Credit and Collection News

Department of Consumer and Worker Protection Releases Workers' Bill of Rights | City of New York

March 1, 2026

DCWP Announces The Nation’s Strongest Consumer Protection Rules Against Predatory Debt Collection

New York City’s New SHIELD Rule Institutes a Strong Communications Restriction, Expands Consumers’ Dispute and Verification Rights, and Offers First-of-its-kind Protections for Collection of Medical Debt New York, NY – The New York City Department of Consumer and Worker Protection (DCWP) today ...

March 3, 2026

Multifamily CMBS delinquency rate lower in February

Trepp reported that the delinquency rate for multifamily commercial mortgage-backed securities (CMBS) fell in February after rising last month. The overall CMBS delinquency rate also fell. Overall CBMS delinquency rate drops For delinquencies, Trepp focuses on loans that are 30 ...

March 3, 2026

WebRecon Jan 2026 Stats

JAN LITIGATION STAT BREAKDOWN LITIGATION ANALYSIS Quick analysis: 2026 Kicks off with mixed results January 2026 numbers are in, and it shows TCPA (-1.4%) and FDCPA (-13.5%) numbers down from the previous month, while FCRA (+11.1%) litigation was up, along ...

March 3, 2026

Mastercard and Visa Cards Reach $10 Trillion in Spending in 2025

The Nilson Report Latest issue of the Nilson Report Shows Continued Growth for Visa and Mastercard in the US SANTA BARBARA, Calif., March 03, 2026 (GLOBE NEWSWIRE) -- Spending for goods and services generated by credit, debit and prepaid cards ...

March 4, 2026

Beacon Bank adopts Narmi One for digital banking platform

Beacon Bank, a newly formed $23.2 billion institution, has gone live on Narmi One to power its consolidated digital banking and account-opening platform across consumer and business channels. Deal overview Beacon Bank was created in September 2025 by combining Berkshire ...

Poll shows Cornyn losing to Paxton in Senate primary

March 3, 2026

Texas attorney general Paxton, US Senator Cornyn headed to Republican runoff

’Texas Republican primary for U.S. Senate is going to a May 26 runoff between incumbent Sen. John Cornyn and Texas Attorney General Ken Paxton after neither cleared 50% of the vote in a crowded field. What happened Cornyn finished first ...

March 2, 2026

California Court Grants Summary Judgment To OppFi, Rejects DFPI “True Lender” Theory

By Alan S. Kaplinsky & Joseph J. Schuster on March 2, 2026 POSTED IN FINTECH, LITIGATION AND COURT DECISIONS, USURY In a very significant and potentially precedent-setting February 24, 2026 decision, the Los Angeles County Superior Court (Hon. Gary D ...

March 5, 2026

Water firms sent bailiffs to tens of thousands of homes for debts under £1,000

Tens of thousands of people a year have bailiffs sent to their homes by water companies in England and Wales, data shows. Many thousands of these visits by debt collectors were for sums worth under £1,000, according to the data ...

March 5, 2026

DCWP Sue Predatory Tow Truck Operator For Junk Fees, Overcharging Customers And Other Unlawful Practices

NEW YORK – Today, Mayor Zohran Kwame Mamdani and the New York City Department of Consumer and Worker Protection (DCWP) announced a lawsuit against Instant Recovery Corp., a Bronx-based tow truck operator, for allegedly engaging in predatory practices and repeatedly ...

March 4, 2026

California’s Record-Setting Enforcement Signals Heightened Privacy Oversight

California Attorney General announced on February 11, 2026, a record-setting $2.75 million settlement with The Walt Disney Company for systemic failures to honor consumer opt-out requests across streaming services and digital platforms required under the California Consumer Privacy Act (CCPA) ...