Debt collection has long been recognized as one of the most challenging roles in financial services—not only due to regulatory scrutiny and performance pressure, but also because of the frequent exposure to verbal abuse from consumers. While much of the ...

Luxury retailer Saks has secured court approval to exit bankruptcy after completing a sweeping financial restructuring aimed at stabilizing its balance sheet and preserving operations, marking a significant development for creditors and the broader retail finance landscape. The company’s Chapter ...

In summary Businesses and some lawmakers urge state leaders to reject the governor’s budget proposal to permanently limit R&D tax credits. Welcome to CalMatters, the only nonprofit newsroom devoted solely to covering issues that affect all Californians. Sign up for WhatMatters to ...

AG accuses Rapid Ruling and its founders of ‘repeated and persistent fraud, illegality, deception, and abusiveness’. The New York Attorney General has filed a lawsuit against an online arbitration provider that it alleges was secretly created with the assistance of ...

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 ...

The Federal Trade Commission said Wednesday that it is considering modifying or setting aside a 2022 settlement order with what was then Twitter for using account security data to support targeted advertising. Twitter, renamed X in 2023, filed a petition ...

In most regulated markets, debt collectors operate within a defined legal framework—bounded by consumer protection laws, licensing requirements, and oversight from regulators. In Venezuela, however, the concept of debt collection exists in a far more fragmented, informal, and often troubling ...

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 ...

The Federal Trade Commission is returning nearly $3 million to consumers deceived by the Golden Home Services, also known as Home Matters USA, mortgage relief scheme, which falsely promised to reduce homeowners’ mortgage payments and prevent foreclosures. In response to ...