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.

May

17
2024
Industry News

PenFed Credit Union Highlights Continued Success and Incredible Value Provided to Members During 2024 Annual Meeting

TYSONS, Va., May 16, 2024 /PRNewswire/ -- PenFed Credit Union, the nation's second-largest federal credit union, highlighted its continued success in further increasing deposits, liquidity and capital in 2023 and the incredible value PenFed provides to the community at its 2024 annual meeting.

Read post

May

17
2024
Industry News

Alliant Credit Union Launches SBL Edge: A Small Balance Commercial Real Estate Lending Platform

CHICAGO, May 16, 2024 /PRNewswire/ -- Alliant Credit Union, one of the largest credit unions in the nation, announces the launch of SBL Edge, a lending platform designed for small balance commercial real estate borrowers in the multifamily, manufactured housing and self-storage sectors.

Read post

May

17
2024
Industry News

FTC Chair Testifies Before House Subcommittee to Discuss Ongoing Work

On May 15, 2024, the Federal Trade Commission Chair Lina M. Khan appeared before the House Appropriations Subcommittee on Financial Services and General Governmentto discuss the agency’s FY 2025 budget request and ongoing work to promote open, competitive markets and protect American consumers and businesses from fraud.

Read post

May

16
2024
Industry News

Connecticut Joins States Prohibiting Medical Debt Credit Reporting

The new law outlines credit reporting changes, including in health care providers’ contracts with debt collectors, effective July 1.

Read post

May

16
2024
Industry News

FTC Final Rule Officially Broadens Health Breach Notification Rule, Targets Health and Wellness Apps

On April 26, 2024, the Federal Trade Commission (FTC) announced a Final Rule that amends the Health Breach Notification Rule (HBNR or Rule) to significantly broaden the FTC’s enforcement power in the area of digital health. Under the Final Rule, many developers of everyday health and wellness apps (Developers) will now constitute “health care providers” subject to the HBNR.

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.