Capital One reported May 2026 monthly charge-off and delinquency metrics, including domestic credit card and auto portfolio balances, charge-offs and delinquency rates. Key Highlights: Domestic credit card period-end loans held for investment: $257,997 million; net charge-offs: $1,022 million (annualized rate ...

Bank regulators in the United States and globally are intensifying their oversight of artificial intelligence (AI) in lending and underwriting, signaling a shift toward more aggressive supervision of automated decision-making tools that directly impact consumers’ access to credit. In recent ...

President Donald Trump nominated former CFPB deputy director and current Capital One executive Brian Johnson to a five-year term as director of the agency. The nomination was announced by the White House Wednesday (June 10). Johnson held four positions at the CFPB between December ...

The U.S. Federal Trade Commission (FTC) warned that Americans lost $3.5 billion to imposter scams in 2025, with reported losses nearly tripling since 2020. Imposter scams were also the most reported fraud category last year, accounting for nearly one in ...

Hi TCPAWorld! In Neal v. Transworld Systems, Inc., No. 25-218-JLH-EGT, 2026 WL 1678891 (D. Del. June 10, 2026), the United States District Court for the District of Delaware issued a Report and Recommendation recommending summary judgment for debt collector Transworld Systems on ...

RICHMOND, Va. — Richmond's Department of Public Utilities is temporarily suspending utility service disconnections, flow restrictor installations, and late fees as they work to resolve a payment processing issue. According to the DPU, some customers' recent utility payments are not ...

Fewer Americans expect to apply for new credit or refinance existing debt over the next year, according to TransUnion's Q2 2026 Consumer Pulse Study, with the sharpest pullback coming from higher-income households that have remained among the most active borrowers ...

AI is moving from buzzword to backbone in fintech, reshaping how firms acquire customers, price and manage risk, fight fraud, and navigate an increasingly demanding regulatory environment. For credit and collections professionals, the question is no longer whether AI will ...

Foreclosure starts climb 13% year over year as mortgage costs squeeze homeowners. Foreclosure activity across the US pulled back slightly in May but continued its slow upward march on an annual basis, underscoring the financial strain still bearing down on ...