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.

May

30
2024
Industry News

Global Credit Union Foundation Gives $72,500 to Local Nonprofits

ANCHORAGE, Alaska –The Global Credit Union Foundation donated $72,500 to community nonprofits in Alaska and Arizona. The April donations were part of the Foundation’s 2024 quarterly distribution of funds in support of its mission to aid needs-based organizations that benefit children, veterans, military personnel and their families, and local food banks and pantries.

Read post

May

30
2024
Industry News

Colorado Passes New AI Law to Protect Consumer Interactions

On Friday, May 17, 2024 Colorado Governor Jared Polis signed SB205 (Consumer Protections for Interactions with Artificial Intelligence) into law with an effective date of February 1, 2026.

Read post

May

30
2024
Industry News

CFPB Late Fee Lawsuit Moved Back to DC Court

A federal judge in Texas has bounced a lawsuit challenging the consumer protection agency’s credit card late fees cap back to Washington, D.C, Reuters reported Tuesday (May 28).

Read post

May

30
2024
Compliance

The Credit Card Competition Act of 2023: Elements and Potential Impact

The Credit Card Competition Act of 2023 (“CCCA”) is proposed legislation that would “amend the Electronic Fund Transfer Act to require the Board of Governors of the Federal Reserve system to prescribe regulations relating to network competition in credit card transactions, and for other purposes.”2

Read post

May

30
2024
Industry News

VA calls for extension of Veteran foreclosure moratorium through Dec. 31, 2024

WASHINGTON — Today, the Department of Veterans Affairs issued guidance to strongly encourage mortgage servicers to implement a targeted moratorium on foreclosures for Veterans with VA-guaranteed loans through December 31, 2024. This will help Veterans and their families stay in their homes beyond the end of the current foreclosure moratorium, which will end on May 31.

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.