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.

September

27
2023
Industry News

Congressional Republicans Receive Banking and Credit Union Trade Association Support for Legislation to Overturn the CFPB’s Section 1071 Final Rule

This summer, Representative Roger Williams (R-Texas) and Senator John Kennedy (R-La.) introduced identical Congressional Review Act (CRA) resolutions in the U.S. House and Senate (H.J. Res. 66 and S. J. Res. 32, respectively) disapproving the Consumer Financial Protection Bureau’s (CFPB or Bureau) implementation of the small business data collection and reporting final rule under § 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Final Rule). Currently, the Senate resolution has not moved beyond introduction, but the House Financial Services Committee recently approved the House resolution to advance.

Read post

September

26
2023
Industry News

ACA’s IAF Aids Win in Washington State Supreme Court Case

What does the word “within” mean? The Washington State Supreme Court considered that very question in a recent case (PDF) interpreting the statutory text of the state’s so-called “marital bankruptcy” statute, RCW 26.16.200.

Read post

September

26
2023
Trends

WEBRECON AUG 2023 STATS: THE ROLLER COASTER

After a down June and a mixed July, lawsuits and complaints were up across the board again in August. FDCPA complaints (+15%) led the pack with FCRA (+6.5%) and TCPA (+5.3%) following. In spite of all the month-over-month increases, only TCPA (+13.2%) remains up YTD, with FDCPA (-21.4%) and FCRA (-5.8%) having some ground to recover if they are going to break even with (or surpass) 2022.

Read post

September

26
2023
Industry News

Grow Financial Federal Credit Union Selects Baker Hill NextGen® to Drive Business Loan Growth

CARMEL, Ind., Sept. 26, 2023 /PRNewswire/ -- Baker Hill, the leading financial technology provider in delivering solutions for loan origination, risk management, and analytics, has added Grow Financial Federal Credit Union as its newest client. The credit union has chosen to partner with Baker Hill to grow its business loan portfolio.

Read post

September

26
2023
Industry News

What to do if you’re billed for an SBA EIDL or PPP loan you don’t owe

Did you get a bill for a Small Business Administration Paycheck Protection Program (PPP) loan or COVID-19 Economic Injury Disaster Loan (EIDL) you never applied for? If the answer is yes, an identity thief probably used your personal information to get the loan.

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.