Late invoice payments are forcing thousands of small firms to close, and to new UK moves to clamp down on the problem. What the phrase refers to Business groups and commentators have long described late payments as “strangling” small firms, ...

AI is transforming debt collection by making outreach more targeted, automating routine work, and improving both recovery rates and customer experience. The biggest shift is from broad, manual contact strategies to data-driven, personalized, and largely digital collection workflows. Main changes ...

Ex-CFPB Director Rohit Chopra to Lead New California Consumer Agency Former Consumer Financial Protection Bureau Director Rohit Chopra is returning to the frontlines of consumer protection — this time at the state level. California Governor Gavin Newsom announced on May ...

Credit card delinquency and charge‑off rates have come off their recent peaks, but they are still elevated versus the pre‑pandemic period and remain a focus area for banks and regulators. Where the metrics stand Federal Reserve data show the overall ...

The Federal Communications Commission (FCC) has approved Verizon's $1 billion acquisition of spectrum from Array Digital Infrastructure. As part of the acquisition, Verizon is set to pick up AWS-3, AWS-1, and PCS licenses from Array, formerly UScellular, covering around eight ...

A coalition of 24 states and Washington, D.C., filed a lawsuit challenging a Department of Education rule that excludes several health care graduate programs from higher federal borrowing limits. A coalition of Democratic state attorneys general filed a federal lawsuit ...

All founders know an invoice is just a piece of paper until the money actually hits your bank account, and late payments remain a growth killer for UK entrepreneurs. That’s why last week’s King’s Speech was such a landmark moment. The ...

SACRAMENTO – In an ongoing effort to protect California consumers, the Department of Financial Protection and Innovation (DFPI) has announced that Anh Management, LLC, known as Hermes Bitcoin, must cease operating all of its digital financial asset kiosks (a/k/a ‘Bitcoin ...

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Mark Burgess jokes that areas of Alaska lacking financial service providers aren’t banking deserts; they’re “banking tundras.” Burgess, ...