Credit and Collection News

May 31, 2026

CFPB’s Return-To-Office Plan Sets Stage for Resignations

The Consumer Financial Protection Bureau’s (CFPB) newly announced return-to-office (RTO) mandate is triggering mounting concern across Washington and the financial services industry, as early indicators suggest the policy could prompt a significant wave of employee resignations—potentially reshaping the Bureau’s supervisory, ...

May 27, 2026

Pope Leo’s Powerful Call To Center Humanity In The AI Conversation

Pope Leo XIV’s new encyclical, Magnifica Humanitas, arrives at a moment of profound uncertainty about the future of human work and human purpose. The document is formally rooted in Catholic social teaching, but its central questions belong to everyone: What ...

Colorado Supreme Court set to hear appeal over legal services being ...

June 1, 2026

Colorado Supreme Court Finds Affidavits Can’t Cure Defective Debt Assignment

Colorado’s Supreme Court has held that debt buyers cannot rely on affidavits to cure missing assignment documentation required by the Colorado Fair Debt Collection Practices Act (CFDCPA), reversing a judgment in favor of Portfolio Recovery Associates (PRA) and remanding for ...

May 27, 2026

Defaults creep higher in leveraged credit markets

Credit markets are navigating one of their most challenging environments in years, with default rates climbing across both public and private debt. The consequences could extend beyond individual borrowers as a result of the relationships between lenders, investors, insurers, and ...

The Houses of Parliament, London, England, UK Stock Photo - Alamy

May 26, 2026

New laws to crackdown on late payments to small businesses

Ministers have introduced new laws giving stronger powers to investigate and fine firms that persistently fail to pay smaller suppliers on time, with potential penalties worth tens of millions. The Small Business Protections Bill proposes a new 60-day cap on ...

May 27, 2026

The Future of TCPA Risk Is Here

TCPA risk seems to be dropping everywhere you look. The Supreme Court recently limited the TCPA’s ATDS defintion. The Fifth Circuit recently held express written consent is not needed for marketing calls. The Seventh Circuit seems ready to hold SMS ...

May 27, 2026

Sleepy Dog Books given $20,000 grant from American Express

Local independent bookstore Sleepy Dog Books was selected as a recipient of an Amex Shop Small Grant from American Express and Main Street America. The grant provides Sleepy Dog Books with $20,000 in funding to expand bookstore operations and amplify ...

Here's a new corporate card startup, backed by $157M in equity, debt ...

May 26, 2026

Another fintech startup files for bankruptcy and shuts down

A well-funded fintech startup called Parker has filed for bankruptcy and effectively shut down its operations, marking another high-profile failure in the sector. What just happened Parker, which offered corporate credit cards and banking services for e‑commerce businesses, filed for ...

May 27, 2026

Fintech platform Skyro more than doubles loan disbursements in the Philippines in 2025

Skyro, a consumer lending-focused fintech in the Philippines, more than doubled its loan disbursements in 2025, reflecting rapid scale-up in point-of-sale and cash lending to underserved retail borrowers. Key 2025 growth metrics Skyro’s total loan disbursements in 2025 exceeded twice ...

May 28, 2026

Florida Court Finds Text And Hyperlink Validation Notice Comply With FDCPA

A Florida court held that a debt collector can satisfy the FDCPA’s validation-notice requirements by sending the notice in a text message and using a hyperlink to deliver the full disclosure, so long as the consumer gets the required information ...