Appeals Court Overturns Ruling in FCRA Case Over ‘Clickwrap’ Disclosure
- The Court of Appeals for the Eleventh Circuit has overturned a lower court’s denial to compel arbitration in a Fair Credit Reporting Act case, ruling the “clickwrap” process under which the plaintiff signed up for was clear and explicit. The decision reinforces the enforceability of clickwrap agreements and clarifies that disputes about waiver, when properly delegated, must be decided by an arbitrator.
- More details here
Trump Signs Sweeping Policy Overhaul, Reshaping Federal Student Loan System
- While much of the attention related to President Trump’s “One Big Beautiful Bill” has been focused on the impact to the funding and future of the Consumer Financial Protection Bureau, the bill, which was signed into law on Friday enacts wide-reaching reforms to federal student loan borrowing, repayment, and eligibility requirements that will take effect starting July 1, 2026.
- More details here
Debit Cards Gain Ground, But Credit Still Leads as Consumer Payment Preferences Evolve
- Debit cards are seeing a resurgence in consumer interest as inflation, tighter credit standards, and digital innovations reshape how Americans manage everyday spending. However, new data confirms that credit cards still hold the upper hand when it comes to transaction volume, indicating ongoing consumer reliance on revolving credit to manage financial pressures.
- More details here
Compliance Digest – July 7
- Check out what some of the credit and collection industry’s leading legal minds have to think about rulings from the Supreme Court, how Congress is treating the CFPB, and the amounts that are being awarded to plaintiff’s attorneys in this week’s Compliance Digest. Thanks to Brooke Conkle, Jessica Klander, Leslie Bender, Brendan Little, and Dale Golden for participating!
- More details here
- This series is sponsored by Bedard Law Group
WORTH NOTING: If you have a call with customer service drop, chances are it’s not an accident … I’m sure if you asked kids, you would get a different list, but here is a ranking of the top Pixar movies … Why you may want to consider working out first thing in the morning … Working nine-to-five isn’t cutting it for most Americans anymore … Vegetarians might be more power-hungry than meat-eaters, according to new research … The best leaders know how to ask the right questions. Here is a tool to help you do the same … If you haven’t invested in the stock market yet, here are 10 reasons why you should … The untold story behind The Olive Garden’s never-ending bowl of breadsticks.
Music Monday, part I
Music Monday, part II
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