Credit and Collection News

May 21, 2026

How AI is becoming the operating backbone of India’s fintech industry

AI is rapidly evolving from an experimental tool into the foundational infrastructure of India's fintech sector, embedding itself across critical operational functions including underwriting, fraud detection, KYC verification, compliance monitoring, and customer support. Industry executives report that AI has shifted ...

May 20, 2026

Where Does The CFPB Go From Here?

Jason Brown and David Silberman In 2010, as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Congress created the Consumer Financial Protection Bureau (CFPB). Drawing upon a proposal that then-Professor Elizabeth Warren had put forward several years ...

May 20, 2026

Credit Card Delinquencies Skyrocket As Consumers Feel Financial Strain

Credit card delinquencies really have surged over the last few years, and they’re now around or above post‑GFC territory in several data series, which is a clear signal of mounting consumer financial strain. What’s actually happening in the data Federal ...

May 22, 2026

Fintech firm that raised $200 million files for Chapter 7

The fintech firm is Parker, a Y Combinator–backed corporate card and banking startup that abruptly filed for Chapter 7 liquidation after raising more than $200 million. Who is the company? The firm is Parker, a fintech that provided corporate credit ...

May 19, 2026

Buy Now, Pay Later Loans Pile Up To $70 Billion

BNPL volume hitting about 70 billion dollars refers to the yearly flow of “pay‑in‑4” style loans, not a stock of outstanding debt, but it still signals that BNPL has become a meaningful parallel credit system with growing consumer‑protection and regulatory ...

May 19, 2026

Loan Delinquencies Rise Among Koreans in Their 20s and 30s

News1 Bank loan delinquency rates among Koreans in their 20s and 30s are rising as volatility in the domestic stock market expands. The market suspects a growing number of borrowers either took out excessive credit loans to invest in stocks ...

May 19, 2026

PRA Group debt buyer in focus after latest results and strategic update

PRA Group Inc remains in the spotlight after recent quarterly figures and a strategic update on its debt purchasing pipeline and cost structure. The specialty finance stock draws attention as investors assess collections trends and portfolio pricing in a higher?rate ...

May 19, 2026

New study shows 95% of insured Americans worry about medical bills

INDIANAPOLIS— A new survey shows 95% of insured Americans still worry about hospital bills. The analysis by JG Wentworth also found $4,354 is the average breaking point for most people, meaning that’s the moment where a medical bill would create ...

May 22, 2026

NJ Judge Blocks Attempt to Paint Verification Texts as TCPA Violations

A New Jersey federal judge held that bare verification-code text messages are not “advertisements” or “telephone solicitations” under the TCPA and dismissed the plaintiff’s claims with prejudice, while also ordering him to show cause why he should not be sanctioned ...

May 18, 2026

DFPI Shuts Down Crypto Kiosk Operator For Cheating Consumers And Violating State Laws

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 ...