Collections news at your fingertips

Stay up-to-date with the latest news and developments in the collections industry.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

June

4
2024
Strategy

6 ways credit unions can attract Gen Z members

A significant portion of the dollar earning and spending population — an estimated 1.7 billion people — will be entering into the economy in the coming years. Credit unions need to start considering how to reach this generation with unique values and exceptional digital fluency. We’re sharing six ways your credit union can captivate Gen Z members and secure a place in the hearts and wallets of tomorrow’s financial leaders.

Read post

June

4
2024
Industry News

The Minnesota Consumer Data Privacy Act: Minnesota Becomes the 18th State to Enact a Comprehensive Consumer Privacy Law

On May 24, 2024, Governor Walz signed into law the Minnesota Consumer Data Privacy Act (MNCDPA). This landmark law is the first set of comprehensive consumer privacy standards specific to Minnesota residents. The law will take effect on July 31, 2025, for most covered entities.

Read post

June

4
2024
Industry News

Prepared Remarks of CFPB Director Rohit Chopra on the Final Rule to Detect and Deter Repeat Offenders

Too many American families have been harmed by corporate repeat offenders in a rinse-and-repeat cycle of illegality, where bad actors see fines and penalties as the cost of doing business. Throughout our economy, we have seen fraudsters and scam artists get caught in one part of the country and restart their scheme in a new place hoping to not get caught again.

Read post

June

4
2024
Compliance

Semi-Annual Report of the Consumer Financial Protection Bureau

The Consumer Financial Protection Bureau is pleased to present our Semi-Annual Report to Congress for the period beginning April 1, 2023 and ending September 30, 2023.

Read post

June

4
2024
Industry News

CFPB Creates Registry to Detect Corporate Repeat Offenders

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today finalized a rule to establish a registry to detect and deter corporate offenders that have broken consumer laws and are subject to federal, state, or local government or court orders.

Read post

Weekly newsletter

Get DebtHub's weekly newsletter, packed with the latest economic trends, compliance news, and strategy insights that matter to collections professionals like you.