue to grow in popularity, but recent survey data suggests repayment challenges are becoming more common among users. According to a recent LendingTree survey, 41% of consumers who used BNPL services reported making a late payment on an installment plan within the past year. That figure represents a notable increase from 34% reported during the previous annual tracking period, highlighting a steady rise in repayment issues across the BNPL market.
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