Credit and Collection News

July 10, 2025

Gould confirmed as OCC head

Jonathan Gould, comptroller of the currency nominee for US President Donald Trump, during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, DC, US, on Thursday, March 27, 2025. Photographer: Tierney L. Cross/Bloomberg Tierney L. Cross/Bloomberg WASHINGTON ...

July 9, 2025

Supreme Court Ruling Won’t Directly Impact CFPB Case

Bloomberg News The Supreme Court's ruling allowing President Trump to proceed with mass firings at federal employees does not directly affect the Consumer Financial Protection Bureau, according to the CFPB employee union, which is fighting workforce reductions at the agency ...

July 6, 2025

FTC’s ‘junk fees’ rule could protect trucking from predatory towing

Occasionally it feels like there are new developments in booting-and-towing rules and regulations somehow, somewhere around the country nearly every week. Attorneys John Dempsey and Martin E. Cain of the Moseley Marcinak LLP law firm flagged once such development in ...

July 5, 2025

Seattle, Spokane among worst in U.S. for rising credit card delinquencies

COMP▲ ‎+1.02%‎ ©Dylan Gillis | Unsplash© The Center Square (The Center Square) – As fears of recession grow, a new report found that Seattle and Spokane are among the top five cities with increasing numbers of people not paying their ...

July 9, 2025

Credit Card Debt Is Actually Down Despite Breaking Records

Credit card debt in the United States reached a new nominal record in May, with balances totaling $1.31 trillion. However, when adjusted for inflation, the current total remains below the all-time high recorded in 2008, according to analysis of the ...

July 6, 2025

CFPB Corrects Invisible Count as Millions Struggle to Shake Credit Limbo

Highlights The CFPB has corrected its data on “credit invisible” and unscored populations. A new report shows credit invisibles’ ranks are half the size of original estimates. But there are still roughly 25 million unscored individuals, representing nearly 10% of ...

July 8, 2025

US court cancels FTC rule that would have made canceling subscriptions easier

FTC arguments rejected Summarizing the FTC's arguments, judges said the agency contended that US law "did not require the Commission to conduct the preliminary regulatory analysis later in the rulemaking process," and that "any alleged error was harmless because the ...

Debt Collections - Get Help With Your Debt Collection Settlements

July 5, 2025

Debt collectors on the line: What to do and say

Business Insider: Typical American carries $6,730 in credit card debt By Rachel DePompa Published: Jul. 3, 2025 at 8:52 AM HST (InvestigateTV) — Getting a call from a debt collector can feel overwhelming—and intimidating. But consumer advocates say the worst ...

July 8, 2025

Walmart Launches New Credit Cards This Fall That Could Put Money Back in Your Pocket

The retail giant is partnering with Mastercard and Synchrony to offer two credit card options. One works everywhere, while the other provides exclusive Walmart benefits ...

July 10, 2025

Credit Card Delinquencies Show Improvement As Interest Rates Surge

Key Takeaways Consumer credit card performance improved during the first quarter of 2025 as total balances on consumer cards fell to $908 billion, from more than $951 billion in 2024’s fourth quarter, according to the Federal Reserve Bank of Philadelphia’s ...