Credit and Collection News

May 8, 2026

Del Monte Bankruptcy to destroy 420,000 Peach Trees in California

California farmers are scheduled to destroy approximately 420,000 clingstone peach trees across 3,000 acres following the Chapter 11 bankruptcy of Del Monte Foods. The mass removal is a direct result of the permanent closure of Del Monte’s processing facilities in ...

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 7, 2026

FTC Sounds Alarm as Imposter Scams Steal $3.5 Billion

The Federal Trade Commission (FTC) is warning consumers to beware of text messages that demand money for unpaid tolls as well as new online friends or love interests who suddenly ask for money. These are two common imposter scams, a type of scam that ...

May 10, 2026

Consumer debt still seems manageable… for now

It’s no secret today’s economy is casting a shadow over many people’s lives, whether at the grocery store, gas pump or even keeping the lights on at home. But, so far, Americans, especially homeowners, appear to be holidng steady when ...

May 7, 2026

Experian Not Liable for Reporting Debt From Contractual Dispute in Harris Case

Harris v. Experian - Community Property Liability Case Experian Information Solutions secured a complete victory in a Fair Credit Reporting Act (FCRA) case when the Ninth Circuit Court of Appeals affirmed summary judgment in March 2026, ruling that Experian did ...

May 12, 2026

CFPB Surprisingly Appeals Judge Davila’s Funding Decision to the Ninth Circuit

By Alan S. Kaplinsky on May 12, 2026 POSTED IN CFPB Just when the conventional wisdom seemed to be that the CFPB was no longer going to assert that it could not request funding from the Federal Reserve because of ...

May 7, 2026

US Bank loses foreclosure fight after suing a dead borrower

In the first case, the borrower, James Williams, signed a $627,000 note in April 2008, secured by a mortgage on a property in Elmhurst. Williams died on April 24, 2009. The lender's predecessor went ahead and filed the foreclosure action ...

May 12, 2026

Japan biz bankruptcies hit 12-year high for April

The center of Tokyo, Japan. Photo: Jiji Press Business failures mainly caused by rising prices surged 51.7 pct to 85, reflecting higher prices stemming from a weaker yen and soaring raw materials prices. With concerns rising over naphtha supplies amid ...

May 11, 2026

Arizona Court Reaffirms Text Messages Are Calls Under The TCPA.

Arizona federal courts have reaffirmed that text messages are treated as “calls” under the TCPA, and the Ninth Circuit has now squarely held the same, including in a recent decision involving political texts. Core holding An Arizona federal court, applying ...

May 7, 2026

PRA Group Reports First Quarter 2026 Results

Strong Start to the Year with 11% Cash Collections Growth and Net Income of $28 Million Continued Momentum in U.S. Business with Strong Results in Europe On Track with PRA 3.0 Strategy to Drive Enhanced Results NORFOLK, Va., May 7, ...