CFPB, Federal Agencies, State Agencies, and Attorneys General
In Episode 3 of our Debt Sales 101 mini-series, we discuss who buys charged-off debt and how debt sale transactions are typically structured. We explain how different buyers specialize in different asset classes and how buyers evaluate portfolios from legal, regulatory, and commercial perspectives.
From a buyer’s perspective, purchasing debt is not just a credit decision.… Continue Reading
In Episode 2 of our Debt Sales 101 mini-series, we move from the “why” behind debt sales to the “what.” Specifically, we discuss what types of debt can be sold, how portfolios are typically composed, and the legal and regulatory considerations that determine whether debt is appropriate for sale.
Not all debt is equally marketable, and not all accounts within a portfolio carry the same legal, regulatory, or operational risk.… Continue Reading
On this episode of the Ballard Spahr Consumer Finance Monitor Podcast, we examine consumer debt and bankruptcy through the lens of Debt’s Grip: Risk and Consumer Bankruptcy (University of California Press, 2025), by Pamela Foohey, Robert M. Lawless, and Deborah Thorne.
Based on decades of research from the Consumer Bankruptcy Project, the nation’s most comprehensive study of bankruptcy filers, Debt’s Grip goes beyond aggregate data to document the lived experience of financial distress.… Continue Reading
Today’s episode features Part 2 of our November 4 webinar, “The CFPB’s Most Ambitious Regulatory Agenda Ever.” (Part 1 of this series was released on December 18. We encourage you to listen to that episode as well). In Part 2, we continue to unpack the far-reaching implications of the Consumer Financial Protection Bureau’s (CFPB) regulatory ambitions.… Continue Reading
In this podcast, we discuss the latest modifications to the proposed CCPA regulations with Lauren Valenzuela, Corporate Counsel for Performant Financial, a provider of technology-based solutions to assist debt recovery. Our discussion covers topics relevant to the debt industry, including the potential impact for debt collectors and other service providers indirectly collecting consumer data; changes for processing household requests; availability of GLBA and other exemptions; issues for users of artificial intelligence; relationship of CCPA opt-outs and FDCPA cease and desist requests; areas needing more clarification.… Continue Reading
