Student loan delinquencies and defaults are rising sharply, and the federal government is restarting aggressive collection tactics, including garnishing wages, tax refunds, and some benefits from borrowers in default. ​ What is happening now Serious student loan delinquency (90+ days ...

Blaze Credit Union in Minnesota experienced a vendor-related data breach affecting about 235,000 member accounts after hackers accessed data held by a third‑party marketing firm, Marquis Software Solutions. Exposed information includes highly sensitive personal data such as names, addresses, dates ...

Bank of America CEO Brian Moynihan’s “unexpected” view is that the U.S. economy looks fundamentally solid going into 2026, despite all the worry about tariffs, recession risks, and the Federal Reserve.​ What Moynihan is saying He argues the tariff shock ...

Piedmont Advantage Credit Union has promoted Jeanette Stark to the role of Executive Vice President (EVP).​ Who was appointed The new EVP is Jeanette Stark.​ She has also been serving as Chief Legal Officer and General Counsel for Piedmont Advantage ...

The phrase is the headline of a new Politico story about President Donald Trump’s push to effectively dismantle the Consumer Financial Protection Bureau (CFPB) and why many community banks say that move could actually hurt them competitively.​ What the article ...

Saks Global, the parent of Saks Fifth Avenue and Neiman Marcus, has missed an interest payment of more than $100 million on its bonds and is in active talks with creditors about a restructuring that could lead to a Chapter ...

For many financial institutions, particularly small banks and credit unions, collaborating with FinTechs has become one of the most effective ways to modernize products, improve customer experiences and remain competitive without rebuilding core systems from the ground up. At the ...

The 1% tax on remittances sent from the United States will take effect on January 1, 2026. The measure is part of President Donald Trump’s One Big Beautiful Bill Act and will apply to anyone who sends money abroad, including ...

AI is already becoming the core infrastructure of modern debt collection, but the future will be hybrid: AI will handle most routine work while humans focus on complex, sensitive cases. Agencies that do not adopt AI are likely to fall ...