A group of plaintiffs led by the Arizona Creditors Bar Association and Protect Our Arizona, an Arizona political action committee, are challenging the constitutionality of the Arizona Predatory Debt Collection Act, which passed through a ballot initiative in the Nov. 8 midterm elections.
More than one in three (37%) collections firms are now using text/SMS messaging — a modest increase from last year when 31% were utilizing this communications channel with consumers.
The Consumer Financial Protection Bureau (CFPB) entered into a consent order against a large national bank regarding the bank's garnishment-related practices.
December 1st 2022, the federal Supreme Court rejected President Biden’s immediate request to revive his student debt relief plan. The court will review oral arguments in February 2023 and then determine whether the leading lawsuit against the program has merit.
A proposed class action claims the failure of Receivables Performance Management (RPM) to properly secure the private information of approximately 3.7 million customers is to blame for a 2021 data breach.
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