Credit and Collection News

December 11, 2025

Q3 Brings Mixed Results for CRE Mortgage Delinquency Rates

Commercial mortgage delinquencies were mixed in the third quarter of 2025, according to the Mortgage Bankers Association’s (MBA) latest Commercial Delinquency Report. While CMBS saw a 23-percentage-point increase in the delinquency rate to 6.59% and delinquencies rose slightly for both ...

December 14, 2025

FTC, State AGs Crack Down On Ed Tech Company After Massive Student Data Breach

When the Federal Trade Commission announced this month it was taking action against technology company Illuminate Education over a massive 2021 data breach, it added to the list of government measures against the firm since hackers broke into its systems ...

December 10, 2025

Collection agents not paid commission by JPJ, says Loke

The transport minister says they are mostly platforms that want to make it easier for their customers to deal with the department. Transport minister Loke Siew Fook said companies that apply to be collection agents want to ensure that all ...

December 10, 2025

Trump To Sign Order Blocking State AI Regulations

Donald Trump has said he will sign an executive order this week to create a single national framework for regulating artificial intelligence that is intended to override or undermine many state-level AI rules. The order has not yet been formally ...

December 10, 2025

CFPB To Issue “Interim” Final Rule On 1033 Open Banking

The article describes how the CFPB is planning an “interim” final rule under Dodd‑Frank section 1033 to keep its open banking agenda moving while it faces a potential funding shutdown and related litigation. What the rule is The CFPB is ...

December 11, 2025

Employees and customers of California appliance chain shocked over abrupt closure and bankruptcy before holidays

Howard’s Appliance, a longtime fixture in Southern California’s home goods market, has suddenly closed all of its remaining eight stores and filed for Chapter 11 bankruptcy, leaving customers and employees reeling. “Despite our best efforts to overcome tariffs, declines in consumer ...

December 15, 2025

New RentRedi Survey Shows Landlords Worried About Missed/Late Rent Payments, While Tenants Point to the Tools That Help Them Pay On Time

NEW YORK, Dec. 15, 2025 (GLOBE NEWSWIRE) -- RentRedi, the fastest-growing property management software for smart real estate investors, today announced the results of its Rent Collection Survey, capturing insights from both landlords and tenants across the United States. For ...

December 11, 2025

Fannie Mae relocating California office to Alabama early next year

Fannie Mae is closing its San Francisco office and opening a new office in Birmingham, Alabama, with the Alabama location expected to open in early 2026 rather than this coming year. What is happening U.S. Sen. Tommy Tuberville and federal ...

Student Loan Delinquencies Surge: 2.2 Million Borrowers See Credit Scores Drop 100+ Points ...

December 10, 2025

Move To End SAVE Plan For Borrowers Comes As California Student Loan Delinquencies Durge

The federal government has reached a legal settlement that will effectively shut down the SAVE income‑driven repayment plan at the same time California is seeing a sharp jump in student loan delinquencies, with about 11% of borrowers now at least ...

December 13, 2025

BBVA And OpenAI Collaborate to Transform Global Banking

BBVA and OpenAI are expanding their collaboration with a multi-year strategic AI transformation program that will see ChatGPT Enterprise rolled out to all 120,000 global employees—a 10x increase on their current deployment. Under this new agreement, OpenAI will help advance ...