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.

November

3
2022
Strategy

Cryptocurrency and Bankruptcy –The Unknown Frontier

Currencies have evolved since the introduction of global blockchain technology twenty years ago. Blockchain is a complex technology that powers the creation of cryptocurrencies like Bitcoin and facilitates other digital distributed ledger transactions. With more people investing in crypto assets now more than ever before, the global digital currency market is likely to grow over the next decade.

Read post

November

3
2022
Trends

ARM Industry Claims Plummeted in September

WebRecon’s latest report shows litigation plummeted across the board in September in Telephone Consumer Protection Act, Fair Debt Collection Practices Act and Fair Credit Reporting Act cases. FDCPA suits decreased 18% from August to September, TCPA suits decreased 20.2%, FCRA cases decreased 6.4%, and consumer complaints to the CFPB decreased 11.1%, according to WebRecon.

Read post

November

3
2022
Industry News

NCUA’s Hood: Addressing Inequality is An Urgent Priority

HERNDON, Va. (Nov. 3, 2022) – National Credit Union Administration Board Member Rodney E. Hood said today that as federally insured credit unions embrace diversity and inclusion, they should go further and bridge society’s divides to better serve their members and communities and foster greater financial inclusion.

Read post

November

3
2022
Industry News

FTC Action Against Vonage Results in $100 Million to Customers Trapped by Illegal Dark Patterns and Junk Fees When Trying to Cancel Service

The Federal Trade Commission has stopped internet phone service provider Vonage from imposing junk fees and creating obstacles to those who try to cancel their service. The FTC alleges that the company used dark patterns to make it difficult for consumers to cancel and often continued to illegally charge them even after they spoke to an agent directly and requested cancellation.

Read post

November

2
2022
Industry News

FCC Launches Plan to Close Gaps in STIR/SHAKEN Caller ID Authentication

The Federal Communications Commission unanimously approved a notice of inquiry Thursday to identify and resolve gaps in its caller ID authentication plans.

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.