Anthony N

Jan 13, 2025 | insidearm.com | Anthony N |Missy Meggison

News in the collections industry never stops; it can be tough to wade through what’s relevant, and what’s just noise. Our weekly recap of top stories will give you the news we found most interesting last week and more importantly- why we think it’s relevant. Last week we covered digital considerations for collections attorneys, a recap of 2024 privacy laws, a positive litigation result scored by PRA against Guards Law, and details about the CFPB’s new credit reporting rule.

Jan 13, 2025 | insidearm.com | Anthony N |Missy Meggison

Akron, OH — DebtNext Software, a leading provider of recovery management solutions, proudly announces the successful completion of its SOC 2 Type II audit, conducted by KirkpatrickPrice. This achievement underscores DebtNext’s unwavering dedication to data security, privacy, and delivering exceptional value to its clients.

Jan 9, 2025 | insidearm.com | david anthony |Stefanie Jackman |Ethan G. Ostroff |Anthony N

On January 7, the Consumer Financial Protection Bureau (CFPB or Bureau) finalized its rule aimed at removing an estimated $49 billion in medical bills from the consumer reports of approximately 15 million Americans. Specifically, the Bureau’s rulemaking as finalized removes an existing exception in Regulation V that permitted lenders to obtain and use information on medical debts. The final rule is scheduled to take effect 60 days after its publication in the Federal Register.

Jan 9, 2025 | insidearm.com | david anthony |Stefanie Jackman |Ethan G. Ostroff |Anthony N

On January 7, the Consumer Financial Protection Bureau (CFPB or Bureau) finalized its rule aimed at removing an estimated $49 billion in medical bills from the consumer reports of approximately 15 million Americans. Specifically, the Bureau’s rulemaking as finalized removes an existing exception in Regulation V that permitted lenders to obtain and use information on medical debts. The final rule is scheduled to take effect 60 days after its publication in the Federal Register.

Dec 10, 2024 | insidearm.com | Missy Meggison |Anthony N

On November 22, the California Privacy Protection Agency (the Agency) published its NPRM proposing amendments to existing regulations under the California Consumer Privacy Act (CCPA). These changes aim to enhance state consumer privacy laws by updating existing regulations, clarifying insurance company compliance with the CCPA, and operationalizing requirements for annual cybersecurity audits, risk assessments, and consumer rights regarding automated decision-making technology.