Understanding and complying with debt collection laws like FDCPA, Reg F, TCPA, and CFPB regulations is essential for protecting both consumers and your business. Learn what every business should know about compliance—and the risks of getting it wrong.
The debt collection industry is undergoing rapid changes, driven by new regulations, technology, and consumer expectations. In this blog, we explore key trends shaping the future of collections, including increased regulatory scrutiny, the rise of digital collection tools, consumer-centric strategies, data-driven decision-making, and a focus on mental health and financial wellness. At Credit Counsel, Inc., we stay ahead of these trends to ensure ethical, compliant, and effective collection practices that benefit both our clients and consumers. Stay informed and discover how we adapt to the evolving landscape.