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Finance & Bankruptcy News
  
  

December 11, 2025

In this issue:

  

  

  
   Fair Debt Collection Practices Act FDCPA on a table   

Recent Collection Developments and the Importance of Legal Counsel

Finance & Bankruptcy Practice

The Fair Debt Collections Practice Act (FDCPA) continues to evolve to address today’s digital-first environment. Among proposed updates include stricter communication limits, such as capping contact attempts per week across all channels and clearer validation notices delivered electronically. These changes aim to curb harassment and improve transparency, while reinforcing protections against collecting time-barred debts. 

FDCPA compliance is highly technical and frequently litigated. Missteps can lead to costly penalties and reputational harm. Consult your finance & bankruptcy attorney to ensure your collection practices align with evolving federal and state regulations, implement robust compliance strategies, and mitigate risk in an increasingly complex regulatory landscape...

  

  

  
   Exhausted fatigued upset woman employee sitting at workplace office, all covered with sticky notes, holding big clock   

2025 Year-End Checklist for Businesses

Amanda J. DernovshekTaylor A. Gast
and Lindsey M. Mead

Please note this article has been updated since its initial publication on November 6, 2024. This checklist is intended to be an annual reminder for business practices.

1. Schedule a meeting with your tax advisors.

There might be opportunities for last minute tax planning this year. Be sure to consult your tax advisors while you still have time to take action in 2025...

Blue Box with White Letters: Read More

  

  

  
   Father and young boy in airport with backpack and suitcase. Travelling with kids   

Holiday Checklist: A Practical Guide for Parents and Guardians Traveling with Minors

Destiny R. Hughes and Benjamin M. Williams

With the holiday season already here, many families are quickly approaching their holiday travel plans. Whether across state lines or international borders, when minors are involved, travel preparation for parents or guardians goes well beyond packing holiday gifts and road-trip snacks.

Legal requirements, documentation, and industry safeguards can create unexpected hurdles, making the journey legally complex. Understanding the rules and preparing the right documents can help ensure a smoother journey. Here’s what you need to know...

Blue Box with White Letters: Read More

  

  

  
   Business accountant calculates income-expenses to save money for the future.   

IRS Announces 2026 Cost-of-Living Adjustments for Retirement Plans and for Health and Welfare Benefit Plans

Amanda J. DernovshekJulie L. Hamlet, 
Mindi M. Johnson and Olivia K. Reid

The IRS has announced the 2026 cost-of-living adjustments for retirement plan and health and welfare benefit plan limitations. The charts below set forth the applicable limitations for 2026 relative to the 2025 limitations....

Blue Box with White Letters: Read More

  

  

  
  

Former NFL Standout Braylon Edwards Covers College Athletics on FS Sports Talk Podcast

The world of college athletics is buzzing with unprecedented change. Foster Swift’s Sports Talk podcast explores all aspects of college athletics including recruiting and NIL, along with the financial and legal impact on players.

In one of the most recent episodes, listeners heard from Braylon Edwards, University of Michigan football great and former NFL wide receiver who talked about his own journey, how different it is for today’s high school athletes, the current state of college football and what the future of college athletes may look like. 

Other recent guests include:

  • Former All-American football player at the University of San Diego, J.T. Rogan, who is recognized as one of the most influential people in the Name Image & Likeness (NIL) space.
  • Multi-talented athlete from Haslett High School with USA Lacrosse All-American, first-team All-State honors and recent commit to play lacrosse at the University of Pittsburgh, Abby Russell. Abby is the daughter of Foster Swift attorney and podcast host, Dave Russell.

All podcast episodes are available on Apple PodcastsSpotify as well as YouTubeFollow the podcast on Instagram and X/Twitter.

  

  

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Foster Swift Collins & Smith, PC E-Newsletters are intended for general information for our clients and friends. This newsletter highlights specific areas of law and is not legal advice. The reader should consult an attorney to determine how this information applies to any specific situation.

IRS Circular 230 Notice: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication is not intended to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed in this communication.

Copyright © 2026 Foster Swift Collins & Smith, PC.

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