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.

February

6
2024
Industry News

Newsweek Names Redwood Credit Union One of “America’s Best Credit Unions”

Santa Rosa, CA – Redwood Credit Union has been recognized by Newsweek as one of "America’s Best Credit Unions 2024." Newsweek’s inaugural study analyzed the financial health, operational performance, and customer evaluations of nearly 4,800 regional credit unions across the U.S. to identify the best 250. RCU ranked in the top 10 of California-based credit unions.

Read post

February

6
2024
Industry News

FCC Chairwoman proposes making all AI-generated robocalls “illegal” to help State Attorneys General

On January 31, FCC Chairwoman, Jessica Rosenworcel, released a statement proposing that the FCC “recognize calls made with AI-generated voices are ‘artificial’ voices under the Telephone Consumer Protection Act (TCPA), which would make voice cloning technology used in common robocalls scams targeting consumers illegal.”

Read post

February

6
2024
Industry News

Republican lawmakers ask CFPB to reopen comment period on proposal to supervise nonbank providers of digital wallets and payment apps

Patrick McHenry, the Republican Chair of the House Financial Services Committee, and two other Republican Committee members have sent a letter to Director Chopra regarding the CFPB’s proposed rule to supervise nonbank companies that qualify as larger participants in a market for “general-use digital consumer payment applications.”

Read post

February

6
2024
Trends

Some Americans have become saddled with credit card debt as rent and everyday prices remain high

NEW YORK (AP) — While the U.S. economy is broadly healthy, pockets of Americans have run through their savings and run up their credit card balances after battling inflation for more than two years.

Read post

February

5
2024
Compliance

Daily Decision Recap: Debt Purchasers, Letter Vendor Claims, and More

Each week, ACA International’s compliance team covers relevant case summaries for ACA members. Here’s a rundown of recent top FCRA, TCPA and FDCPA case

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.