Credit and Collection News

March 9, 2026

Fraudulent call centre industry in Georgia: power, money and selective justice

The article is based on a new study by the organisation Transparency International Georgia (TI). _______________________________ In recent years, information about fraudulent call centres operating in Georgia has periodically appeared in investigations by both local and international media. Millions of ...

March 12, 2026

FTC plans $47M payout for renters allegedly misled by landlord giant

Show Caption Hide Caption Walmart to pay $100M FTC settlement over delivery driver pay Walmart will pay $100M to settle FTC claims it misled delivery drivers about pay and tips, causing them to lose tens of millions in earnings. Scripps ...

March 12, 2026

Navigating the Saks Global Bankruptcy, the Roadmap Ahead

Saks Global is expected to emerge from bankruptcy proceedings before the end of the year with new ownership, a five-year business plan, and a strategy designed to better differentiate the merchandising and marketing of Saks Fifth Avenue and Neiman Marcus ...

March 10, 2026

FCC Moves To Address Offshore Call Centers And Foreign Robocalls

On March 5, the Federal Communications Commission (FCC) released a Notice of Proposed Rulemaking (NPRM) that the commission plans to vote on during its March 26 Open Commission Meeting. The proposal seeks to address offshore call centers, with a particular ...

March 11, 2026

FTC to refund more than $47 million to consumers allegedly deceived by Invitation Homes

The Federal Trade Commission said Wednesday that it will send a total of $47.2 million in refunds to hundreds of thousands of consumers who the agency alleges were deceived by Invitation Homes, the largest single-family home leasing company in the ...

March 11, 2026

Binance, PayPal, and Ripple join Mastercard’s massive new push into blockchain payments

Mastercard has launched a new Crypto Partner Program that brings together more than 85 companies from across the digital asset and payments industries, an effort to link blockchain technology more directly with the infrastructure that underpins global commerce. The program ...

March 12, 2026

Mortgage delinquency rates are slowly rising

Mortgage rates are the interest you pay to borrow money for *** home. Higher rates mean higher monthly payments because of accrued interest, which costs you more over the life of *** loan. The Federal Reserve set short-term interest rates, ...

March 13, 2026

Luxury retail giant cuts more than 1,200 jobs after bankruptcy filing

Luxury retailer Saks Global is cutting about 1,226 jobs and closing 12 Saks Fifth Avenue locations as part of its Chapter 11 bankruptcy restructuring. Who is cutting the jobs? The layoffs are at Saks Global, parent of Saks Fifth Avenue ...

March 9, 2026

Complaints About Debt Collections Surge

Complaints about debt collection have jumped sharply in the last year, with federal data showing a dramatic rise in reports of aggressive or abusive collectors. What’s happening Federal Trade Commission data indicates debt collection complaints rose about 200% per capita ...

March 11, 2026

Softening home prices, rising foreclosures underscore vulnerable Florida markets

Southern counties, especially in Florida, topped a list of local housing markets most vulnerable to declines from economic shocks at the end of 2025, conditions created by a matrix of intertwined factors like softening home equity levels and unstable job ...