Headline News - Credit and Collection News

March 28, 2026

AI-Powered Finance: Leaders Navigate the GenAI Revolution

Cybersecurity and data governance Several key themes emerged from the breakfast briefing that could shape fintech strategy through Q1 and Q2 2025. Participants examined how gen AI transforms enterprise content management, automating document workflows, enhancing communications and unlocking value from ...

March 27, 2026

Why Credit Unions Are Rethinking Installment Payments

Buy now, pay later (BNPL) has rapidly evolved from a niche payment option into a routine part of everyday spending. As installment tools expand across discretionary purchases and household essentials alike, the question for credit unions (CUs) is no longer ...

March 25, 2026

Senators introduce legislation to protect Americans from credit repair scams

Washington, DC—U.S. Senators Lisa Murkowski (R-AK) and Chris Coons (D-DE) introduced the Ending Scam Credit Repair Act (ESCRA) today to crack down on fraudulent credit repair organizations that exploit consumers with high fees, false promises, and deceptive practices. Credit repair ...

March 28, 2026

BofA to Pay $72.5 Million to Settle Epstein Victim Lawsuit

Bank of America has agreed to pay about $72.5 million to settle a class-action lawsuit filed by Jeffrey Epstein victims who alleged the bank helped facilitate his sex‑trafficking operation by providing banking services despite red flags. Core facts Settlement amount: ...

March 25, 2026

New Bank Regulations Could Favor Loans to Private Credit

The headline refers to a recent WSJ piece arguing that a proposed tweak to U.S. bank capital rules would make it cheaper, on a risk‑weighted basis, for banks to lend to private credit funds and other nonbanks than to many ...

March 29, 2026

Acting CFPB Director Meets With Congressional Republicans On CFPB’s Future

Acting CFPB Director Russ Vought quietly met with House Financial Services Committee Republicans on Friday to talk about how to curb the bureau’s power without formally killing it, and to push specific Trump‑era policy priorities across the finish line. Core ...

March 29, 2026

Hospitals In Virginia Routinely Sue Patients Over Unpaid Bills

Virginia hospitals, doctors, and other medical providers have indeed filed an extraordinarily high volume of lawsuits against patients over unpaid medical bills, leading to wage garnishments and other aggressive collections, though new protections are scheduled to phase in starting July ...

March 24, 2026

Securitized Auto Delinquencies Improve Sequentially As Tax Refunds Roll In

Securitized auto loan delinquencies did tick down month over month in February as tax refund season started, but they remain historically elevated and risk indicators are still unfavorable for 2026 overall. What’s happening in February Early tax refunds usually produce ...

March 25, 2026

Consumers Added $86 Billion In Credit Card Debt In 2025

Americans added tens of billions in credit card debt in 2025, highlighting ongoing financial pressure despite slower year-over-year growth. Credit card debt remained a major financial challenge for U.S. consumers in 2025, with balances continuing to grow even as the ...

March 30, 2026

How Amex exploits new AI tools

is rolling out AI aggressively across fraud, underwriting, customer service, marketing, and internal productivity, and management now describes “hundreds” of in‑flight use cases built on that stack. Strategic framing Amex has used machine learning for more than a decade (fraud, ...