New law cuts CFPB funding by 46%, sparking debate on consumer protections as Republicans push accountability while Democrats warn of risks. Image (c) ConsumerAffairsShare Will a weakened CFPB be up to the job of protecting consumers from rogues and charlatans? ...

Our experts and industry insiders blog the latest news, studies and current events from inside the credit card industry. Our articles follow strict editorial guidelines. KEY TAKEAWAYS FICO’s decision to include BNPL data in credit scores may open the door ...

A federal judge has granted trade associations and the Trump administration’s request to vacate a Consumer Financial Protection Bureau (CFPB) regulation that would remove medical debt from credit scores. The Prohibition on Creditors and Consumer Reporting Agencies Concerning Medical Information ...

SACRAMENTO — The California Department of Financial Protection and Innovation (DFPI) and five other state financial regulatory agencies have taken action against Wise US, Inc. (Wise) for violations of Bank Secrecy Act and anti-money laundering laws under the Countering the ...

With wage garnishments expected later this summer, low-income Americans brace for impact. After a pandemic-related pause of more than five years, the U.S. Department of Education has resumed debt collections on student loans in default, affecting more than 5 million ...

Prohibitions on credit reporting and garnishing wages regarding medical debt will start in January 2026, and new limits on medical debt interest are now in effect. Prohibitions on credit reporting and Rhode Island Gov. Daniel McKee signed two measures on ...

Debt collection calls in the U.S. surged 150% in early 2025, with Georgia seeing the highest rates and nearly half of complaints marked as abusive. Student loans, IRS crackdowns contribute to a huge jump in calls Debt collection calls in ...

Following this announcement, Nacha has 45 Direct Members, which consist of financial institutions, banks, and Payment Associations. The partnership with USAA is set to enable Nacha to continue the process of developing and improving the modern ACH Network. The Nacha ...

Funding Murphy co-founders, Marc Sanchez and Borja Sole | Image credit: Murphy Barcelona-based Murphy, a platform that uses AI for debt servicing, has emerged from stealth and secured $15M (nearly €12.84M) in combined pre-seed and seed funding. The investment round ...