Credit and Collection News

March 26, 2026

FCC Pushes New Rules To Crack Down On Robocallers, Foreign Call Centers

The Federal Communications Commission is moving to crack down on illegal robocalls and the use of foreign call centers. At a meeting Thursday, the three-member commission unanimously approved a new proposed regulation to increase certification and disclosure requirements for obtaining ...

March 26, 2026

Visa, Mastercard, PayPal Receive FTC Warning Letters Over Alleged Account Restrictions

Visa, Mastercard, and PayPal (along with Stripe) have been warned by the FTC that “debanking” customers—cutting off or restricting accounts—based on political or religious views, or in ways inconsistent with their own terms and customers’ reasonable expectations, may violate the ...

March 23, 2026

Intuit beats FTC in court, ending restrictions on “free” TurboTax ads

The 5th Circuit said the FTC’s deceptive advertising claims are “traditional actions at law and equity and thus involve private rights that demand adjudication in an Article III court.” The court rejected the FTC’s argument that the claims involve public ...

March 29, 2026

FTC targets ads for unavailable vehicles

The FTC has warned 97 auto dealership groups that advertising vehicles that are not actually available (or not available at the advertised terms) is a deceptive “bait‑and‑switch” practice that can violate Section 5 of the FTC Act and the CARS ...

March 26, 2026

Mortgage giant Fannie Mae to accept crypto as collateral for home loans

Digital assets are making their way into the US housing market as mortgage giant Fannie Mae prepares to accept Bitcoin and other crypto holdings as part of down payments, The Wall Street Journal reported Thursday. The move allows crypto holders ...

March 24, 2026

Fair Isaac sees average American credit profile shrink as prime scores reach record highs

Fair Isaac is flagging a bifurcated, “K‑shaped” credit landscape: the broad middle of U.S. consumers with merely average credit is shrinking, while a record share of borrowers now sit in the prime and super‑prime tiers even as the overall average ...

March 26, 2026

There’s a New Sheriff in Town — Texas as Privacy Regulator

For many years, the privacy community took the position that the state of California was the leading data privacy regulator. The state of New York, with its active cyber enforcement by the New York Department of Financial Services, was a ...

March 26, 2026

FTC Says Consumers Lost $15.9bn To Fraud In 2025

The figure comes from new FTC Consumer Sentinel data showing that reported fraud losses reached $15.9 billion in 2025, up sharply from $12.5 billion in 2024 and continuing a steep multi‑year rise in scam losses. What the $15.9bn number represents ...

March 24, 2026

Judicial Ruling Reinforces CFPB’s Statutory Funding Structure

A federal judge in California has blocked the administration’s attempt to halt CFPB funding, ruling that the bureau’s budget requests to the Federal Reserve must proceed. A federal judge in the Northern District of California has ruled that the Consumer ...

March 23, 2026

Compass seeks to dismiss TCPA lawsuit over agent calls

Compass is seeking to dismiss a Telephone Consumer Protection Act (TCPA) lawsuit filed against it last June by plaintiff Jessica Murch. Filed in U.S. District Court in Portland, Ore., the lawsuit claims that Murch received at least four calls beginning ...