Credit and Collection News

April 7, 2026

Credit unions partner with fintech to compete with big banks

Credit unions are increasingly using targeted fintech partnerships to deliver big-bank-quality digital experiences, expand products, and gain efficiency while preserving their cooperative, member-first model. Why credit unions need fintech Large banks’ bigger tech budgets and talent pools make it hard ...

April 9, 2026

Mixed Messages As Courts Rule On Text Messages Being “Calls” Under TCPA DNC Rules

There is not a new, unifying decision holding that text messages are or are not “calls” for TCPA Do‑Not‑Call (DNC) purposes; however the recent trend in the post‑Chevron / post‑Loper Bright landscape is confusing. Multiple federal district courts have recently ...

April 6, 2026

Scammers have switched to using QR codes in fake traffic violation texts — don’t fall for this

Scammers have a new way to try and steal your personal and financial information using QR codes and fake official-looking notices. Fortunately, it is possible to stay safe from this new tactic. According to a new report from Bleeping Computer, ...

April 11, 2026

The Average Credit Score in Your 30s and 40s

Based on recent data that specifically looks at people in their 30s and 40s, you can think about “average” in two common ways: by generation and by decade of age. By generation (most current, FICO-focused figures) Millennials (roughly ages 28–43 ...

April 10, 2026

Midcoast Federal Credit Union announces leadership promotion

Midcoast Federal Credit Union said that Christina M. Carter has been named president, effective April 1, as part of a planned leadership succession. It’s part of the transition as longtime President and CEO Joseph R. Gervais prepares for retirement. Once ...

Figure Technology Aims For $4B Valuation In Upcoming IPO - NMP

April 5, 2026

White House Scales Back Plan To Dismantle The CFPB But Still Wants To Slash Staff By Two-Thirds

The New Trump administration proposal that would shrink the CFPB from roughly 1,700 authorized positions pre‑second term to about 550, instead of the earlier plan to cut it down to roughly 200 staff. What the new plan does Reduces authorized ...

April 8, 2026

U.S. Corporate Bankruptcies Rise In March

Court-supervised bankruptcy filings in the U.S. are expected to remain elevated this year, according to data from S&P Global Market Intelligence. The reasoning is because “distressed companies continue to face pressure from debt refinancing at higher interest rates and, in ...

April 8, 2026

Texas Trust Credit Union Acquires Arlington Tower, Plans Multimillion-dollar Renovation

Texas Trust Credit Union is expanding its footprint in North Texas, as the Arlington-based institution is investing $28.7 million into a new headquarters at the eight-story, Class A Skymark Tower. In 2024, the credit union purchased Skymark Tower for about $8.7 million ...

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April 6, 2026

APG Federal Credit Union to open first Baltimore location

Here's a summary of what's happening with APGFCU's Baltimore expansion: APGFCU's Baltimore City Entry APG Federal Credit Union (Maryland's fifth-largest credit union) is opening its first-ever Baltimore City branch at The Can Company in the Canton neighborhood along Boston Street, ...

April 5, 2026

When Will Student Loan Collections Resume?

The U.S. Department of Education said one year ago that collections on defaulted student loans would restart, but it has still not fully done it. Federal student loan borrowers have not faced regular collections since before the COVID-19 pandemic, meaning ...