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.

September

25
2024
Industry News

OCC Reports Second Quarter 2024 Bank Trading Revenue

The Office of the Comptroller of the Currency (OCC) reported cumulative trading revenue of U.S. commercial banks and savings associations of $15.8 billion in the second quarter of 2024. The second quarter trading revenue was $218 million, or 1.4 percent, more than in the previous quarter and $2.2 billion, or 16.0 percent, more than a year earlier.

Read post

September

25
2024
Industry News

FTC Takes Action Against Invitation Homes for Deceiving Renters, Charging Junk Fees, Withholding Security Deposits, and Employing Unfair Eviction Practices

The Federal Trade Commission is taking action against Invitation Homes, the country’s largest landlord of single-family homes, for an array of unlawful actions against consumers, including deceiving renters about lease costs, charging undisclosed junk fees, failing to inspect homes before residents moved in, and unfairly withholding tenants’ security deposits when they moved out.

Read post

September

24
2024
Compliance

California Regulator Cautions Businesses Against the Use of Dark Patterns

On September 4, the California Privacy Protection Agency (“CPPA”) issued an Enforcement Advisory cautioning businesses against the use of “dark patterns” in their consumer-facing user interfaces. The California Consumer Privacy Act (“CCPA”) defines the term “dark pattern” as “a user interface designed or manipulated with the substantial effect of subverting or impairing user autonomy, decision making, or choice” when asserting their privacy rights or consenting.

Read post

September

24
2024
Industry News

One-third of the US population’s background info is now public

MC2 Data and similar companies run public records and background check services. These services gather, compile, and analyze data from a wide range of public sources, including criminal records, employment history, family data, and contact details.

Read post

September

24
2024
Compliance

Colorado AG Proposes Draft Amendments to the Colorado Privacy Act Rules

On September 13, 2024, the Colorado Attorney General’s (AG) Office published proposed draft amendments to the Colorado Privacy Act (CPA) Rules. The proposals include new requirements related to biometric collection and use (applicable to all companies and employers that collect biometrics of Colorado residents) and children’s privacy. They also introduce methods by which businesses could seek regulatory guidance from the Colorado AG.

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.