Kolkata: The share of early stage delinquency in microfinance loans rose in April while the sector's overall credit risk eased, data from CRIF high Mark showed. The portfolio at risk (PAR) for the 1-30 day bucket inched up to 0.8% ...

The Consumer Financial Protection Bureau (CFPB) and the Financial Crimes Enforcement Network (FinCEN) are signaling a sharper regulatory focus on underwriting practices, customer identification, and compliance risks tied to non–work authorized populations—raising important implications for creditors, debt collectors, and fintech ...

CFPB Steps In to Support Bilt Customers Amid Bank Partner Transition The Consumer Financial Protection Bureau (CFPB) is taking action to assist consumers affected by fintech platform Bilt’s transition to a new bank partner, highlighting ongoing regulatory scrutiny of bank-fintech ...

A debt collector is suing state Rep. Kalan Haywood of Milwaukee for missing payments on almost $6,000 of credit card debt. His spokesman said the legislator denies having any such debt in collections. By Annie Pulley, THE BADGER PROJECT A collection ...

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 ...

April marked the first time in more than a year that claims under all three major consumer protection statutes increased month-over-month. Consumer litigation activity increased across the top three consumer protection statutes in April, according to the latest WebRecon report. TCPA lawsuits rose ...

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 ...

Bank of America is countering concerns that artificial intelligence will sharply reduce hiring by bringing in about 2,000 summer interns this year, even as it continues to expand its use of AI across operations, according to a Bloomberg report. The ...

America’s Credit Unions is throwing its support behind a proposed National Credit Union Administration (NCUA) rule change that would expand and modernize membership eligibility standards, a move the trade group says is critical to maintaining competitiveness and improving financial inclusion ...