Credit and Collection News

February 4, 2026

CFPB Announces New Regulatory Approach For Entity Oversight

The Consumer Financial Protection Bureau (CFPB) has shifted its entity oversight toward a narrower, more risk‑focused and resource‑constrained model built around a new “humility” framing and reduced examination footprint. What changed in CFPB oversight The CFPB is resuming supervision and ...

January 29, 2026

An Ohio lawmaker wants to cap late fees and expand payment deadlines for parking tickets

CLEVELAND — An Ohio lawmaker has introduced legislation that would extend the deadline to pay parking tickets and limit late fees. OH Rep. Darnell Brewer (D-Cleveland) says H.B. 653 would give drivers 30 days to pay parking tickets and cap ...

January 31, 2026

Wells Fargo to pay CEO Scharf $40M for 2025

Two years ago, Charlie Scharf held himself out of the echelon of CEOs making $30 million a year. Now he’s in the $40 million club. Wells Fargo’s board approved $40 million in compensation for Scharf in 2025, the bank said ...

February 1, 2026

High-End Debt Collector Services Chosen as a Shortcut in Indonesia

JAKARTA, KOMPAS — An investigation by Kompas Daily found that high-profile debt collection is not a rogue activity. This practice is carried out through careful planning, digital research, field security, and anticipation of criminal risks. Pressure is orchestrated to remain ...

January 29, 2026

Amex to update Centurion Lounge access rules

Airport lounge access has become increasingly competitive, and American Express is the latest issuer to announce changes. According to information shared with TPG, the issuer will change its Centurion Lounge access rules beginning July 8. Amex says the updates are ...

California's DFPI imposes a desist and refrain order on Celsius Network - TheCoinrise.com

February 1, 2026

California Continues To Expand DFPI Enforcement Laws Against Financial Institutions

California’s new SB 825 is a 2025–2026 law that took effect January 1, 2026 and expands state enforcement powers to protect consumers from unfair, deceptive, or abusive financial practices. What SB 825 Does SB 825 amends the California Consumer Financial ...

February 2, 2026

Florida Leads The Country In Home Foreclosures

Florida did have the highest home foreclosure rate in the U.S. in 2025, so the statement is currently accurate for the most recent full year of data. What “leads the country” means In 2025, about 0.44% of Florida residential properties ...

February 2, 2026

FICO Educational Analytics Challenge Program Continues its Third Year, Empowering Students with Hands-On Experience Building Responsible AI Models

FICO has announced that its FICO Educational Analytics Challenge is continuing into Spring 2026, marking the program’s third year and expanding hands-on training in responsible AI for students at Historically Black Colleges and Universities (HBCUs). Program overview The Challenge is ...

January 29, 2026

CFPB Ends Key Mortgage Alert Service For Banks

Banks face reduced visibility over key mortgage-lending compliance data after the US Consumer Financial Protection Bureau discontinued its Home Mortgage Disclosure Act email alert service. The move means lenders will no longer receive routine notifications about changes to the HMDA ...

February 2, 2026

The Regulatory Overhang on Fannie Mae’s Future

For investors in Fannie Mae, the primary investment thesis continues to hinge on a single, unresolved issue: the ultimate resolution of its government conservatorship and the long-term corporate structure that will emerge. The company's prospects are dictated less by quarterly ...