Digital collections require more than speed and scale—they require trust. And when that trust must extend across multiple parties—lenders, collection agencies, and debt settlement companies—the challenge compounds. Secure communication channels aren’t just a compliance checkbox; they’re the infrastructure for effective and coordinated resolution.
A federal judge in Kentucky has granted a stay in a legal challenge to the Consumer Financial Protection Bureau’s (CFPB) personal financial data rights rule, a regulation designed to increase consumer access to their financial data. In response to the legal dispute, the CFPB has announced plans to revisit and substantially revise the rule.
The CFPB is seeking information to help determine whether to propose rules to amend the thresholds for defining “larger participants” in four markets.
Today’s episode of the Consumer Finance Monitor podcast offers an in-depth analysis of the unitary executive theory and its implications for terminations by President Trump of the Democratic members/commissioners of several so-called independent Federal agencies.
Comptroller of the Currency Jonathan V. Gould today issued the following statement in support of the Executive Order, “Guaranteeing Fair Banking For All Americans,” issued by President Donald J. Trump:
Fair access to financial services is a fundamental principle of the U.S. banking system. It is unacceptable for banks to discriminate against any customer on the basis of political or religious beliefs or lawful business activities. Today’s Executive Order affirms that banks should provide access to financial services based on individualized, objective, and risk-based analyses.
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