Last week, the North American Collection Agency Regulatory Association (NACARA) hosted its annual conference at the California Department of Financial Protection and Innovation’s Sacramento office. The event served as a platform for state regulators and collection agency representatives to discuss the latest challenges and emerging trends affecting the industry.
Our podcast today focuses on negative option consumer contracts, i.e., agreements that allow a seller to assume a customer’s silence is an acceptance of an offer. Such contracts are ubiquitous in today’s marketplace.
For over a year, the Consumer Financial Protection Bureau (CFPB) has been gearing up for a major rulemaking under the Fair Credit Reporting Act (FCRA) to regulate data brokers and their business practices. The proposal, initially tied to rules on medical debt credit reporting, has since been separated, with both rules expected to have significant effects on their respective industries.
On October 1, Montana became the newest state with a comprehensive data privacy law, the Montana Consumer Data Privacy Act.
Another day, another notification. More than one billion personal records were potentially exposed in an alleged cyberattack against background check company National Public Data. Other 2024 breaches include AT&T, Ticketmaster and the Centers for Medicare & Medicaid Services.
.jpg)
.jpg)