Credit and Collection News

September 5, 2024

Valley Strong Credit Union Teams Up with Point Predictive to Safeguard Auto Lending Against Fraud

PointPredictive, Inc. Invests in Advanced Fraud Prevention by Implementing Point Predictive's DealerCheck™ SAN DIEGO, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Point Predictive, the leader in artificial intelligence ("AI") consumer lending solutions, today announced a strategic partnership with Valley Strong Credit ...

September 4, 2024

Charleston credit union acquires West Virginia bank

Listen to this article A Charleston-based federal credit union has acquired a West Virginia-based bank. REV Federal Credit Union has finalized an agreement to acquire West Virginia-based First Neighborhood Bank, according to a news release. This marks the credit union’s ...

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September 4, 2024

California Approves Privacy Bill Requiring Opt-Out Tools

This bill requires Web browsers to have an easy-to-find (and use) setting for consumers to send an opt-out preference signal by default to every site and app they interact with. SOURCE: SKORZEWIAK VIA ALAMY STOCK PHOTO California state legislature passed ...

September 5, 2024

FTC Provides Annual Letter Summarizing Debt Collection Activities

The Federal Trade Commission has provided the Consumer Financial Protection Bureau (CFPB) with its annual summary of activities to protect consumers in the debt collection arena. The summary is used by CFPB in its annual report to Congress on the ...

September 3, 2024

What Dollar Tree, Big Lots results will show about US consumer

Earnings results from major retailers have presented a murky picture of the US consumer where shoppers could either be spending resiliently or pulling back depending on where Wall Street looks. Discount retail chains are getting hit the hardest after Dollar ...

September 5, 2024

Consumers urge FTC to crack down on tech companies gatekeeping their devices

Internet-connected devices may initially work as advertised, but users too often face feature downgrades, unexpected subscription fees, or even “bricked” devices when support ends. A coalition of 17 consumer advocacy groups is calling on the Federal Trade Commission (FTC) to ...

September 3, 2024

US Eagle Federal Credit Union to buy Southwest Capital Bank

The merger is still pending regulatory approval. ALBUQUERQUE, N.M. — U.S. Eagle Federal Credit Union has entered into an agreement to buy Southwest Capital Bank. The deal calls for U.S. Eagle to purchase “substantially all assets” of Southwest Capital Bank ...

September 4, 2024

Rite Aid ‘Marks a New Beginning’ as Private Company with Emergence from Bankruptcy, New CEO

Rite Aid has successfully completed its financial restructuring and emerged from Chapter 11 as a private company. The chain now has a smaller store footprint of approximately 1,300 stores, down from 2,100 prior to the retailer’s October 2023 bankruptcy. As ...

September 4, 2024

TopLine Financial Credit Union Partners With Rondo Community Land Trust to Create Homeownership Opportunities

TopLine Financial Credit Union TopLine is the first credit union to partner with Rondo Community Land Trust TopLine Financial Credit Union Partners With Rondo Community Land Trust To Create Homeownership Opportunities TopLine is the first credit union to partner with ...

September 2, 2024

Patelco Credit Union says ransomware attack impacted over 700,000 members

Patelco Credit Union, a Dublin, California-based not-for-profit credit union said that the data security incident it suffered in June compromised the sensitive personal information of more than 700,000 individuals. Founded in 1936, Patelco Credit Union serves customers in Northern California, ...