Credit and Collection News

January 14, 2026

Debt collectors and banks have different expectations for new credit register

Banks want Estonia's new credit registry to include debts sold to collection agencies, but the industry resists, prompting renewed debate in the Riigikogu. Commercial banks want Estonia's planned positive credit registry to include information on debts that have been sold ...

January 17, 2026

Equifax Market Pulse Index Indicates Improved Financial Progress Among Consumers within Lower Credit Tiers

Third Quarter 2025 Market Pulse Index Shows Improvement Among Gen Z, With Wide Variability ATLANTA, /PRNewswire/ -- Equifax® (NYSE: EFX) today released its third quarter 2025 Market Pulse Index, which by the end of September 2025 rose slightly to 61.6, reflecting a ...

January 13, 2026

Wall Street CEOs Warn Trump To Stop Attacking The Fed And Credit Card Industry

Wall Street CEOs warn Trump: Stop attacking the Fed and credit card industry Wall Street bank chiefs are pushing back against President Donald Trump’s new attacks on the Federal Reserve and his bid to clamp down on credit card profits, ...

January 15, 2026

Consumers Warned By FTC Against Illegal Credit Repair Scams That Promise Quick Fixes

The Federal Trade Commission has warned that many “credit repair” services and social‑media tips promising quick fixes are illegal scams that can leave people worse off, financially and legally. These schemes often target people who urgently need better credit to ...

January 14, 2026

FTC Accuses AI Search Engine Of ‘Rampant Consumer Deception’

The headline refers to a new FTC lawsuit against an AI‑driven “answer” or search service that the agency says uses dark‑pattern tactics to trap people in paid subscriptions, not to a general ban on AI search. What the FTC is ...

Revolut schimba cardurile Mastercard cu Visa

January 15, 2026

Mastercard, Visa, Revolut Lose UK Suit Over Cross-Border Fees

Mastercard, Visa and Revolut have just lost a High Court challenge in London against the UK payments regulator over plans to cap certain cross‑border card fees. What the case was about The dispute concerned the UK Payment Systems Regulator’s (PSR) ...

January 14, 2026

Saks Global Files For Bankruptcy After Neiman Marcus Takeover Leads To Financial Collapse

Saks Global, the parent of Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman, has filed for Chapter 11 bankruptcy protection in the US after its debt‑funded takeover of Neiman Marcus left it unable to meet its obligations. Stores and websites ...

January 13, 2026

Auto Credit Access Hit 2-Year High

Auto credit access in the U.S. has improved sharply, hitting its highest level in about two years in December 2025, mainly because lenders are approving more loans and offering slightly better pricing. What “2‑year high” means Cox Automotive’s Dealertrack Credit ...

New Texas Laws Take Effect in 2024 - Orange County Local Scoop

January 12, 2026

New Texas Law Ends State Fee Collection On Certain Consumer Loans

A 2023 Texas law, House Bill 4738, has now taken effect and ends the state’s collection of small portions of certain consumer loan fees, without changing what borrowers pay or what lenders can charge. What the new law does HB ...

January 12, 2026

Conservative legal group targets CFPB rule mandating race, sex data in home loans

A Trump-aligned conservative legal group, America First Legal, has formally petitioned the Consumer Financial Protection Bureau (CFPB) to roll back a rule that requires mortgage lenders to collect and report applicants’ race and sex data. The group argues this mandate ...