As macroeconomic conditions shift, so do the fundamentals of recovery strategy. Interest rates are still high, despite the recent adjustment by the Fed, and we’re seeing dwindling consumer liquidity and increased delinquency volumes. These trends are prompting lenders to reevaluate when and how they engage third-party settlement partners.
On September 5, 2025, President Trump signed into law H.R. 2808, the Homebuyers Privacy Protection Act (Act). The Act amends section 604(c) of the Fair Credit Reporting Act (15 U.S.C. § 1681b(c)) “to prevent consumer reporting agencies from furnishing consumer reports under certain circumstances.”
We are pleased to share a new podcast episode, which was taken from our September 9, 2025, webinar featuring Malini Mithal, Associate Director of the Federal Trade Commission’s Division of Financial Practices. Malini has been a valued guest on our podcast in past years, and this session provided another timely and insightful discussion. In today’s episode, she gives her thoughts on the FTC’s recent non-antitrust consumer protection initiatives.
The National Credit Union Administration, the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and the Office of the Comptroller of the Currency, joined the Financial Crimes Enforcement Network today in issuing answers to frequently asked questions about Suspicious Activity Reports (SARs) and other anti-money laundering/countering the financing of terrorism (AML/CFT) considerations.
The pressure is off for collectors of debts owed by New Yorkers for now, under a New York City regulation that has been years in the making, and which has already seen its effective date postponed twice before. The New York City Department of Consumer and Worker Protection (DCWP) has announced that the effective date of its expansive new regulations—which were finally set to take effect October 1—have been postponed indefinitely.
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