VyStar Credit Union is holding its Good Starts Here food drive throughout August to collect nonperishable donations for families in Florida and Georgia. The initiative, which began Aug. 1, accepts contributions at all branch locations through Aug. 31 to combat ...

Indiana’s Supreme Court has quietly delivered a significant win for collection law firms and their creditors by denying transfer in a closely watched case on FDCPA strict liability, effectively leaving in place an Indiana Court of Appeals ruling that allows ...

The Fed’s proposal would revise its Regulation O, which restricts banks’ extension of credit to their executive officers, directors, principal shareholders and their related interests, according to a memo released Friday (July 31). The Fed issued a notice of proposed ...

The White House is moving to operationalize a new AI security framework that will subject only a narrow slice of “frontier” closed models to federal cybersecurity review before release, leaving most open-weight systems outside the perimeter and raising complex questions ...

Federal court data signals growing financial stress among both consumers and businesses. Bankruptcy filings climbed sharply over the past year, according to new data from the Administrative Office of the U.S. Courts — a trend ARM professionals should be monitoring ...

Bilt is blaming a third‑party collection agency for sending mistaken collection notices tied to its rent‑rewards credit card, but the episode underscores how fintechs’ vendor relationships, data controls, and credit reporting practices can expose consumers to serious harm—and regulatory scrutiny—when ...

The US economy didn’t just miss expectations in July. It reversed course entirely. Nonfarm payrolls contracted by 23,000 jobs, a jarring miss against forecasts calling for roughly 80,000 new positions. Within hours of the report’s release, the probability of a ...

The Trump administration is rolling back red tape for community banks to try to boost lending in the economy. The Office of the Comptroller of the Currency is updating a regulation known as the Community Bank Leverage Ratio framework to ...

Encore Capital Group, Inc. (NASDAQ:ECPG) just released its second-quarter report and things are looking bullish. The company beat expectations with revenues of US$492m arriving 8.1% ahead of forecasts. Statutory earnings per share (EPS) were US$2.81, 4.6% ahead of estimates. The ...