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- Daily Digest - June 30, 2026
Daily Digest - June 30, 2026
Brought to you by: TCN | By Mike Gibb
Mike Gibb
June 30, 2026
🎂 Happy birthday to: Clair Turk of Southwood Financial.
New AI Event!
I am thrilled to announce a new live conference I am hosting. It’s an AI conference for the credit and collection industry. It will be held in Denver this September. Check out getbrainstorming.com for more information. And watch the video below to see me showcasing my outdoor skills.
If you are interested in being a speaker at the event, click here.
Creditor, Law Firm Accused Taking ‘Advantage’ of Plaintiffs
A creditor is facing a claim of violating New Jersey’s Consumer Fraud Act and a collection law firm is facing a claim of violating the Fair Debt Collection Practices Act over failing to cancel a consumer’s gym membership and subsequently trying to collect on additional fees which were not part of the original agreement.
This series is sponsored by WebRecon
A MESSAGE FROM TCN
TODAY’S WEBINAR
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Furnishing Late-Rent Data Doesn’t Make Defendant a Debt Collector, Judge Rules
A District Court judge in New York has granted summary judgment to a defendant in a Fair Debt Collection Practices Act lawsuit, ruling that a company that furnishes tenants’ rental payment data to credit reporting agencies is not a debt collector subject to the statute, even if its actions “may scare tenants into paying on time or indirectly punish tenants for paying late.”
Illinois Bars Hospital Liens on Patients’ Homes for Medical Debt
Illinois has enacted a law barring hospitals from placing liens on a patient’s home to collect unpaid medical debt, adding the state to a growing roster of jurisdictions reshaping how providers and their collection partners pursue health care obligations.
Supreme Court Expands Presidential Control Over Financial Regulators, Shields the Fed
The Supreme Court on Monday handed President Trump expansive authority to fire the leaders of independent federal agencies, a ruling that could reshape oversight of the credit and collection industry for years to come.
Judge: A Credit Report Isn’t ‘Prepared’ Until Someone Asks for It
A District Court judge in Texas has granted summary judgment to a plaintiff on a defendant’s statute of repose defense in a Fair Credit Reporting Act lawsuit, ruling that the consumer’s claim over a mixed credit file was timely because the disputed reports were not prepared until a third party requested them.
State Appeals Court Affirms $14.8K Judgment Against Consumer
The Superior Court of Pennsylvania has affirmed a nearly $15,000 judgment against a credit cardholder who argued the plaintiff never proved it owned his account, in a breach-of-contract action that turned on the difference between a corporate name change and the sale of a debt.
NYT to Consumers: Stop Mailing Checks
The advice landing in consumer inboxes is getting blunter: stop putting checks in the mail.
WORTH NOTING: Some experts think parents are being too overprotective of their kids ... If you are hosting a barbecue this 4th of July, prepare to spend more money ... Nearly 90% of homeowners are overpaying for their mortgages, according to Bankrate ... The AI jobs debate is getting messier ... Why two identical HVAC quotes can be thousands of dollars apart from one another ... Compliance question: is July 3 considered a business day because July 4 falls on a Saturday this year? ... WalletHub has a look at the credit card landscape ... The number of decisions you have to make each day may be impacting your energy levels.
Trailer Tuesday, part I
Trailer Tuesday, Part II
Webinar Recap: Mid-Year Regulatory Check-In: What's Changed, What's Still Coming, and What You Should Be Doing About It
The webinar, moderated by Dennis Barton and sponsored by Cornerstone Licensing Services, brought together industry experts to discuss regulatory shifts shaping compliance strategies in 2026. Panelists included Sarah Auchterlonie, Stefanie Jackman, David Reid, and Nathan Willner, who highlighted developments at both federal and state levels, as well as emerging trends in technology and enforcement.
Key Highlights:
California Licensing Proposal: David Reid revealed that California’s DFPI is considering rules requiring all creditors holding delinquent debt beyond 90 days to be licensed as debt collectors. He noted, “Think of all the businesses… doctor’s offices, plumbers, electricians… they’d all need licenses.”
Federal Housing Legislation: Sarah Auchterlonie discussed the Road to Housing Act, which amends over 100 sections of federal law to address affordability by increasing housing supply rather than just subsidies.
AI Regulation and Adoption: Stefanie Jackman emphasized AI’s potential for efficiency and consumer experience, while cautioning that state-level rules are rapidly evolving. She stressed, “Now is not the time to take your foot off the gas when it comes to compliance.”
Panelists agreed that while the CFPB is downsizing, it remains active, particularly around consumer data. Enforcement risks are shifting to state and local regulators, with jurisdictions like New York City, California, Colorado, and Washington aggressively hiring enforcement staff and interpreting statutes broadly.
🧠 Key Takeaways:
Stay vigilant on state-level enforcement: States are expanding oversight and hiring aggressively, making compliance more complex.
Prepare for AI-related compliance: Track emerging state rules on AI usage, offshore servers, and data centers to avoid regulatory pitfalls.
Maintain strong compliance programs: Do not assume reduced CFPB staffing means reduced risk; consumer data practices remain under scrutiny.
This mid-year check-in underscores that compliance risks are diversifying, requiring firms to balance federal baselines with increasingly aggressive state-level regulations.
Did you know you can get full access to all of my past webinars, along with transcripts and summaries of each, for only $29/month? Sign up to be a premium subscriber today!
The Daily Digest is sponsored by TCN
