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

31
2023
Industry News

CFPB to distribute more than $4.7 million to consumers impacted by nationwide student financial aid scam

If you were one of the over 78,000 people who paid College Financial Advisory or Student Financial Resource Center for information on how to pay for college, or to apply for financial aid services, you may receive a check in the mail. Payments will be sent on March 31, 2023, through Epiq Systems.

Read post

March

30
2023
Trends

Mortgage Interest Rates Today for March 30, 2023: Rates Tick Up

This week, a few notable mortgage rates moved up. See how the Fed's interest rate hikes could affect your mortgage payments.

Read post

March

30
2023
Strategy

Privacy and Central Bank Digital Currency

With global interest and the growing exploration of Central Bank Digital Currencies by central banks, privacy has become a crucial aspect to consider. A new paper by the Digital Euro Association (DEA) working group of global experts takes a look at the topic of privacy and CBDCs. The paper examines the importance of privacy and how it impacts the successful adoption, usage, and implementation of digital currencies. Many consumers are worried that the adoption of CBDCs will open the door to government tracking and surveillance of their personal details and behaviors.

Read post

March

30
2023
Trends

The American shopper just officially had their weakest quarter of spending since the pandemic hit

The U.S. economy maintained its resilience from October through December despite rising interest rates, growing at a 2.6% annual pace, the government said Thursday in a slight downgrade from its previous estimate. But consumer spending, which drives most of the economy’s growth, was revised sharply down.

Read post

March

30
2023
Industry News

Iowa becomes sixth US state to enact comprehensive consumer privacy legislation

The U.S. state of Iowa is no stranger to privacy bills. Since its first attempt in 2020, the state's legislature has repeatedly proposed and considered comprehensive consumer data privacy legislation. But 2023 is the year privacy took root in Iowa. On 29 March, Iowa became the sixth state to pass a comprehensive privacy law, joining Connecticut, Utah, Virginia, Colorado and California.

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.