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September

19
2025
Trends

NCUA Releases Q2 2025 State-level Credit Union Data Report

The National Credit Union Administration today released the second quarter state-level credit union data report for 2025. Report findings indicate that for federally insured credit unions, assets, and shares and deposits increased at the median over the year ending in the second quarter of 2025. At the same time, loans outstanding declined slightly, according to the latest Quarterly U.S. Map Review.

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September

19
2025
Compliance

[PODCAST]: Current State Statutes That Apply to AI in the Consumer Financial Services Industry

In this episode of the Consumer Finance Monitor podcast, host Alan Kaplinsky welcomes Pat Utz, CEO and co-founder of Abstract, a venture capital-backed AI company headquartered in New York. Pat brings extensive expertise on artificial intelligence. The podcast focuses on current developments in AI regulation and implementation, first covering President Trump’s recent “Winning the Race: America’s AI Action Plan” and its potential impact on federal policy. Alan and Pat discuss the evolving landscape of AI statutes, and developments at the state-level in places like Utah and Colorado.

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September

19
2025
Compliance

California, Colorado, and Connecticut Launch Joint Privacy Sweep Over Opt-Out Rights

On September 9, the California Privacy Protection Agency (CPPA) and the Attorneys General of California, Colorado, and Connecticut announced a joint enforcement sweep targeting businesses that may be failing to honor consumer opt-out requests under state privacy laws. The joint effort centers on the Global Privacy Control (GPC), a browser setting that automatically signals to companies that a consumer does not want their personal information sold or shared.

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September

19
2025
Industry News

Court rejects ‘bona fide error’ defense, grants summary judgment for plaintiff in FDCPA and state debt collection laws case

On September 4, a federal judge in the state of Washington granted partial summary judgment for the plaintiff in an FDCPA case, finding the debt collector liable under the FDCPA, the Washington Collection Agency Act (WCAA), and Washington’s Consumer Protection Act (CPA). The plaintiff alleged the defendant attempted to collect and report on a debt the defendant did not owe — negatively affecting the plaintiff’s credit.

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September

19
2025
Compliance

From Fantasy Football Owners to Collector Coaches: The Value of Consistent Call Monitoring

My favorite time of year has arrived—football season. That glorious time when hope is sky-high one minute and jerseys are halfway to the bonfire the next. After the Detroit Lions’ opening game against the Packers, the headlines made it sound like the season was already over and the team should start scouting for the first pick in the draft. Of course, the very next game told a completely different story—because in football, fans can go from despair to Super Bowl planning faster than the first down marker gets moved.

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