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

19
2023
Industry News

ACA Joins Coalition Supporting Workforce Development Legislation

ACA International joined the Tomorrow’s Workforce Coalition along with 600 other associations, nonprofits and businesses to help pass beneficial, bipartisan workforce development legislation: The Freedom to Invest in Tomorrow’s Workforce Act (PDF) (S. 722 / H.R. 1477).

Read post

September

18
2023
Industry News

Attorney General James Scores Major Victory for Small Businesses Harmed by Predatory Lender

New York – New York Attorney General Letitia James secured a major court victory against three merchant cash advance companies, Richmond Capital Group, Ram Capital Funding, and Viceroy Capital Funding (the Richmond companies) and their principals, Jonathan Braun, Tzvi Reich, Robert Giardina, and Michelle Gregg, for harming small businesses through high-interest loans and undisclosed fees.

Read post

September

18
2023
Industry News

9th Circuit Explains What Sort of Litigation Actions by Debt Collector Can Trigger New FDCPA Statute of Limitations Period

The Ninth Circuit issued an Opinion reversing dismissal of a borrower’s Fair Debt Collection Practices Act (FDCPA) claim as time-barred by the FDCPA’s one-year statute of limitations where actions by the debt collector in underlying collections lawsuits triggered a new limitations period.

Read post

September

18
2023
Industry News

Western Union Remission Fund Distributes Approximately $40M to Victims in the United States and Abroad

The Justice Department today announced that the Western Union Remission Fund began a distribution of approximately $40 million in funds forfeited to the United States from the Western Union Company (Western Union) to approximately 25,000 victims located in the United States and abroad. These victims stand to recover the full amount of their losses.

Read post

September

18
2023
Trends

States with the highest credit card debt

Californians are racking up the most credit card debt, according to recent data from personal finance website WalletHub. Currently, consumers across the nation hold $1 trillion in credit card debt.

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.