Credit and Collection News

December 2, 2025

Top UK Debt Collection Agency Urges SMEs To Act On Unpaid Debts Before Christmas Slowdown

Frontline Collections - London Office (Debt Collection) London, UK - Dec 2, 2025 - Frontline Collections [https://www.frontline-collections.com/], the leading UK specialist in Private Debt Collection, today issued an urgent advisory to Small Businesses and Medium-sized Enterprises (SMEs) across the country ...

December 1, 2025

How banks fuel the private credit boom

Banks are central to the private credit boom because they provide funding, leverage, deal flow, and risk-transfer structures that allow private lenders to scale far beyond their own unlevered capital. Regulation has pushed banks to hold fewer risky loans directly, ...

December 1, 2025

FTC Takes Action Against Education Technology Provider for Failing to Secure Students’ Personal Data

Illuminate Education will be required to implement an information security program to address data security failures after a breach involving data of more than 10 million students The Federal Trade Commission will require education technology provider Illuminate Education, Inc. (Illuminate) ...

December 3, 2025

How Stablecore Is Pulling U.S. Community Banks & Credit Unions onto Blockchain Rails

For Alex Treece, co-founder of Stablecore, the future of digital assets inside the U.S. banking system is already unfolding, and it’s being driven not by the largest Wall Street institutions, but by the thousands of regional banks, community banks, and ...

December 1, 2025

North Carolina And Utah AGs Launch AI Task Force

By Troutman Pepper Locke State Attorneys General Team on November 24, 2025 POSTED IN ARTIFICIAL INTELLIGENCE (AI), STATE ATTORNEYS GENERAL On November 13, North Carolina Attorney General (AG) Jeff Jackson and Utah AG Derek Brown, along with the Attorney General ...

December 2, 2025

Complaints against credit bureaus rise sharply as borrower frustration spikes over credit score, data accuracy

In a clear indication of the growing discontent among borrowers over inaccuracies in credit reports, complaints against credit information companies have risen almost four-fold in three years, The Times of India reported on December 2. The sharp jump comes even ...

November 30, 2025

CFPB Employee Litigation Update: Plaintiffs Seek Clarification on Injunction, and District Court Orders Briefing on What Remains in Force

By Stefanie Jackman, Jesse Silverman, Lori Sommerfield & Chris Willis on November 26, 2025 POSTED IN ALL ENTRIES, CONSUMER FINANCIAL PROTECTION BUREAU (CFPB), REGULATORY ENFORCEMENT + COMPLIANCE On November 24, the plaintiffs in National Treasury Employees Union (NTEU) v. Consumer ...

November 30, 2025

Buy now, pay later? Florida has a problem with credit card delinquency

Florida currently has one of the highest serious credit card delinquency rates in the country, and the rapid growth of “buy now, pay later” (BNPL) is adding another layer of risk for already stretched households. Together, high revolving balances, rising ...

December 2, 2025

Absolute Home Mortgage acquires Fidelity Direct Mortgage assets

Absolute Home Mortgage Corporation has struck a deal to acquire the assets of Fidelity Direct Mortgage (FDM), the company confirmed on Tuesday. Financial terms of the transaction were not disclosed. Absolute — a mid-size independent mortgage bank based in Fairfield, ...

December 1, 2025

New bill would force credit-repair firms to prove results before getting paid

A new proposal in Congress called the Ending Scam Credit Repair Act (ESCRA) would make credit-repair companies wait to get paid until they can show documented proof that they actually improved a customer’s credit, at least six months after providing ...