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

5
2024
Industry News

Five New Federal Agencies Join Justice Department in Pledge to Enforce Civil Rights Laws in Artificial Intelligence

The Justice Department announced today that five new cabinet-level federal agencies have joined a pledge to uphold America’s commitment to core principles of fairness, equality and justice as new technologies like artificial intelligence (AI) become more common in daily life.

Read post

April

5
2024
Industry News

New State Health Privacy Laws—Moving Beyond HIPAA and Recasting Consumer Health Data Rights?

New, first-of-their-kind consumer health data privacy laws in Washington and Nevada are designed to provide state-level protections for personal health data not covered by the Health Insurance Portability and Accountability Act ("HIPAA") and set the stage for potential increased litigation and enforcement.

Read post

April

5
2024
Industry News

St. Elizabeth Credit Union Merges With First Commonwealth Federal Credit Union

ALLENTOWN, PA, UNITED STATES, April 4, 2024 /EINPresswire.com/ -- St. Elizabeth Credit Union has announced the approval of its merger with First Commonwealth Federal Credit Union, marking a significant milestone in the credit union landscape. The combined entity will operate under the banner of First Commonwealth Federal Credit Union.

Read post

April

5
2024
Strategy

FinCEN’s Look at Banks’ Customer ID Efforts Points the Way to Increased Digitization

The fraudsters are wilier than ever. The dark web offers all manner of details up for sale, from email addresses to Social Security numbers. And for banks, the key point of interaction — the initial onboarding of clients — requires a re-examination of the data used to identify and verify individuals and enterprise clients.

Read post

April

5
2024
Industry News

Attorney General Josh Stein Sues Predatory Lender

(RALEIGH) Attorney General Josh Stein sued Mariner Finance for widespread violations of multiple consumer protection laws, including allegedly charging North Carolinians for hidden add-on products that they either didn’t know about or didn’t agree to buy. In 2019 alone, Mariner charged consumers $121.7 million nationwide in premiums and fees for add-on products, not including all of the additional interest Mariner earned on the add-on premiums and fees.

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.