Credit and Collection News

May 26, 2026

BBC Deploys Debt Collectors To Recover Millions In Unpaid Fees

Facing a catastrophic financial shortfall that threatens its core operations, the British Broadcasting Corporation has escalated its enforcement tactics, deploying private debt collection agencies to recover an estimated £550 million lost to widespread licence fee evasion. The controversial crackdown reflects ...

Here's a new corporate card startup, backed by $157M in equity, debt ...

May 26, 2026

Another fintech startup files for bankruptcy and shuts down

A well-funded fintech startup called Parker has filed for bankruptcy and effectively shut down its operations, marking another high-profile failure in the sector. What just happened Parker, which offered corporate credit cards and banking services for e‑commerce businesses, filed for ...

May 26, 2026

More Americans miss payments on popular buy now, pay later loans

SALT LAKE CITY (KUTV) — More Americans are turning to buy now, pay later loans, or BNPL, to cover purchases — including groceries — as rising costs continue to strain household budgets. While BNPL can help people who are short ...

May 27, 2026

Fintech platform Skyro more than doubles loan disbursements in the Philippines in 2025

Skyro, a consumer lending-focused fintech in the Philippines, more than doubled its loan disbursements in 2025, reflecting rapid scale-up in point-of-sale and cash lending to underserved retail borrowers. Key 2025 growth metrics Skyro’s total loan disbursements in 2025 exceeded twice ...

May 27, 2026

The Future of TCPA Risk Is Here

TCPA risk seems to be dropping everywhere you look. The Supreme Court recently limited the TCPA’s ATDS defintion. The Fifth Circuit recently held express written consent is not needed for marketing calls. The Seventh Circuit seems ready to hold SMS ...

May 27, 2026

Defaults creep higher in leveraged credit markets

Credit markets are navigating one of their most challenging environments in years, with default rates climbing across both public and private debt. The consequences could extend beyond individual borrowers as a result of the relationships between lenders, investors, insurers, and ...

May 27, 2026

CFPB Sued In Lawsuit Challenging Rollback Of Fair Lending Protections

The National Fair Housing Alliance (NFHA) and a coalition of civil rights advocates have filed a high‑stakes lawsuit against the Consumer Financial Protection Bureau (CFPB) and Acting Director Russell Vought, alleging that a new fair lending rule unlawfully dismantles decades ...

New York Fed: Consumer delinquencies hit highest level in nearly a ...

May 25, 2026

Consumer Delinquencies Remain At Comfortable Levels

“Consumer Delinquencies Remain At Comfortable Levels” is the headline of a short market commentary piece arguing that, despite recent increases in late payments, U.S. consumer delinquencies are not yet at levels that typically precede a deep recession. What that headline ...

May 24, 2026

Vermont Leads Mortgage Delinquency Increase

With the rate of mortgage delinquency rising in most states, WalletHub released its updated report on the "States Where Mortgage Delinquency Is Increasing the Most" to show where home loans have become least affordable from Q4 2025 to Q1 2026 ...

May 28, 2026

CFPB Orders All Staff Back To Washington As Administration Tightens Grip

The Consumer Financial Protection Bureau (CFPB) has ordered all staff to return to its Washington, D.C. headquarters, marking one of the clearest signals yet that the Trump administration is reasserting centralized control over the agency as part of a broader ...