Daily Digest - October 29 2025

Brought to you by: TCN | By Mike Gibb

Author

Mike Gibb
October 29, 2025

🎉Happy Birthday to: Ronnie Lemmond of RGL Associates, Joseph Westerfield of Moneytree, Michael Bobo, Jr. of Sequium Asset Solutions, Ashley Roomsburg at PRA Group, and Rob Norwood of Todd, Bremer & Lawson.

🎉Congratulations for starting new positions: Heleyna Carter as Associate Director Agency-Collections at Weltman, Weinberg & Reis Co., LPA.

📝 Quick Notes

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🔔 Upcoming Meetings

Thursday, October 30 @4pm ET: Small Agency TechTactics

CFPB Rescinds Nonbank Registry Rule, Citing High Costs and Minimal Benefits

  • The Consumer Financial Protection Bureau has officially rescinded its Nonbank Registry Rule, reversing a Biden-era initiative that required nonbank financial firms to report enforcement orders into a public CFPB database. The rollback, announced this week in the Federal Register, eliminates reporting and attestation obligations for thousands of lenders, servicers, and fintechs.

  • More details here.

A MESSAGE FROM TCN

TODAY‘S WEBINARS

UPCOMING WEBINARS

Judge Dismisses FDCPA Suit After Collector’s Only Act Was Answering the Phone

  • Sometimes, just answering the phone is enough to get you sued. But, thankfully, a District Court judge in Louisiana has granted a collection law firm’s motion to dismiss claims it violated the Fair Debt Collection Practices Act.

  • More details here.

Banking Committee Dems Accuse Vought of Illegally Trying to Shutter CFPB

  • Democrats on the Senate Banking Committee are warning that Acting Consumer Financial Protection Bureau Director Russell Vought is moving forward with plans to “illegally” dismantle the agency, despite a federal court order prohibiting it.

  • More details here.

State Announces Promotion of Brandon Huisman to Vice President

  • State is pleased to announce the promotion of Brandon Huisman to Vice President of Digital Communications and Operational Strategy.

  • More details here.

31 Companies Seeking Collection Talent

  • Training professionals are in high demand this week, with three different companies looking to fill vacancies in that area. Those are just some of the nearly three dozen job openings available across the credit and collections industry. Check out this week's job listing summary for all of the opportunities that are out there.

  • More details here. 

WORTH NOTING: Spend a night on the job with a repo man, who is busier than ever these days ... If you think you are keeping your location private, when you don't turn your camera on during video calls, you may want to read this ... Barclays U.S. consumer bank is buying fintech lender Best Egg for $800 million ... Younger generations are becoming less afraid of asking for help, especially when it comes to money ... Tips from Nick Offerman on how to build things that last ... Three common thinking traps and how to avoid them, according to a psychologist ... Starting next year, Venmo will allow users to make rent, mortgage, and retail payments through its app ... Dunkin' has announced its holiday food and drink menu.

Wisdom Wednesday, part I

Wisdom Wednesday, Part II

Webinar Recap: Your Online TOS Don't Mean Sh!t: Using Compliance-by-Code to Stay Audit-Ready

In today’s digital-first collections landscape, compliance can no longer live in policy manuals—it has to live in the code. That was the central message of the recent webinar, “Your Online TOS Don’t Mean Sh!t: Using Compliance-by-Code to Stay Audit-Ready,” sponsored by Tratta. Moderator Mike Gibb of AccountsRecovery.net led a panel featuring Josh Allen, Michael Adams, Sarena Gaylor, and Heath Morgan.

Panelists agreed that written terms of service (TOS) alone don’t protect organizations—proof does. They discussed how compliance needs to be embedded directly into digital systems to create auditable trails of consumer consent, revocations, and communications. “A contract isn’t enough—you need evidence of what actually happened,” said Adams.

Gaylor emphasized the operational challenges law firms face in bridging compliance and technology, noting that without real-time data syncing, “you’re exposed to risk.” Morgan warned that new universal opt-out rules will make it critical for agencies to process consumer revocations instantly, as “technical issues won’t be a defense.” Allen added that compliance teams should be seen not as the “NO team,” but as the “KNOW team”—integral to ensuring operational readiness.

As technology and regulation evolve, the consensus was clear: the future of compliance lies in automation, integration, and cross-functional collaboration.

🧠 Key Takeaways:

  • Embed compliance into your systems. Automate consent tracking, revocations, and audit logs to ensure every digital interaction is defensible.

  • Tighten collaboration between IT and compliance. Build stronger communication channels to prevent gaps between policy and execution.

  • Future-proof your operations. Prepare now for AI-driven communications, RCS messaging, and new consent requirements to stay compliant and competitive.

The Daily Digest is sponsored by TCN