The financial performance and membership of Civic Federal Credit Union veered in the wrong direction last year after it emerged as an independent financial institution. Raleigh-based Civic posted a net loss of $123.7 million in the 12 months ended Dec ...

The latest data shows that U.S. consumer delinquencies have climbed sharply, reaching their highest levels in nearly a decade. According to the Federal Reserve Bank of New York, Americans are increasingly falling behind on credit cards, auto loans, student loans, ...

From the MBA: Mortgage Delinquencies Increase in the Fourth Quarter of 2025 The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 4.26 percent of all loans outstanding at the end of the ...

“The FTC’s AI Preemption Authority is Limited” is a recent Tech Policy Press analysis arguing that, even under President Trump’s new AI Executive Order, the FTC has only narrow and hard‑to‑use tools to override state AI laws. What the Executive ...

Hanscom Federal Credit Union and Alden Credit Union have agreed to merge, with Hanscom FCU as the surviving institution operating under its current name, but the deal is still pending regulatory and member approvals and is expected to close in ...

Foreclosure activity inches closer to pre-pandemic 2019 levels U.S. foreclosure activity has risen for more than a year and is moving toward, but not yet back to, 2019’s pre‑pandemic levels. Where levels stand vs. 2019 In 2019, there were about ...

A recent U.S. study in JAMA Health Forum found that adults with recent symptoms of depression, anxiety, or post-traumatic stress were significantly more likely to have used “buy now, pay later” (BNPL) loans in the past year than adults without ...

Kenya’s Tourism Fund has hired a private debt recovery agency to help collect more than 1 billion shillings in overdue tourism levy payments from hotels, restaurants, and other regulated establishments. What the Tourism Fund is doing The Fund is using ...

Eddie Bauer’s store operator in the U.S. and Canada has filed for Chapter 11 bankruptcy protection and begun going‑out‑of‑business and liquidation sales at its remaining locations. What exactly happened Eddie Bauer LLC, which operates about 175–180 Eddie Bauer stores in ...