The Education Department has temporarily paused aggressive collection efforts on defaulted federal student loans, including wage garnishments and seizure of tax refunds and some federal benefits.​ What is being delayed? Involuntary collections such as Administrative Wage Garnishment (taking money directly ...

Experian’s new “Perceptions of AI” study finds that most major financial institutions now view AI as critical to their lending strategy, with usage rapidly expanding across the entire lending lifecycle. The research highlights both the expected benefits (efficiency, accuracy, risk ...

U.S. Senator Catherine Cortez Masto of Nevada is pushing new bipartisan legislation to give federally chartered credit unions more flexibility in how long they can extend many types of loans, potentially making borrowing cheaper and more accessible for consumers and ...

The High Court in London on 15 January 2026 ruled that the UK’s Payment Systems Regulator has the power to impose price caps on cross-border interchange fees, rejecting a legal challenge by Revolut, Visa and Mastercard. The judgment clears the ...

A 10% cap on credit card interest in the US would likely cut costs for many revolving cardholders but also tighten lending, reduce rewards, and shift how banks try to collect, which would reshape parts of the collections industry rather ...

A study examines the link between health care debt and the risk of losing one’s home, though the data leaves room for nuance regarding cause and effect. The relationship between medical debt and financial insolvency has long been a focal ...

Stop us if you have heard this story before. Senator John Fetterman has introduced the Credit Card Fairness Act, a bill that would cap most credit card late fees at $8 by writing this limit into federal law. It is ...

Japan saw about 10,300 corporate bankruptcies in 2025, the highest annual level in 12 years and the fourth straight yearly increase. The rise was modestly higher than 2024 (up 2.9% year on year) but still signals mounting pressure on especially ...

The number of corporate bankruptcies in Japan surpassed 10,000 for the second year in a row in 2025 as smaller businesses were hard hit by soaring labor costs and surging prices, Tokyo Shoko Research, a credit research firm, said Monday ...