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

Consumer Advisory: Opportunity to cancel student loan debt ends soon

Many student loan borrowers have an opportunity to have their entire student loans cancelled or receive more credit towards cancellation, but they must act before April 30, 2024.

Read post

March

12
2024
Trends

Used Vehicle Value Index

By applying statistical analysis to its database of more than 5 million used vehicle transactions annually, Manheim has developed a measurement of used vehicle prices that is independent of underlying shifts in the characteristics of vehicles being sold.

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
Industry News

Federal Court Clarifies Narrow Face-to-Face Exemption to TSR Advance Fee Prohibition, Immediately Bans Defendants from Charging or Collecting Upfront Fees

On March 4, 2024, a federal trial court in New York immediately banned a slew of debt relief service providers from charging and/or collecting any advance fees for debt relief services, finding that the defendant’s initial in-person presentations did not satisfy the “face-to-face” exemption under the Telemarketing Sales Rule (“TSR”) and thereby did not exempt the defendants from the prohibition against charging or collecting upfront fees.

Read post

March

12
2024
Industry News

FTC Implements New TSR B2B Protections and Proposes Rule on Tech Support Scams

On March 7, 2024, the Federal Trade Commission announced a final rule extending telemarketing fraud protections to businesses and updating the rule’s recordkeeping requirements as a result of developments in technology and the marketplace.

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.