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.

April

10
2024
Industry News

Biden-Harris Administration Announces New Plans to Deliver Debt Relief to Tens of Millions of Americans

The Biden-Harris Administration today released initial details of a new set of plans that would provide student debt relief for tens of millions of borrowers across the country.

Read post

April

10
2024
Industry News

Virginia Governor Amends Statute of Limitations Bill; Approves Medical Debt Credit Reporting Measure

The medical debt credit reporting law will take effect July 1, while the legislature will revisit the statute of limitations amendments next week.

Read post

April

10
2024
Industry News

Senators Introduce Resolution of Disapproval on CFPB Credit Card Late Penalty Final Rule

WASHINGTON – At the beginning of March, the Consumer Financial Protection Bureau (CFPB) announced its final rule to restrict credit card penalties, capping late fees at $8, down from $32. The rule, which is expected to go into effect on May 14, 2024, fails to consider how the proposal would harm American consumers, resulting in lower credit scores and reduced credit availability.

Read post

April

10
2024
Industry News

Alliant Credit Union Recognized for Finance Industry & Workplace Achievements in TITAN Business Awards

CHICAGO, April 9, 2024 /PRNewswire/ -- Alliant Credit Union, one of the largest credit unions in the nation, has earned the highest honors in this year's 2024 TITAN Business Awards, recognizing its leadership and exceptional performance in finance and workplace culture. The international TITAN awards celebrate business excellence worldwide and individuals and organizations for their innovation, leadership and outstanding achievements.

Read post

April

10
2024
Industry News

CFPB Comment to Illinois Joint Committee on Administrative Rules on the State’s Proposed Community Reinvestment Act Rules

On behalf of the Consumer Financial Protection Bureau (CFPB), I am pleased to submit this comment regarding the Illinois Department of Financial and Professional Regulation’s (IDFPR’s) proposed rules for the state’s Community Reinvestment Act (CRA).

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.