During our most recent Research Assistant Peer Group meeting, we discussed the Consent Order in New York vs. Roach & Murtha (Consent Order). Specifically, we dug into the New York Department of Financial Services (NYDFS) view of meaningful involvement by attorneys under the Fair Debt Collection Practices Act (FDCPA) in the context of collecting judgments obtained by another firm.
Debt resolution depends on coordination. Accounts move between lenders, agencies, and settlement firms, with each handoff requiring accurate, timely, and secure data. Yet too often, these transitions are slowed by mismatched formats, incomplete records, and siloed systems.
The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against national banks and federal savings associations (banks), and individuals currently and formerly affiliated with banks the OCC supervises.
The National Credit Union Administration today released the second quarter state-level credit union data report for 2025. Report findings indicate that for federally insured credit unions, assets, and shares and deposits increased at the median over the year ending in the second quarter of 2025. At the same time, loans outstanding declined slightly, according to the latest Quarterly U.S. Map Review.
In this episode of the Consumer Finance Monitor podcast, host Alan Kaplinsky welcomes Pat Utz, CEO and co-founder of Abstract, a venture capital-backed AI company headquartered in New York. Pat brings extensive expertise on artificial intelligence. The podcast focuses on current developments in AI regulation and implementation, first covering President Trump’s recent “Winning the Race: America’s AI Action Plan” and its potential impact on federal policy. Alan and Pat discuss the evolving landscape of AI statutes, and developments at the state-level in places like Utah and Colorado.
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