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

Legal Update: Supreme Court Denies Petition Challenging CFPB; Business Groups Sue on Overtime Rule

Courts are busy following the U.S. Supreme Court decision on the Consumer Financial Protection Bureau’s funding structure, including updates on challenges to its rules and other federal rules.

Read post

May

30
2024
Trends

Distressed US M&A volumes are on the rise

The US appears likely to enter a default cycle in the near future, according to senior fund managers and economists. A recent bout of M&A transactions involving chapter 11 cases point in the same direction.

Read post

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

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.