Headline News - Credit and Collection News

January 28, 2026

How Credit Unions Can Use Digital Gaming to Drive Deeper Engagement and Smarter Data

Digital engagement expectations are rising fast across financial services. Members today are shaped by consumer apps, personalized experiences, and instant feedback loops—and they bring those expectations with them when interacting with their credit unions. Static content, long forms, and one-way ...

January 27, 2026

‘Click To Cancel’ Bills In Congress Target Consumer Subscriptions That Are Hard To Ditch

Lawmakers are advancing several “click to cancel” bills that would force subscription services to make cancellation at least as easy as signing up and to get clear consent before charging after free trials. What the new bills do A bipartisan ...

January 28, 2026

Zelle network expands by 15%

Zelle’s network grew about 15% in 2025, driven mainly by small community banks and credit unions joining the peer‑to‑peer payments service. What the 15% expansion means Zelle had about 2,200 participating financial institutions at the end of 2024 and roughly ...

January 29, 2026

Federal Reserve keeps interest rates unchanged even as Trump continues to insist they be lowered

WASHINGTON, D.C. — The Federal Reserve pushed the pause button on its interest rate cuts Wednesday, leaving its key rate unchanged at about 3.6% after lowering it three times last year. Chair Jerome Powell said at a news conference after ...

January 29, 2026

An Ohio lawmaker wants to cap late fees and expand payment deadlines for parking tickets

CLEVELAND — An Ohio lawmaker has introduced legislation that would extend the deadline to pay parking tickets and limit late fees. OH Rep. Darnell Brewer (D-Cleveland) says H.B. 653 would give drivers 30 days to pay parking tickets and cap ...

January 27, 2026

China shifts from being Africa’s top lender to debt collector

China’s role as a major financier to developing nations has shifted over the past decade, with new loans to poorer countries dropping sharply while debt repayments continue to rise, according to a new analysis by ONE Data for the Development ...

January 27, 2026

AI is “forcing a fundamental shift” in data privacy and governance

Enterprises are shaking up their approach to data privacy and governance, new research shows, largely due to added risk factors created by AI adoption. According to Cisco's 2026 Data and Privacy Benchmark Study, nearly all companies are expanding privacy programs ...

Best Mortgage Lenders: Compare Top Picks for 2026

January 28, 2026

Home Buyers Are Suing Rocket Mortgage

Rocket Mortgage and its parent, Rocket Companies, are currently facing a new nationwide class-action lawsuit alleging an illegal “steering” scheme that pushed homebuyers into using Rocket’s mortgages and related services in violation of federal law, specifically the Real Estate Settlement ...

January 31, 2026

Most Saks OFF 5TH locations nationwide to close amid bankruptcy proceedings

FOX Business' Lauren Simonetti joins ‘Mornings with Maria’ to report on how artificial intelligence is transforming the retail shopping experience. Saks Global announced the majority of its Saks OFF 5TH locations across the United States will now be closing, just ...

February 1, 2026

Medical Debt Help Bill Clears Senate

Legislation promoting charity care and payment plans for Hoosier health care patients — plus, protecting their paychecks and homes from debt collectors — advanced from Indiana’s Senate on Thursday, in a 33-15 vote that splintered the chamber’s Republican caucus. It ...