CFPB Roundup
- More behind the scenes testimony yesterday during a court hearing over a request for an injunction that would stop plans to eliminate staff at the Consumer Financial Protection Bureau, including revelations that the Trump administration is considering another push to eliminate the regulator. As well, ACA International has pointed out that the Bureau has extended the comment periods for a pair of proposed rules. More details on all of this below.
- More details here
Court of Appeals Upholds Ruling Against Lender’s Arbitration Clause
- The Court of Appeals for the Fourth Circuit has upheld a lower court’s ruling in favor of plaintiffs who sued a lender over the terms of the arbitration clause in a contract because the language was “so one-sided as to deprive the purported contract of any meaningful idea of reciprocity that a contractual bargain is meant to embody.”
- More details here
Inflation Reigns as Top Financial Worry While Medical Debt Overtakes Student Debt
- Americans are bracing for continued economic headwinds in 2025, with half expecting inflation to rise further and a majority believing their incomes can’t keep pace. That’s from Northwestern Mutual’s newly released 2025 Planning & Progress Study. For the credit and collection industry, it’s a clear signal that consumer finances remain tight — and that new and existing debt could rise, especially as individuals juggle higher prices and lingering economic concerns.
- More details here
23 Companies Seeking Collection Talent
- Whether you are looking for the next step up the corporate ladder or looking for ideas to help attract candidates to your company or curious how much your peers are paying new hires, there are a lot of reasons to check out this week’s job listings summary.
- More details here
WORTH NOTING: The simple question you need to ask yourself if you want to be happy … Can aspirin help fight cancer? … The Department of Education is laying off half of its staff … The three happiest cities in the United States might not be where you think they are … A handful of moves you can make if you are worried about losing your job … Not only do they look stupid, but at least one team’s hat is NSFW and had to be pulled from the shelves … The best movies and shows on Netflix right now … Dog bites man isn’t news. Dog shoots man, on the other hand.
Wisdom Wednesday, part I
Wisdom Wednesday, part II
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