Credit and Collection News

May 30, 2026

Fintech Startups To Watch: 5 Indian Fintech Startups That Caught Our Eye In May

Based on Inc42's May 2026 "Fintech Startups To Watch" series, five innovative Indian fintech startups have emerged as leaders in reshaping India's financial infrastructure across remittances, healthcare financing, investment technology, secured lending, and banking infrastructure. Frex | Cross-Border Remittance Platform ...

June 1, 2026

Can overtime pay be garnished by a debt collector?

A garnishment order can have a big impact on your paycheck, but can it eat into your overtime earnings, too? In today's economic landscape, overtime has become an important financial tool for millions of Americans. After all, inflation isn't just ...

June 1, 2026

CFPB Reshuffles Senior Officials In Prelude To Vought’s Exit

The Consumer Financial Protection Bureau is preparing for acting Director Russell Vought’s expected departure later this year by promoting one of his closest aides to be the agency’s second-in-command. CFPB Chief Legal Officer Mark Paoletta was tapped as the agency’s ...

May 31, 2026

More Monthly Auto Loan Payments Are Above $1,000, And Most Are Not For Luxury Models

Record-high monthly auto payments over 1,000 dollars are becoming common, and roughly three‑quarters of those loans are on mainstream, non‑luxury vehicles rather than high‑end models. What the new data shows Experian Automotive data cited in a recent CNBC segment indicates ...

May 27, 2026

Retail Banks Expand Financial Advice But Struggle To Drive Sustained Customer Engagement

Bank of America, Capital One and American Express Each Rank Highest in Respective Segment 47% of customers recall receiving advice from their bank, but long-term engagement remains inconsistent Fewer than one in six bank customers are aware that new financial ...

May 31, 2026

Americans Fall Behind On $1.25 Trillion In Credit Card Debt, Signaling Rising Risk For Issuers And Collectors

U.S. consumers are showing growing signs of financial strain as credit card balances climb to approximately $1.25 trillion, with delinquency rates rising across multiple borrower segments. The trend is prompting concern among lenders, regulators, and debt collection professionals as early-stage ...

May 28, 2026

Florida Court Finds Text And Hyperlink Validation Notice Comply With FDCPA

A Florida court held that a debt collector can satisfy the FDCPA’s validation-notice requirements by sending the notice in a text message and using a hyperlink to deliver the full disclosure, so long as the consumer gets the required information ...

May 31, 2026

The ‘New CFPB’ Era: Back To Basics Without Backsliding On Compliance

For years, compliance teams at financial institutions have operated in a world defined by a steady cadence of new rules, expanded supervision, and an increasingly active enforcement environment. The landscape is changing fast. But the regulations themselves haven't changed. The ...

Financial Concept about Commercial Mortgage-Backed Securities CMBS with ...

June 2, 2026

CMBS delinquency rates jump in first quarter

CMBS Delinquency Rates Climb in First Quarter Amid Mounting Commercial Real Estate Pressure Commercial mortgage-backed securities (CMBS) delinquency rates rose notably in the first quarter of 2026, signaling renewed stress across key segments of the commercial real estate (CRE) market ...

May 30, 2026

Got a parking ticket in San Diego? City must pay more than $16M to drivers hit with late penalties

San Diego is facing a $16.5 million payout after a judge found it added late-payment penalties to parking citations without giving people proper notice of the penalties or enough time to pay the original ticket. A court ruling this month ordered ...