As the D.C. Circuit evaluates the legality of proposed CFPB layoffs, Stuart Levenbach’s nomination from the OMB serves as a tactical move to maintain Russell Vought as acting CFPB director into June 2026. The U.S. Court of Appeals for the ...

The Federal Deposit Insurance Corp. (FDIC) announced a consent order with Birmingham, Alabama-based SouthPoint Bank that concerns “charges of unsafe or unsound banking practices and/or violations of law or regulation relating to weaknesses in management, asset quality, capital, earnings, and ...

Student loan delinquencies and defaults are rising sharply, and the federal government is restarting aggressive collection tactics, including garnishing wages, tax refunds, and some benefits from borrowers in default. ​ What is happening now Serious student loan delinquency (90+ days ...

Corporate bankruptcies in the United States have jumped to their highest level in about 15 years, with hundreds of firms collapsing in 2025 as they struggle with a mix of elevated inflation, high interest rates, and aggressive new tariffs on ...

An Ohio appeals court has held that former homeowners in a Cuyahoga County tax‑foreclosure program cannot bring a damages lawsuit for alleged loss of equity, and instead must pursue mandamus to determine any compensation owed.​ What the appeals court decided ...

Don’t Hesitate to Use Existing Solutions Many bank employees are already using tech platforms, like Google and Microsoft, that have invested heavily in GenAI tools. Merely having employees experiment with these solutions that are at their fingertips can be a ...

AI is already becoming the core infrastructure of modern debt collection, but the future will be hybrid: AI will handle most routine work while humans focus on complex, sensitive cases. Agencies that do not adopt AI are likely to fall ...

Conexus Credit Union is urging the public to be cautious of scams and frauds this holiday season, especially with the company’s upcoming merger. Chief Risk and Compliance Officer Mark Millham says scammers often act during times of excitement or change ...

U.S. mortgage delinquencies have just spiked to about 3.85% of active loans in November 2025, the highest national rate in a little over four years, but much of this jump is tied to technical calendar and seasonal effects rather than ...