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Michigan Courts Review Process Changes for Debt Collection Cases

court scale with book

 

The recommended changes include creating simplified court documents and engaging with consumers on their experiences with debt collection litigation, among others; president of the Michigan Association of Collection Agencies responds. 11/16/2022 3:40 P.M. 2 minute read A Michigan debt collection work group, formed in 2021 to streamline and simplify court processes for consumers, has released […]

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FTC Extends Safeguards Rule Compliance Deadline for Six Months

 

ACA advocated for the extension, which will allow covered financial institutions until June 9, 2023, to develop written risk assessments and training plans, among other requirements. 11/15/2022 1:30 P.M. 2.5 minute read After advocacy by ACA International and support of other groups’ comments, the Federal Trade Commission announced today it is extending the deadline for […]

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CFPB Finalizes Rule on Nonbank Supervisory Authority

CFPB logo with magnifying glass

 

The CFPB rule includes clarifications on standards for releasing supervisory information to the public based on public comments. 11/14/2022 11:20 A.M. 2 minute read The Consumer Financial Protection Bureau has finalized changes to its nonbank supervision procedural rule. “The changes will provide transparency to the public about how we are using an important supervisory tool […]

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2022 Midterms: Post-Election Implications for the ARM Industry

 

As election results continue to come in, the Brownstein Hyatt Farber Schreck team flags possible agenda items for Congress and the Biden administration. Members: Register for the Nov. 16 ACA Huddle to learn more about the election results and ACA’s advocacy strategy. 11/10/2022 2:15 P.M. 4 minute read Some critical election results and the final […]

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Federal and State Election Takeaways for the ARM Industry

 

Republicans secured a narrower majority than expected in the House while the Senate is still a toss-up. State elections show consistency in party control, but some key governor and attorney general races saw turnover. Members: Register for our Nov. 16 ACA Huddle to learn more about the election results and ACA’s advocacy strategy. 11/09/2022 3:20 […]

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