By Credit and Collection News Staff For lenders holding distressed office loans, foreclosure can resolve a question of ownership without solving the underlying problem: a building that cannot generate enough income to support its debt. Taking control of the collateral ...

By Credit and Collection News Staff Commercial real estate loans flagged for foreclosure in major Texas markets topped $1 billion in October, rebounding from less than $800 million in September and highlighting continued pressure on borrowers and lenders working through ...

The Federal Trade Commission is warning consumers—particularly younger social-media users—to be wary of investment “training” pitches that promise rapid wealth, passive income and little or no financial risk. The warning follows the FTC’s enforcement action against International Markets Live, also ...

Anna Gomez, the Democratic member of the United States Federal Communications Commission, has urged the federal agency not to allow robocalls generated with artificial intelligence in the lead-up to the midterm elections in early November. On Wednesday, the commissioner pushed ...

WASHINGTON — The Independent Community Bankers of America has sued the Office of the Comptroller of the Currency, challenging the agency’s authority to grant national trust bank charters to cryptocurrency companies and other nontraditional financial firms. The complaint, filed Oct ...

Small businesses carrying between roughly $3.4 million and $7.5 million in debt could regain access to a faster, less costly route to Chapter 11 reorganization under legislation now awaiting President Donald Trump’s signature. For creditors and collection professionals, the change ...

The November midterms could reset the policy environment for creditors, collection agencies, debt buyers, fintechs and consumer lenders—but the most consequential outcome may be whether either party gains enough control of Congress to drive oversight, appropriations and Consumer Financial Protection ...

Eight-year financing can lower monthly payments, but it also increases borrowing costs and exposes consumers—and lenders—to longer-lasting financial risks. For most car buyers, a 96-month auto loan is not a good idea. Although spreading payments over eight years can make ...

The Federal Trade Commission has warned 24 of the nation’s largest healthcare services companies that failing to give patients timely, accurate and complete pricing information could amount to an unfair or deceptive practice under federal law. The Oct. 5 letters ...