Credit and Collection News

May 12, 2026

How fintech could bring Africa’s digital talent to the world

Fintech innovations could unlock Africa's digital talent for the global economy by dramatically reducing cross-border payment frictions that currently hinder remote work opportunities. Research by Harvard Business School shows that cutting payment-related transaction costs by 50% could create 900,000 to ...

May 9, 2026

Fintech startup Parker files for bankruptcy

Parker, a Y Combinator–backed SMB/e‑commerce banking and corporate card fintech, abruptly shut down and filed for Chapter 7 liquidation on May 7, with $50–100M in both assets and liabilities and roughly 100–200 creditors. What Parker was Parker offered a corporate ...

May 7, 2026

Ohio Attorney General Dave Yost to resign from office in surprise move

Ohio Attorney General Dave Yost is expected to announce May 7 that he is resigning from office, a move that could shake up statewide leadership months before the November election, according to two sources. The surprise announcement means Gov. Mike ...

May 11, 2026

FTC Puts Tech Companies on Alert for Nonconsensual Images Law

The FTC has put tech companies on notice regarding compliance with the Take It Down Act (TIDA), a new federal law that became effective May 19, 2025, requiring platforms to remove nonconsensual intimate images including AI-generated deepfakes. The law's platform ...

May 11, 2026

National Debt Reaches 100% of GDP as Interest Costs Climb

Public debt held hit $31.27 trillion at the end of the first quarter of 2026 — roughly twice the historical average. U.S. public debt has reached 100.2% of Gross Domestic Product (GDP), a milestone marking the first time since World ...

May 11, 2026

Redwood Credit Union re-elects board members

Redwood Credit Union has re-elected three volunteer officials to its board of directors for the 2026-2029 term: Debra Watts, David Gouin and M. Christina Rivera. Watts has been an RCU volunteer since 1976 and has held a variety of positions ...

May 11, 2026

US Judge Allows FTC Antitrust Case Against Zillow and Redfin to Move Forward

A federal judge in Virginia has refused to dismiss the FTC’s antitrust lawsuit against Zillow and Redfin, so the case over their rental‑listing partnership will now move forward into full litigation. What the judge decided U.S. District Judge Anthony Trenga ...

May 7, 2026

Zillow, Redfin fail to end FTC lawsuit claiming they suppressed rental competition

A federal judge has refused to throw out the FTC and state AGs’ antitrust case against Zillow and Redfin over their $100 million rentals partnership, so the lawsuit will proceed toward discovery and trial rather than ending at the motion‑to‑dismiss ...

May 7, 2026

Landmark Credit Union Live workers unionize with 80% approval

Workers join Milwaukee Area Service & Hospitality Workers Union Landmark Credit Union Live's employees have won recognition for their labor union – about a month after the new downtown Milwaukee concert venue's food service workers made a similar move. The ...

May 12, 2026

Q1 NY Fed Report: Credit Scores for Mortgages Still Solid, Foreclosures Increase Slightly

The NY Fed released the Q1 Quarterly Report on Household Debt and Credit this morning. he Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit. The report shows total ...