Record July deployments and a larger legal-collections contribution underscore Jefferson Capital’s push into a more complex auto receivables market. MINNEAPOLIS — Jefferson Capital reported second-quarter collections of $300.9 million, up 18% from a year earlier, as the debt buyer and ...

By Credit and Collection News Staff The U.S. Court of Appeals for the Seventh Circuit has upheld the Federal Deposit Insurance Corp.’s $105,000 civil money penalty and industry prohibition against former Illinois community-bank chairman Frank William Bonan II, rejecting his ...

The National Reverse Mortgage Lenders Association (NRMLA) is urging the Consumer Financial Protection Bureau (CFPB) to overhaul reverse mortgage disclosures, arguing that tailored, simplified materials could help consumers better understand the products and their risks. In an Aug. 10 comment ...

By David N. Anthony, Stefanie Jackman & Ethan G. Ostroff on August 12, 2026 POSTED IN ALL ENTRIES, CREDIT REPORTING + DATA BROKERS, DEBT BUYERS + COLLECTORS, FDCPA, FEATURED POSTS, REGULATORY ENFORCEMENT + COMPLIANCE, STATE ATTORNEYS GENERAL As we previously ...

Credit card balances in the U.S. now sit at about US$1.26t, with more borrowers falling 90+ days behind and many using plastic just to cover essentials. That combination can strain households, yet it can also shift attention to companies that ...

By Credit and Collection News Staff Credit card delinquencies continued to edge upward in the second quarter of 2026, underscoring the uneven financial pressure facing U.S. households even as lenders reopen the credit spigot. TransUnion reported that 2.26% of bankcard ...

Well over half a million Grubhub drivers and customers are set to receive a share of $23.8 million following allegations that the food delivery company misled workers about their potential earnings and engaged in other deceptive practices. The Federal Trade ...

EL PASO, Texas — Texas Sen. César Blanco has honored Raiz Federal Credit Union with a special resolution recognizing the institution’s 90-year history and its longstanding community presence in El Paso. The recognition came during Raiz’s anniversary celebration, marking nine ...

U.S. household credit performance showed modest overall improvement in the second quarter of 2026, but the consumer-credit picture remains uneven. New delinquencies on credit cards and auto loans are still elevated, even as aggregate household delinquency edged down to 4.7% ...