Headline News - Credit and Collection News

November 16, 2025

Pa. Turnpike adds civil suits to help collect $237 million in unpaid tolls

The Pennsylvania Turnpike is now using civil lawsuits as an additional tactic to collect $237 million in unpaid tolls, with enforcement led by the state attorney general’s office targeting the most egregious toll evaders. Over the past year, more than ...

November 17, 2025

CFPB Is In Danger Of Closing After Trump Administration Says Its Funding Source Is Illegal

The Consumer Financial Protection Bureau (CFPB) is at significant risk of closing due to the Trump administration declaring its funding source—transfers from the Federal Reserve—unlawful. The Department of Justice’s Office of Legal Counsel now interprets the CFPB’s funding mechanism as ...

November 15, 2025

Pa. Attorney General’s office warns of data breach, says personal information could be compromised

The office says that personal information may have been accessed during a data breach in early August. HARRISBURG, Pa. — The Pennsylvania Attorney General’s Office reported a data security incident that may have exposed personal information, officials said Friday. The ...

November 19, 2025

Fed wins banking industry praise for new guidelines on supervision of financial system

The Federal Reserve has released new guidelines on the supervision of the financial system, which have been broadly praised by the banking industry. The new principles instruct bank examiners to focus on material financial risks and avoid excessive attention to ...

November 14, 2025

Citadel Credit Union Redefines Business Banking with Expanded Team, SBA Certification, Growing Influence

Under the leadership of Thomas Sebok, left, and John Zarrillo, Citadel has built a full-service platform designed to meet the needs of entrepreneurs, small businesses, and growing enterprises. Citadel Credit Union has made a major step forward in its ongoing ...

November 18, 2025

What to know before using Buy Now, Pay Later for holiday spending

As holiday shopping ramps up, more Americans are turning to Buy Now, Pay Later (BNPL) services that split up purchases into smaller, timed installments.Adobe Analytics predicts that more than $20 billion in online holiday purchases will be made with BNPL ...

November 15, 2025

Federal Deposit Insurance Corporation Eyes Tokenised Deposit Insurance Guidelines

The Federal Deposit Insurance Corporation (FDIC) is actively formulating guidance on tokenized deposit insurance to address the growing trend of banks and financial institutions moving deposits onto blockchain and distributed ledger technologies. This move aims to ensure that tokenized deposits, ...

November 18, 2025

DFPI Orders Apoyo Financiero To Pay More Than $1 Million For Overcharging Customers

SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) announced that a Concord-based lender, Apoyo Financiero, Inc., must pay a hefty $1 million penalty for charging excessive interest and fees to its customers. In addition, the company will ...

November 13, 2025

Is The CFPB Headed For A Shutdown In The Wake Of DOJ Action?

The Consumer Financial Protection Bureau (CFPB) is facing a likely shutdown in early 2026 as a result of recent actions by the Department of Justice (DOJ) and a legal decision concerning its funding mechanism. The DOJ's Office of Legal Counsel ...

November 19, 2025

CFPB Wants To Eliminate Disparate-Impact Claims Under ECOA

The Consumer Financial Protection Bureau (CFPB) has proposed a rule to eliminate disparate-impact claims under the Equal Credit Opportunity Act (ECOA) as of November 2025. This would represent a major change in federal fair lending enforcement, limiting ECOA claims to ...