insideARM Weekly Recap – Week of July 29th, 2024

News in the ARM industry moves fast. Keeping up and determining what's important can be challenging. This is why the editorial team at insideARM sifts through all the news and brings you the need-to-know highlights. Last week we brought you news about an interesting FDCPA-letter case, Congress's struggles post-Chevron, and information about consumer spending. Read on for a breakdown of these stories and why we think you need to know about them.

Tuesday's news involved a case in which a district court rejected a consumer's claim that letters to his attorney violated the FDCPA. The court focused on the letter's recipient, rather than its substance.  In a world where consumer attorneys are constantly finding new and creative ways to use the FDCPA to manufacture lawsuits, this case is a good reminder that not all of those novel ideas will work, and sometimes logic wins out.

On Wednesday, we published an article detailing Congress's struggle post Chevron. Several bills were introduced in both the House and Senate that attempt to help shape the future regulatory environment. While there's nothing to do regarding these bills right now, to ensure they are prepared for the future, those in the ARM industry should pay attention to what's happening on Capitol Hill post-Chevron. 

On Thursday, we brought you an article detailing the Consumer Spending Divide, how it impacts delinquencies, and some tips for how to recover more across each side of the divide. We chose this article for you because it was full of useful and easy-to-understand information regarding the current financial landscape and how you can use that information to improve your business. 

We at insideARM appreciate you joining us for another weekly recap! If you still have some catching up to do you can find our recap for the week of July 22nd here.

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