Headline News - Credit and Collection News

April 3, 2026

Once-Lauded Gourmet Cookie Retailer Shutters All Remaining Locations Amid Bankruptcy

Taylor Chip, a Pennsylvania-based gourmet cookie company is closing all remaining locations after filing for Chapter 11 bankruptcy in February 2026. What happened Taylor Chip filed for Chapter 11 bankruptcy on February 12, 2026, initially aiming to restructure rather than ...

April 2, 2026

CFPB Floats Plan To Cut Staff In Half

The “plan to cut staff in half” refers to a new CFPB reduction‑in‑force proposal the Trump administration filed with the D.C. Circuit that would shrink the Bureau to roughly 556 employees—about half its current headcount and around one‑third of its ...

April 4, 2026

Visa rolls out ‘credit card dispute’ AI tools for banks and merchants

Visa has introduced six artificial intelligence tools to streamline credit card dispute handling, as dispute volumes continue to rise and increase costs for banks and merchants. The company said it processed more than 106 million disputes globally in 2025, a ...

April 8, 2026

40% of Americans Never Read The Data Privacy Policies They Sign

Most Americans are worried about how their personal data is being collected and used, but many never read the privacy policies they sign, according to new research. A report on “Data Privacy in 2026” by Whistle Out surveyed 1,000 American ...

April 6, 2026

RiverLink to send unpaid toll bills and fees to collections

Joe Hendrickson - stock.adobe.co Key takeaways RiverLink will begin sending unpaid tolls and fees to collections starting May 1, with notices being sent to drivers who have four unpaid monthly bills for the same crossing. See more Heads up drivers, ...

April 2, 2026

CFPB Complaints Show Credit Reporting System Under Pressure

In data released Tuesday (March 31) by the agency in its 2025 Consumer Response Annual Report, of the more than 6.6 million complaints filed in 2025, roughly 5.8 million were tied to credit or consumer reporting, accounting for 88% of ...

April 2, 2026

Vought Requests $75.8 Million For CFPB For 3rd Quarter Of Fiscal Year

Acting CFPB Director Russell Vought has requested a $75.8 million transfer from the Federal Reserve to fund the CFPB through the third quarter of fiscal year 2026, i.e., through the end of June 2026. What the $75.8M request is The ...

April 8, 2026

Washington State DFI Takes Action Against Mortgage Servicer Newrez

FOR IMMEDIATE RELEASE FROM THE WASHINGTON DEPARTMENT OF FINANCIAL INSTITUTIONS DFI’s Statement of Charges seeks to order Newrez to stop alleged violations of the law, fix consumer issues, and pay a fine of $4,175,000 - one of DFI's most significant ...

April 8, 2026

Japan bankruptcies top 10,000 in FY2025 due to price hikes, labor shortages

The number of corporate bankruptcies in Japan topped 10,000 in fiscal 2025 for the second straight year, as high prices and labor shortages weighed on small and medium-sized firms, a survey by a credit research company showed Wednesday. Bankruptcies involving ...

April 7, 2026

Members 1st Federal Credit Union celebrates its customers

Members 1st Federal Credit Union is recognizing its customers with a month-long campaign designed to say “thank you.” Member Appreciation Month is being held in April this year, in honor of the credit union’s April 12, 1950 founding. The initiative ...