Account reconciliation sounds simple enough—place the account, recall the account, close it out. But if you’ve ever tried to herd cats, you’ll understand just how chaotic things can get when everyone’s not moving in the same direction.
In collections, the “cats” are the systems: the creditor’s platform, the collection agency’s software, national forwarders, repossession vendors, and sometimes legal partners.
Following the 2025 Supreme Court decision in McLaughlin Chiro. Assoc., Inc. v. McKesson Corp., et al., the Hobbs Act cannot act as a barrier to independent judicial review. Partnered with the recent Supreme Court decision in Loper Bright Enterprises v. Raimondo, which pulled back the deference previously provided to agency interpretation, McLaughlin confirms that in enforcement proceedings, district courts may exercise their own analysis—independent of agency interpretation—of the Telephone Consumer Protection Act
The National Credit Union Administration (NCUA) today released its Office of the Ombudsman 2024 Annual Report(Opens new window). The report highlights information about the Ombudsman’s core programs, which inform recommendations made by the Ombudsman to the NCUA Board. The report also details the activities of the Ombudsman for 2024, such as engagement with examiners, results from independent reviews of agency processes, and feedback from the Post Exam Survey.
On July 14, 2025, the Office of the Comptroller of the Currency (OCC) issued a bulletin announcing the removal of references to “disparate impact” in its Comptroller’s Handbook on Fair Lending. See OCC Bulletin 2025-16 (July 2025), available here. This update reflects the Administration’s ongoing shift in approach to how lending discrimination is assessed by federal regulators.
The federal bank regulatory agencies today announced their fourth notice requesting public comment to reduce regulatory burden. The Economic Growth and Regulatory Paperwork Reduction Act requires the agencies to review their regulations at least once every 10 years to identify outdated, unnecessary, or unduly burdensome regulatory requirements for their supervised institutions.
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