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July

13
2023
Industry News

Some NY hospitals nixed medical debt lawsuits. Others sued 1,600 patients for $9M

A group of 17 hospitals and health systems sued about 1,600 New Yorkers to collect medical debts totaling about $9 million since early 2022, despite efforts seeking to end the controversial practice, the USA TODAY Network found.

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July

13
2023
Industry News

Ninth Circuit Rules in Favor of Consumer’s Standing in TCPA Case

The U.S. Court of Appeals for the 9th Circuit reversed a district court’s dismissal for lack of Article III standing regarding a consumer’s Telephone Consumer Protection Act claim against digital content creators.

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July

12
2023
Compliance

Privacy regulation and fintech lending

When designing privacy protection regulation, regulators face a challenging trade-off. On one hand, individuals are reluctant to share their personal data due to concerns about potential abuse or misuse. To protect consumers' privacy, regulators may consider limiting or even prohibiting the collection of personal data. On the other hand, data play a vital role for data-intensive firms like fintechs, which rely heavily on personal information to screen and price borrowers. Privacy regulation could thus potentially hinder the growth of fintechs and weaken competition in the financial sector.

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July

12
2023
Industry News

US Consumer Watchdog Puts Card Issuers on Notice After BofA ‘Junk Fee’ Settlement

The top US consumer watchdog will closely monitor whether credit-card issuers follow through on their marketing promises of sign-up bonuses and other perks following Tuesday’s $250 million enforcement action against Bank of America Corp.

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