Colorado’s highest court has delivered a significant win for consumer protection advocates, issuing a ruling that reinforces a strict interpretation of the state’s debt collection laws and limits how collectors can pursue consumers. Colorado Justices Uphold Strict Interpretation of Consumer ...

The U.S. Department of Justice has issued subpoenas to several of the nation’s largest banks as part of a growing investigation into alleged “debanking” practices, signaling heightened federal scrutiny over how financial institutions manage customer relationships in politically and reputationally ...

America’s Credit Unions is throwing its support behind a proposed National Credit Union Administration (NCUA) rule change that would expand and modernize membership eligibility standards, a move the trade group says is critical to maintaining competitiveness and improving financial inclusion ...

Statescoop reports that the Federal Trade Commission has finalized an order against K-12 software vendor Illuminate Education, mandating improvements to its data security measures and prohibiting misrepresentation of its data privacy practices following a 2021 breach that affected over 10 ...

Logix Federal Credit Union is taking a significant step to modernize its fraud operations and investigative workflows through the implementation of Quinte Financial Technologies’ CaseHUB platform, a move that reflects broader industry efforts to enhance fraud response and operational visibility ...

South Korea’s Financial Supervisory Service has launched targeted inspections of lenders following a rise in consumer complaints about aggressive or unlawful debt collection activity. The review focuses on banks, nonbank lenders, and online finance platforms, with regulators citing a pattern ...

A recent study examining consumer bankruptcy filings has raised concerns across the credit and collections industry, revealing significant levels of misunderstanding—and in some cases, apparent misrepresentation—among filers navigating the process. The research, conducted by legal scholars and consumer finance experts, ...

Federal credit unions have secured a significant exemption from Illinois’ controversial interchange fee law, marking a notable development in the ongoing clash between financial institutions, merchants, and state regulators over payment processing costs. The exemption, clarified through recent legal and ...

Key insight: A community bank disclosed a material cybersecurity incident caused not by a hacker but by its own employee feeding customer data into an unauthorized AI tool. What's at stake: Almost every bank now has employees who could paste ...