FTC Abandons Disparate Impact Claims
- The FTC just declared it will never again bring a disparate-impact claim, under any statute it enforces, and it is unwinding prior consent orders to prove it means it. The announcement narrows federal fair-lending exposure considerably, but there is one big reason furnishers and creditors should not retire their fair-lending analytics just yet.
- More details here
Consumers Feel Better About Their Finances, But More Expect to Miss a Debt Payment: NY Fed
- Households say they are in their best financial shape in months. So why did the expected probability of missing a debt payment just jump, and why is the increase concentrated in exactly the income segments that fill most collection portfolios? The New York Fed’s latest survey has a soft spot forming right where the industry lives.
- More details here
Appeals Court Affirms $32k Fee Award Against Plaintiff in Credit Reporting Case
- Three lawsuits. Same tradeline. Same result, until the third one ended with the plaintiff owing the credit reporting agency more than $32,000, which was actually more than the defendant asked for. The Fifth Circuit’s explanation of why no frivolousness finding was needed is a roadmap worth keeping for anyone facing a serial filer.
- More details here
Appeals Court Affirms Ruling for Auto Lender in TILA, FDCPA, TCPA Case
- A borrower stopped paying, lost his truck, and threw three federal statutes at the lender. The Tenth Circuit swatted down every one, noting the required disclosures were “brandished” on page one of the contract, and closed with a pointed reminder about the first task of any appellant.
- More details here
Indiana Appeals Court Won’t Undo Seven-Year-Old Default Judgment Over Service Dispute
- Seven years after a debt buyer won a default judgment over a $980 debt, the defendant tried to erase it, claiming he never got the summons. The Indiana Court of Appeals explained why his word alone was not enough, even under a relaxed standard triggered when the plaintiff never bothered to file a brief.
- More details here
New Benchmark Data Shows AI Thrives Where the Rules Are Known
- Financial services is scaling AI faster than any other sector, but almost entirely in places customers never see. New benchmark data reveals exactly which tasks are winning, which are stalling at 10% adoption, and the one barrier holding back the firms that have gone furthest. The pattern maps neatly onto how ARM shops should be thinking about deployment.
- More details here
Compliance Digest – August 10
- Ten rulings, ten expert takes. This week’s Digest covers a 28-page opinion built on Reconstruction-era precedent (with an iceberg metaphor you have to read), fabricated case citations called out on appeal, a pro se plaintiff on his fourth bite at the apple, and the Seventh Circuit’s line on what the FCRA does not require CRAs to do.
- More details here
- This series is sponsored by Frost Echols
WORTH NOTING: Fewer employers are planning on “peanut butter” raises and going back to performance-based raises … Mistakes to avoid when buying a used EV … A list of “boring” jobs that pay pretty well and are desperate for workers … Be on the lookout for “jury duty” scams that sound pretty convincing … What you should do with all those pennies you have lying around … A look at which area codes were most in demand in 2025 … A career coach shares tips to help people ace job interviews and combat anxiety … America’s hottest housing markets are in the Midwest and Northeast.
Music Monday, part I
Music Monday, part II
The Daily Digest is sponsored by TCN. Today, contact centers need to do more with less. TCN’s cloud-based predictive dialing tools and services help clients to leverage the most sophisticated inbound, outbound, and blended calling technologies available. TCN’s award-winning platform offers multiple features to assist in compliance while improving performance with no hardware, no monthly minimums, or maintenance fees. Call 866-745-1900 or visit tcn.com today.
