The FDIC and the OCC have issued a Notice of Proposed Rulemaking that seeks to establish a standard definition for what constitutes an “unsafe or unsound practice.”
“Too often, examiners focus on a litany of process-related items that are unrelated to a bank’s current or future financial condition,” Acting FDIC Chairman Travis Hill said, in a statement outlining the NPRM, which was unanimously adopted by the agency board.
Halloween is coming—but what’s really spooky isn’t ghosts or goblins. It’s sending out millions in charged-off accounts and not knowing if you’re doing enough to bring that money back.
The real fright? You might be leaving recoveries hiding in the dark.
You just handed $1 million in charged-off accounts to your collection vendors. The question isn’t just how much they’ll recover—it’s whether you are doing enough to make sure every possible recovery dollar comes back to you.
As macroeconomic conditions shift, so do the fundamentals of recovery strategy. Interest rates are still high, despite the recent adjustment by the Fed, and we’re seeing dwindling consumer liquidity and increased delinquency volumes. These trends are prompting lenders to reevaluate when and how they engage third-party settlement partners.
On September 5, 2025, President Trump signed into law H.R. 2808, the Homebuyers Privacy Protection Act (Act). The Act amends section 604(c) of the Fair Credit Reporting Act (15 U.S.C. § 1681b(c)) “to prevent consumer reporting agencies from furnishing consumer reports under certain circumstances.”
We are pleased to share a new podcast episode, which was taken from our September 9, 2025, webinar featuring Malini Mithal, Associate Director of the Federal Trade Commission’s Division of Financial Practices. Malini has been a valued guest on our podcast in past years, and this session provided another timely and insightful discussion. In today’s episode, she gives her thoughts on the FTC’s recent non-antitrust consumer protection initiatives.
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