Headline News - Credit and Collection News

June 11, 2026

US Foreclosure Filings Rise 14% Annually In May

U.S. foreclosure activity continued its gradual annual rise in May 2026 even as filings declined from April, according to ATTOM’s latest Foreclosure Market Report. The report, released Thursday, found 40,355 properties with foreclosure filings — including default notices, scheduled auctions ...

June 6, 2026

Millions Of Student-Loan Borrowers Risk Facing Debt Collectors Who Were Penalized For ‘Misleading’ Behavior

Private student-loan collectors penalized for claims of misleading behavior could work with borrowers again. It's part of Trump's transfer of defaulted student loans from the Education Department to the Treasury. It could expose borrowers to high collection fees and repayment ...

June 11, 2026

Fintech Brigit Accused Of Issuing Unlawful Loans To Minnesotans

A new legal challenge against fintech provider Brigit is drawing attention to the ongoing regulatory scrutiny of earned wage access (EWA) and cash advance products, with Minnesota authorities alleging the company operated outside state lending laws. The Minnesota Department of ...

June 8, 2026

California wants to cap business tax credits, alarming life sciences and tech industries

In summary Businesses and some lawmakers urge state leaders to reject the governor’s budget proposal to permanently limit R&D tax credits. Welcome to CalMatters, the only nonprofit newsroom devoted solely to covering issues that affect all Californians. Sign up for WhatMatters to ...

June 11, 2026

Unpaid Credit Card Balance Ratio Highest In Over 3 Years

Rising consumer strain is becoming increasingly visible in the credit card market, as the share of unpaid balances has reached its highest level in more than three years, signaling growing pressure on household finances and potential implications for creditors, collectors, ...

June 7, 2026

How People Working in Debt Collection Handle Abuse From Callers

Debt collection has long been recognized as one of the most challenging roles in financial services—not only due to regulatory scrutiny and performance pressure, but also because of the frequent exposure to verbal abuse from consumers. While much of the ...

June 7, 2026

US lawmakers seek FTC review of prediction market marketing and consumer messaging

Nine Democratic representatives have asked the Federal Trade Commission to examine whether prediction market operators are promoting their offerings as gambling. US.- A group of lawmakers in the US House of Representatives has formally requested that the Federal Trade Commission ...

June 8, 2026

NCUA Moves to Protect Credit Union Interchange Revenue From State Restrictions

The National Credit Union Administration (NCUA) is taking steps to safeguard a key revenue stream for credit unions, signaling growing federal concern over state-level efforts to regulate interchange fees. In a recent policy stance, the NCUA emphasized that federally chartered ...

June 10, 2026

Suvall retires from Rhode Island Credit Union; Zeppa named successor

WARWICK – Rhode Island Credit Union President/CEO David B. Suvall announced his retirement after 45 years of service, while longtime Executive Vice President/COO Nancy L. Zeppa has been named by the board of directors as his successor, effective July 1 ...

June 9, 2026

Credit One Bank Celebrates 30 New One for the Community Scholarship Recipients

Credit One Bank celebrated another impactful year of its One For The Community Scholarship program, awarding a total of $300,000 in scholarships to Southern Nevada students pursuing higher education in the state. In partnership with the Public Education Foundation (PEF) ...