Credit and Collection News

May 8, 2025

Experian Wins 2025 HR Tech Award for Tax Withholding Solution

Recognition from Lighthouse Research and Advisory marks second consecutive win for Experian’s innovative employer solutions COSTA MESA, Calif., May 08, 2025--(BUSINESS WIRE)--Experian®has been recognized as a 2025 HR Tech Award Winner by Lighthouse Research & Advisory for its Tax Withholding ...

FTC Presser on Facebook settlement in Washington

May 5, 2025

Trump administration seeks to ID anticompetitive regulations

Federal Trade Commission seal is seen at FTC Headquarters in Washington, U.S., July 24, 2019. REUTERS/Yuri Gripas/ File Pgoto Purchase Licensing Rights, opens new tab WASHINGTON, May 5 (Reuters) - The U.S. Federal Trade Commission and the Department of Justice ...

May 8, 2025

CFPB Withdraws Medical Debt Rule After Legal Challenge from Industry Groups

CFPB Withdraws Medical Debt Rule After Legal Challenge from Industry Groups by: A.J. S. Dhaliwal, Mehul N. Madia, Maxwell Earp-Thomas of Sheppard, Mullin, Richter & Hampton LLP - Consumer Finance and Fintech Blog On May 1, the CFPB filed ...

May 8, 2025

Senate Votes To Overturn OCC Ban On Expedited Merger Review

The Senate voted Wednesday to overturn a September 2024 rule from the Office of the Comptroller of the Currency that would end expedited merger reviews. The OCC rule itself is a rollback of a 1996 policy that deems bank deals ...

May 8, 2025

Buy Now, Pay Later firms push back against consumer protection rules

The CFPB may rescind BNPL rules akin to credit card regulations as user concerns rise over financial issues; nearly 50% encounter payment troubles. Images (c) ConsumerAffairsShare The Consumer Financial Protection Bureau (CFPB) may rescind proposed rules treating Buy Now, Pay ...

CFPB ceases enforcement of BNL regulation

May 7, 2025

CFPB Ceases Enforcement Of BNPL Regulation

The Consumer Financial Protection Bureau (CFPB) has announced that it dropped the enforcement actions of a BNPL rule declaring such providers as credit card issuers subject to the Truth in Lending Act. In an official statement, the CFPB underlined its ...

May 8, 2025

New FTC rule on hidden fees takes effect next week

After May 12, buying a concert ticket must be more transparent, with all fees clearly listed - Image (c) ConsumerAffairsShare The rule is aimed at ticket sellers and short-term lodging platforms New FTC rule takes effect May 12, 2025, targeting ...

May 8, 2025

Student Loan Delinquencies Hit Record High As Collections Resume

Student loan delinquencies hit record high as collections resume© Calendar Student loan borrowers face mounting pressure as delinquency rates have reached unprecedented levels. The federal government has now resumed collections on defaulted accounts, adding to the financial strain experienced ...

Google parent Alphabet on Friday agreed to pay $1.375 billion to settle a data privacy lawsuit filed by Texas Attorney General Ken Paxton in 2022. File Photo by John Angelillo/UPI

May 10, 2025

Google agrees to pay $1.375B in Texas data privacy settlement

Google parent Alphabet on Friday agreed to pay $1.375 billion to settle a data privacy lawsuit filed by Texas Attorney General Ken Paxton in 2022. File Photo by John Angelillo/UPI | License Photo May 10 (UPI) -- Google will pay ...

PRA Group, Inc. Price, Consensus and EPS Surprise

May 8, 2025

PRA Group’s Q1 Earnings Miss Estimates on Rising Legal Collection Costs

Shares of PRA Group, Inc. PRAA declined 30.8% since it reported first-quarter 2025 results on May 5. The quarterly results suffered due to rising operating costs attributed to higher legal collection costs and fees. A 60.2% plunge in other revenues ...