Older Americans are estimated to have lost as much as $81.5 billion to financial fraud in 2024, once unreported scams are taken into account. Officially reported losses by people 60 and older were about $2.4 billion, but regulators say that ...

The Justice Department is pressing Federal Reserve Chair Jerome Powell to clarify whether the Fed is now generating profits, a fact that could undercut the legal basis the Trump administration is using to block funding for the Consumer Financial Protection ...

In a move that significantly expands its footprint in the mortgage servicing landscape, Pontiac-based United Wholesale Mortgage Holdings Corp. said Wednesday it would acquire Two Harbors Investment Corp. in an all-stock deal valued at $1.3 billion. The merger combines United ...

Mortgage-related delinquencies are elevated but not at a record high, and the latest widely cited 4.5% figure refers to all household debt in some stage of delinquency, not just mortgages.​ What the 4.5% figure is The 4.5% number comes from ...

The lawsuit traces the trouble back to the pandemic. In 2020, James entered a 16‑month COVID-19 forbearance, which he says was granted because of financial hardship and his need to support family members. As that relief period ended, he turned ...

Credit bureau giant Equifax Australasia Workforce Solutions Pty Ltd (Equifax) has entered into a court-enforceable undertaking with the competition watchdog after admitting that its conduct when entering into exclusivity agreements had the potential to breach competition law (specifically, section 47 ...

Equifax (NYSE: EFX) secured 27 patents in the second half of 2025, bringing the total number of patents secured for the year to 62. Twenty of these patents support the company’s approach to artificial intelligence, complementing its EFX.AI strategy and ...

The legislation would create important reports to curb abusive litigation practices while maintaining consumer protections in the FCRA. ACA International has joined a coalition of financial services, technology and banking associations to support important legislation to align the Fair Credit ...

A proposed settlement aims to end the federal student loan forgiveness plan. This follows a successful legal challenge by several states, which led the courts to block the plan. The U.S. Department of Education has reached a proposed settlement agreement ...