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

21
2023
Trends

Low inventory, mortgage rates contribute to struggling NY housing market

ALBANY, N.Y., March 21, 2023 (GLOBE NEWSWIRE) -- With a continued lack of inventory and Interest rates starting to rise once again, closed sales dropped to their lowest point in nearly a decade, according to the housing report released today by the New York State Association of REALTORS®.

Read post

March

21
2023
Industry News

Roundup of FTC Consumer Protection Matters of Interest to Digital Advertisers: March 2023

In March 2023, the Federal Trade Commission announced a number of consumer protection actions involving data privacy, COVID health claims, a robocall debt relief pitch scheme, and alleged harmful noncompete restrictions.

Read post

March

21
2023
Industry News

CFPB Enhances Tool to Promote Competition and Comparison Shopping in Credit Card Market

WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) launched an improved survey of credit card issuers that can help consumers and families compare interest rates and other features when shopping for a new credit card. Americans pay $120 billion in credit card interest and fees each year, which contributes to the almost trillion dollars in nationwide household credit card debt.

Read post

March

20
2023

March

20
2023
Industry News

6th Circuit Holds Separate FDCPA Violation Within Statute of Limitations Is Not a Continuing Violation

Recently, a three judge panel for the U.S. Court of Appeals for the Sixth Circuit held that because one claim brought under the Federal Debt Collection Practices Act (FDCPA) occurred within the one-year statute of limitations, the suit was not time-barred.  The Sixth Circuit’s decision reversed and remanded the district court’s dismissal of the complaint.

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.