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.

March

12
2024
Industry News

California Coast Credit Union Officially Recognized as a Great Place to Work

San Diego, CA, March 11, 2024 --(PR.com)-- California Coast Credit Union has received official recognition as a Great Place to Work following certification by a national workplace assessment organization.

Read post

March

12
2024
Industry News

Sound Credit Union and Washington Business Bank Announce Acquisition Agreement

TACOMA, Wash. & OLYMPIA, Wash., March 11, 2024--(BUSINESS WIRE)--Sound Credit Union, a leading not-for-profit financial institution serving Washington State, and Washington Business Bank (OTCPK: WBZB), a premier commercial bank headquartered in Olympia, Washington, announced today they have entered into a definitive agreement in which Sound Credit Union will acquire Washington Business Bank.

Read post

March

12
2024
Industry News

The CFPB is going after ‘junk fees’ mortgage lenders charge at closing. This could get ugly

The Consumer Financial Protection Bureau (CFPB) will be closely scrutinizing what it described as “junk fees” imposed on borrowers when closing a mortgage. Its new priority has provoked strong criticism from the mortgage industry.

Read post

March

12
2024
Industry News

US Chamber Sues CFPB to Block Credit Card Late Fee Limits

The U.S. Chamber of Commerce filed a lawsuit against the Consumer Financial Protection Bureau, aiming to stop the agency from implementing its new rule to limit credit card late fees.

Read post

March

12
2024
Trends

U.S. Foreclosure Activity Continues to See an Annual Increase

IRVINE, Calif. — March 12, 2024 ATTOM, a leading curator of land, property, and real estate data, today released its February 2024 U.S. Foreclosure Market Report, which shows there were a total of 32,938 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions – down 1 percent from last month but up 8 percent from a year ago.

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.