Fannie Mae is preparing a tougher path to condo financing in 2027, arriving at a time when prices are slipping in markets including Austin, Phoenix, Cape Coral, and Nashville. In Nashville alone, some condos are selling for $100,000 less than ...

Global call center employment has fallen from its peak as automation reduces demand for routine service work, but the implications for creditors and collection agencies extend beyond staffing costs. Artificial intelligence is helping reshape the call center workforce, with new ...

The US Federal Trade Commission is investigating Block Inc. following consumer complaints involving frozen accounts, according to a Bloomberg report published Thursday, bringing fresh regulatory attention to the financial technology company. The reported investigation centers on concerns about customers’ access ...

Upstart Holdings UPST is expanding its credit union network through a partnership with Credit Union of Denver. Colorado's oldest state-chartered credit union, founded in 1931, aims to make affordable personal loans more accessible through Upstart's AI-powered digital lending marketplace. Credit ...

Consumer Protection BC (CPBC) has imposed a heavy fine of $34,000 against a B.C.-based debt collector called Toledo Credit. Toledo is based in Surrey, and it has been involved in other incidents that have put the company’s integrity in question, ...

Proposed Upgrade Bank would complement existing bank partnerships and loan-buyer relationships; applications remain subject to regulatory approval. Upgrade Inc. has submitted applications to the Nevada Financial Institutions Division and the Federal Deposit Insurance Corp. to establish Upgrade Bank, a proposed ...

The city of Phoenix will start shutting off water to residents with “seriously delinquent” accounts starting next month. The city says more than 9,000 accounts are significantly behind on payments — that comes out to nearly $24 million in past-due ...

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 ...

JAKARTA – HSBC and Ant Digital Technologies have completed a technical verification test for artificial intelligence (AI) agent micropayments using tokenized deposits, with real-time settlement on a blockchain test network. According to Ant Digital Technologies on Friday (9/10), the test ...