Two debt collection trade associations and at least one individual debt collector have filed a putative class action in San Francisco Superior Court against the California Department of Financial Protection and Innovation (DFPI), challenging the agency’s annual licensing fee structure ...

Neither the Covid-19 pandemic nor the cost-of-living crisis produced significant deterioration in average collections on established paying portfolios, according to analysis by credit management firm Intrum. Using advanced econometric techniques, Intrum examined the performance of proprietary portfolios of defaulted debt ...

T-Mobile will lay off 200 employees permanently from its call center off Lee Highway in Chattanooga, effective June 8, according to a notice filed with the state on Thursday. The wireless carrier cut 127 jobs at the same location in ...

Foreclosure filings continued to rise nationwide in the first quarter of 2026, with total activity up 26% from a year ago. There were a total of 118,727 U.S. properties with foreclosure filings during the three months of the year—with Indiana, South Carolina, and ...

QVC’s parent, QVC Group, has announced that it intends to file for Chapter 11 bankruptcy protection to restructure more than 5 billion dollars of debt, but it expects to keep operating during the case. What is happening QVC Group disclosed ...

BNPL delinquency is clearly rising on most consumer-survey measures, but charge‑off/defaultperformance is still relatively low compared with cards, at least so far. What’s actually growing? Multiple recent surveys show a steady increase in the share of BNPL users who have ...

Wall Street’s largest banks are flagging private credit, consumer credit, and commercial real estate as the main emerging risk areas, even as they insist that current conditions remain “benign.” Key message from big-bank earnings Across recent earnings calls and media ...

Five-year renewal underscores a shared focus on innovation, scalability, and an elevated member experience SAN RAMON, Calif., April 14, 2026--(BUSINESS WIRE)--Lumin Digital, the leading cloud-native digital banking provider, today announced that OneAZ Credit Union has renewed its partnership for an ...

The termination of the CFPB's lease and transfer of its headquarters signals the Trump administration's continued efforts to undermine the consumer protection agency. The U.S. Treasury's Office of the Comptroller of the Currency (OCC) has terminated the 14-year lease for ...