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CFPB Shuts Down Commonwealth Financial Systems for Illegal Debt Collection Practices

Collection Industry News

Commonwealth is a third-party debt collector that specializes in the collection of past-due medical debts and furnishes information about consumer collection accounts to consumer reporting companies.

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ARM 2025: Technology Adoption and Regulatory Uncertainty Ahead

Collection Industry News

According to aTransUnion report, approximately 11% of third-party debt collectioncompanies were already using AI and machine learning (ML) technologies. And around 60% of third-party debt collectors were in the process of deploying AI/ML-based technology.