Credit and Collection News

April 7, 2026

Think You are Not Subject to the Gramm-Leach-Bliley Act because You are Not a Financial Institution? You May be Wrong on Both Opinions!

Key Takeaways: Data Brokers Dual Exposure — How data brokers function as service providers and when they cross into financial-institution status Telemarketing and Call Centers — Service-provider vs. financial-institution classifications for telemarketers Telecommunications Companies — Infrastructure providers vs. fintech-enabled telecoms ...

April 6, 2026

New law allows for data collection on school lunch debt

Governor Abigail Spanberger is signing a bill that would start collecting information on school meal debt. Some wealthy school divisions don't bother collecting debt from students who can’t afford breakfast or lunch. They've got the money to pay for it, ...

April 4, 2026

Buy now, pay later services increasingly used for groceries and essentials

PHOENIX (AZFamily) — As budgets tighten, more people are turning to buy now, pay later options to cover basic expenses, including groceries. According to a recent LendingTree survey, 25% of buy now, pay later users have used the microloans to ...

April 7, 2026

Data Shows 91.5 Million Americans Use Buy Now, Pay Later Apps For Everyday Purchases

SAN DIEGO (KGTV) — New data released by LendingTree shows 41 percent of "buy now, pay later" users have made at least one late payment in the past year. That is up from 34 percent previously. This comes as 91.5 ...

April 8, 2026

Japan bankruptcies top 10,000 in FY2025 due to price hikes, labor shortages

The number of corporate bankruptcies in Japan topped 10,000 in fiscal 2025 for the second straight year, as high prices and labor shortages weighed on small and medium-sized firms, a survey by a credit research company showed Wednesday. Bankruptcies involving ...

April 7, 2026

Bill That Prevents Collection Agencies From Garnishing Wages For Mainers With Medical Debt To Become Law

Gov. Janet Mills has signed a bill into law that bans liens on homes and wage garnishments for people with medical debt. The bill, signed into law on Monday, builds on an existing state law that prevents medical debt from ...

April 2, 2026

Hospitals Lost Over $48B From Claims Denials, Uncollected Bills

Hospitals are losing an exorbitant amount of revenue from final claim denials and uncollected medical bills from patients, according to a new report from Kodiak Solutions. The healthcare technology company released its inaugural “State of the healthcare revenue cycle” report ...

April 7, 2026

Major Carl’s Jr franchisee in California files for bankruptcy

This story was originally published on Restaurant Dive. To receive daily news and insights, subscribe to our free daily Restaurant Dive newsletter. A Carl’s Jr. operator, Friendly Franchisees Corporation, filed for Chapter 11 bankruptcy protections through the U.S. Bankruptcy Court ...

April 2, 2026

CFPB Floats Plan To Cut Staff In Half

The “plan to cut staff in half” refers to a new CFPB reduction‑in‑force proposal the Trump administration filed with the D.C. Circuit that would shrink the Bureau to roughly 556 employees—about half its current headcount and around one‑third of its ...

April 7, 2026

Members 1st Federal Credit Union celebrates its customers

Members 1st Federal Credit Union is recognizing its customers with a month-long campaign designed to say “thank you.” Member Appreciation Month is being held in April this year, in honor of the credit union’s April 12, 1950 founding. The initiative ...