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June

13
2025
Compliance

House Financial Services Committee approves ‘trigger leads’ bill

The House Financial Services Committee has approved a bill that would restrict the use of “trigger leads” in the mortgage industry.

The committee approved H.R. 2808, the Homebuyers Privacy Protection Act in a 46-0 vote. Companion legislation has been introduced in the Senate; no action has been taken on the legislation in that body. During the last Congress, the measure passed the Senate but was not passed by the House. Sens. Bill Hagerty, R-Tenn. and Jack Reed, D-R.I. have introduced the bill in the Senate.

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June

12
2025
Industry News

Rules Proposed Under New Jersey Data Privacy Act

On June 2, 2025, proposed rules (“Proposed Rules”) were published under New Jersey’s Data Privacy Act (“NJDPA”). The Proposed Rules elaborate on what constitutes “personal data” and detail a number of compliance obligations, some of which parallel existing requirements under data privacy laws in California and Colorado.

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June

12
2025
Industry News

Supreme Court Avoids Class-Action Review Due to Mootness Concerns

On June 5, the U.S. Supreme Court dismissed a writ of certiorari as improvidently granted, leaving unresolved a significant question regarding class-action certification under Federal Rule of Civil Procedure 23. The question presented (and left unanswered by the majority) in Laboratory Corporation of America Holdings (Labcorp) v. Davis was whether a federal court may certify a damages class that includes both injured and uninjured class members. The dismissal has sparked considerable debate, particularly highlighted by Justice Kavanaugh’s dissent, which provides a compelling argument against the court’s dismissal.

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June

12
2025
Compliance

[PODCAST]:The Impact of the Newly Established Priorities and Massive Proposed Reduction in Force (RIF) on CFPB Enforcement (Part 1)

Our podcast shows being released today and next Wednesday, June 18 feature two former CFPB senior officers who were key employees in the Enforcement Division under prior directors: Eric Halperin and Craig Cowie. Eric Halperin served as the Enforcement Director at the CFPB from 2010 until former Director, Rohit Chopra, was terminated by President Trump. Craig Cowie was an enforcement attorney at the CFPB from July 2012 until April 2015 and then Assistant Litigation Deputy at the CFPB until June 2018.

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June

11
2025
Compliance

The 17 Year Cicada Business Model?

Living in Kentucky, you’re treated every 17 years to one of nature’s most bizarre and unforgettable spectacles—the grand invasion of the cicadas. It might seem like a stretch but trust me: this ties back to collections and our wildlife series.

Picture this: millions of red-eyed, two-inch bugs bursting from the ground like a sci-fi swarm, filling the air with an ear-splitting scream, dive-bombing your porch, and clinging to everything—including you. It might sound like a horror movie, but there’s real strategy behind this synchronized chaos. So why do cicadas make such a dramatic entrance every 17 years?

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