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.

December

21
2023
Industry News

AG Nessel Re-Issues Data Breach Alert Following Comcast, Xfinity Data Breach

LANSING – Attorney General Dana Nessel is alerting Michigan consumers to a massive data breach affecting customers of Comcast/Xfinity nationwide. Nessel wants those whose information may have been compromised in the recent Comcast/Xfinity data breach to know what steps they can take to protect their data from scammers and identity thieves.

Read post

December

21
2023
Industry News

Federal Trade Commission Extends Public Comment Period on Proposed Rule Prohibiting Junk Fees for 30 Days, until February 7, 2024

On October 11, 2023, the Federal Trade Commission announced it is seeking public comments on a new proposed rule to prohibit junk fees, which are hidden and bogus fees that can harm consumers and undercut honest businesses. The FTC has estimated that these fees can cost consumers tens of billions of dollars per year in unexpected costs. The public comment period originally was set to expire on January 8, 2024.

Read post

December

20
2023
Trends

The State of CFPB Focus on Credit Reporting of Medical Debt

The COVID-19 pandemic's impact on medical debt has spurred the Consumer Financial Protection Bureau into action, particularly as it relates to the credit reporting of medical debt. Since 2020, the CFPB has received a steadily increasing number of complaints related to credit reporting.

Read post

December

20
2023
Industry News

FCC Adopts One-to-One Consent Rule to Protect Consumers from Unwanted Telemarketing Robocalls and Robotexts

MADISON, Wis. – Attorney General Josh Kaul and a coalition of Attorneys General provided input to the Federal Communications Commission which has now amended a rule governing telemarketing communications, requiring individual businesses to obtain written consent from consumers before sending robotexts and making robocalls.

Read post

December

20
2023
Industry News

Power Financial Credit Union Voted Best Credit Union in Miami-Dade

PEMBROKE PINES, Fla., Dec. 19, 2023 /PRNewswire-PRWeb/ -- Power Financial Credit Union (PFCU), one of South Florida's largest credit unions, is proud to announce it has been voted the Best Credit Union in Miami-Dade in the prestigious Miami-Dade Favorites content, presented by the Miami Herald. This recognition reflects the unwavering commitment of Power Financial Credit Union to always put the needs and goals of its members first.

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.