Britain’s construction sector is heading for a cash flow crisis, with firms battling late payments and rising costs on contracts that are now being delivered at a loss, according to new research from UK accountancy and advisory firm Menzies. The ...

The American Bankers Association (ABA) is urging the Consumer Financial Protection Bureau (CFPB) to revisit and prioritize a set of longstanding recommendations aimed at modernizing mortgage servicing rules, emphasizing the need for clarity, flexibility, and alignment with current market realities ...

A recent federal court decision in Ervan v. Upgrade, Inc. underscores that a creditor’s failure to issue (or timely issue) a Form 1099‑C does not, by itself, create a claim under the FDCPA or the FCRA. For creditors, fintechs, and ...

Federal Reserve data shows a modest but notable uptick in U.S. bank loan delinquencies in 2025, signaling continued normalization of credit performance following several years of unusually low default activity during and immediately after the pandemic. The Federal Reserve’s quarterly ...

Delinquency rates across nearly every major consumer credit category are rising sharply, signaling growing financial strain among U.S. households as savings buffers continue to erode. Rising Delinquencies Signal Broad-Based Consumer Stress Delinquency rates are climbing across credit cards, auto loans, ...

Sen. Elizabeth Warren (D-MA) and the Consumer Financial Protection Bureau (CFPB) are increasing scrutiny of fintech firm Bilt following widespread consumer complaints tied to a recent platform transition, raising fresh questions about accountability, servicing disruptions, and consumer protections in co-branded ...

Charlie Scharf, CEO of Wells Fargo, has questioned the way business leaders frame the debate about AI's impact on employment. Speaking at a Bernstein investor conference, Charlie says the conversation is more complex than many portray it to be. Business ...

Zimmerman v. Bank of America is a recent federal decision that treats an autopay malfunctionas a factual dispute that can support Fair Credit Reporting Act (FCRA) inaccuracy claims, rather than a mere “legal” or “contract” issue outside the scope of ...

The U.S. Supreme Court delivered a pair of closely watched rulings this week that reinforce the authority of federal regulators, siding with the Federal Communications Commission (FCC) and the Securities and Exchange Commission (SEC) in decisions that could carry meaningful ...