U.S. foreclosure activity continued its gradual annual rise in May 2026 even as filings declined from April, according to ATTOM’s latest Foreclosure Market Report. The report, released Thursday, found 40,355 properties with foreclosure filings — including default notices, scheduled auctions ...

Merrill Lynch has agreed to pay a $225,000 fine and accept a censure over allegations it failed to report more than 1,600 customer complaints submitted through post-call surveys, according to a Financial Industry Regulatory Authority settlement finalized on Wednesday. From ...

Fewer Americans expect to apply for new credit or refinance existing debt over the next year, according to TransUnion's Q2 2026 Consumer Pulse Study, with the sharpest pullback coming from higher-income households that have remained among the most active borrowers ...

Visa’s India network has crossed 500 million payment tokens, underscoring how quickly tokenized digital payments are becoming the default rails for e‑commerce and in‑app transactions in the market. Milestone: 500 Million+ Tokens In India According to industry reporting on RBI ...

is preparing a major push to turn its UK-based digital bank into a pan‑European consumer franchise, with Germany live and Spain, France, and Italy now firmly in its sights before 2030. For US credit and collections professionals, this raises important ...

President Donald Trump nominated former CFPB deputy director and current Capital One executive Brian Johnson to a five-year term as director of the agency. The nomination was announced by the White House Wednesday (June 10). Johnson held four positions at the CFPB between December ...

PayPay’s new AI-driven alliance with T&D Holdings marks a significant push to turn Japan’s dominant QR-payments app into a full‑stack insurance and financial services platform, with SoftBank’s AI stack at the center of the strategy. For Credit and Collection News ...

Awakon Federal Credit Union was recently named a Community Enrichment Award winner in recognition of its response to the March 2025 ice storm. According to Awakon's announcement, they were selected as the Small Asset Size Winner of the Michigan Credit ...

Capital One reported May 2026 monthly charge-off and delinquency metrics, including domestic credit card and auto portfolio balances, charge-offs and delinquency rates. Key Highlights: Domestic credit card period-end loans held for investment: $257,997 million; net charge-offs: $1,022 million (annualized rate ...