Credit and Collection News

June 4, 2026

Northeast Community Federal Credit Union Partners with Prelim to Modernize Member Account Opening and Drive Community Impact

SAN FRANCISCO, June 04, 2026--(BUSINESS WIRE)--Prelim, a Silicon Valley-based fintech leader renowned for its award-winning omni-channel onboarding solutions, has announced a strategic partnership with Northeast Community Federal Credit Union (NECFCU), a U.S. Treasury-certified Community Development Financial Institution (CDFI) and designated ...

June 2, 2026

Earthmover Credit Union adds National Louis University dean to board

Jamal Scott recently joined the Earthmover Credit Union Board of Directors. Scott is currently the vice president of Undergraduate Education and dean of the Undergraduate College at National Louis University. “Dr. Jamal Scott is an accomplished professional, and our membership ...

June 3, 2026

USC agreed to $2 million settlement over late fees

USC agreed to a $2 million settlement in a class-action civil case over the legality of certain late fees charged to students, according to a notice from the settlement agreement in March 2026. Students enrolled any time between July 14, ...

An illustrative flowchart showing the 2026 housing crisis, featuring a graph of rising foreclosures, stressed homeowners, and icons representing soaring costs for taxes, insurance, and utilities.

May 30, 2026

Home Foreclosures Skyrocketed 26% in Q1 — But It’s Not Why You Think

For years, the American housing market has operated on a simple assumption: if mortgage rates eventually fall, affordability problems will ease and homeowners will regain their footing. That logic helped fuel optimism throughout 2025 as the Federal Reserve signaled rate ...

June 2, 2026

118-year-old transportation company files for bankruptcy

Belgian logistics and transport group Ziegler, a 118‑year‑old company employing more than 3,200 people across 16 countries, has filed for bankruptcy protection in Brussels, underscoring the mounting pressure on legacy transportation providers from debt, high fuel costs and a volatile ...

visa mastercard settlement, credit card decline

May 31, 2026

Credit Card Delinquencies Are Mounting: A Warning For 2027 Losses

June 30 is a pivotal day in the credit card industry. Delinquency risk is locked for the current year, and issuers must scramble to reduce credit losses by working out payment arrangements. If the account is in delinquent status as ...

May 31, 2026

Mom Got Her Hospital Bills Lowered By $3,000 With A Simple Sentence She Learned From A Debt Collector

In America, hospital bills strike terror into the hearts of most of us and often ruin people's lives and futures. So it seems ridiculous to think that the process of creating medical bills is so absurdly arbitrary that a single sentence ...

June 3, 2026

CFPB Meets With Bilt Following Credit Card Switchover Issues

The concerns stem from the FinTech’s transition from Wells Fargo to a new banking partner earlier this year, per the release. “CFPB officials met with Bilt to understand the issues caused by the transition and what steps Bilt has taken ...

June 3, 2026

Fintech Revenues Hit Record $504B In 2025

Fintech revenues surged to a record $504$504 billion globally in 2025, marking a significant milestone for a sector that continues to reshape consumer finance, credit access, and collections strategies. Global fintech revenues reached an all-time high of $504$504 billion in ...

June 2, 2026

Private Credit in Focus: Cross‑Industry Signals Across Rates, Regulation and Sector Risk

Private credit markets are entering a more complex phase in 2026, shaped by persistent interest rate pressure, heightened regulatory attention, and emerging sector-specific stress signals. Once viewed as a resilient alternative to traditional bank lending, private credit is now facing ...