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.

June

6
2024
Industry News

NCUA Charters Fair Break Federal Credit Union

ALEXANDRIA, Va. (June 6, 2024) – The National Credit Union Administration has granted a federal charter and Share Insurance Fund coverage to Fair Break Federal Credit Union in Memphis, Tenn. Fair Break Federal Credit Union is the second federal credit union to receive a charter under the NCUA’s provisional charter pilot initiative.

Read post

June

5
2024
Compliance

Your Medicare number is valuable. Protect it

Scammers spend their days pretending to be someone they aren’t, like government agents or medical staff, to con us out of information and money

Read post

June

5
2024
Compliance

Utah, Colorado Pave Way for AI-Specific State Laws – Is Your Company Ready for the Impending Regulation Wave?

The regulation of artificial intelligence (AI) has drawn significant interest from policymakers in the US, particularly at the state level. There has been a recent slew of legislative activity with respect to comprehensive AI bills across various states. We expect to see this new wave of comprehensive AI regulation at the state level continue to increase over the coming months. Early state AI laws have the potential to exert an outsized influence on the trajectory of AI regulation in the US.

Read post

June

5
2024
Compliance

CA SB 478 - Frequently Asked Questions

Beginning July 1, 2024, the “Honest Pricing Law” or “Hidden Fees Statute,” SB 478, makes it illegal for businesses to advertise or list a price for a good or service that does not include all required fees or charges other than certain government taxes and shipping costs. SB 478 is a price transparency bill. The statute does not change what price a business can charge or what may be included in that cost. The law simply requires that the price listed include all mandatory charges.

Read post

June

5
2024
Industry News

Debt Collector Data Breach Exposes Data on 3 Million+ Americans

US debt collection company Financial Business and Consumer Solutions (FBCS) has experienced a data breach, exposing the information of more than 3.2 million Americans. In a public notice, FBCS describes the incident as "unauthorized access to certain systems in its network."

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.