Texas now ranks among the states with the highest business bankruptcy rates, posting the nation’s third‑highest filing rate and a year‑over‑year jump of 41 percent—developments that carry real implications for credit grantors and collection professionals operating in the state. Texas’ ...

The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) have launched parallel rulemakings to modernize insider lending rules by updating key dollar thresholds under Regulation O and aligning FDIC insider lending limits with those changes. The proposals aim ...

U.S. Customs and Border Protection is looking to hire a private company to find people the United States has already deported and collect unpaid immigration fines from them in Mexico, Honduras and Guatemala. It has given prospective bidders three business ...

To build the case, the state pointed to three loans. One traced back to a 2006 home purchase; another to a Chicago homeowner whose 2007 note changed hands several times before a foreclosure that is still pending in Cook County; ...

Why It Matters A new Congressional Research Service report on the FDIC's systemic risk exception has laid bare a central tension in how the government responds to banking crises: the tool was designed to resolve failing banks, but policymakers have ...

VyStar Credit Union is holding its Good Starts Here food drive throughout August to collect nonperishable donations for families in Florida and Georgia. The initiative, which began Aug. 1, accepts contributions at all branch locations through Aug. 31 to combat ...

WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) today announced the launch of a new Office of Supervisory Appeals (OSA) panel comprised of independent officials who will consider and resolve appeals of material supervisory determinations brought before the agency. The OSA is a ...

For decades, courts in TCPA litigation assumed that text messages qualify as “telephone call[s]” under Section 227(c)(5) of the Telephone Consumer Protection Act (TCPA), relying primarily on FCC regulations. That assumption now faces serious challenges. In the wake of the ...

New Leap Fund, South Korea’s state-backed “bad bank” for long‑term delinquencies, has now accumulated roughly 11.7 trillion won in overdue receivables and recently added another 2.6 trillion won to its portfolio, triggering an immediate halt to collection activity for hundreds ...