Independent mortgage banks have become a cornerstone of the American housing finance system. They originate a majority of new mortgages, service a growing portion of federally backed loans, and provide credit access in communities that might otherwise be underserved. Yet ...

A federal court has rejected an FDCPA challenge to a collector’s installment-plan letter after finding that the consumer alleged no concrete injury from the purportedly misleading offer. The ruling reinforces a consequential post-Spokeo and post-TransUnion principle: an alleged defect in ...

The Federal Trade Commission is distributing more than $23.8 million to 640,038 Grubhub drivers and diners as consumer redress stemming from allegations that the food-delivery platform misled workers and consumers. The payments mark the consumer-remediation phase of the FTC’s 2024 ...

EAST LANSING, Mich., Aug. 19, 2026 -- Reseda Group, a wholly owned credit union service organization of MSU Federal Credit Union (MSUFCU), today announced it is investing in Goodbuy, a groundbreaking community commerce platform to connect credit union members with ...

By Credit and Collection News Staff Western Union’s proposed acquisition of International Money Express Inc. (Intermex) has encountered a new California regulatory delay, even as the transaction won approval in New York. The California Department of Financial Protection and Innovation ...

Non-bank lenders now account for 10.7% of the value of new home lending, up from 4.8% when the ABS series began in September 2019. Their market share has risen steadily since mid-2023. The growth occurred even as the broader mortgage ...

A disabled Navy veteran is suing her homeowners' association (HOA) over alleged improper fees and unreasonable debt collection. HOAs comprise a group of residents elected to a board which creates community rules, maintains common areas and collects funds to do ...

Rising card balances are likely to create more collection inventory—but not necessarily easier recoveries. For agencies, attorneys, debt buyers and creditor recovery teams, the central challenge is turning higher placement volume into sustainable, compliant liquidation when many consumers have limited ...

Credit card delinquencies edged higher in July, but net charge-off rates continued to fall—an unusual combination that suggests consumer credit performance is still improving overall, even as some borrowers show renewed payment stress. A July review of major card issuers ...