Credit and Collection News

October 16, 2024

Experian and Sardine agree fraud prevention partnership

Experian has announced a new partnership with Sardine, the specialist in behavioural biometrics and device intelligence-based fraud prevention. As online attacks and scams become increasingly sophisticated with the use of GenAI deep fakes, mobile emulators, advanced bots, and VPNs, it’s ...

October 14, 2024

SAFE Credit Union Now Offering Digital Gift Cards from National Retailers

The move is the latest initiative by SAFE to provide members with top-notch digital banking experiences. FOLSOM, Calif., Oct. 14, 2024 /PRNewswire-PRWeb/ -- To provide an additional benefit to members, not-for-profit SAFE Credit Union now offers a rewards program with ...

October 11, 2024

Rome Federal Credit Union to celebrate International Credit Union Day with open house

ROME — Rome Federal Credit Union, 937 Seneca St., will join credit unions worldwide in celebrating the 76th anniversary of International Credit Union Day on Thursday, Oct. 17. In honor of this global celebration, Rome Federal Credit Union invites its ...

October 15, 2024

NJ wipes out another $120M in medical debt for 77,000 more residents

🔰Another $120M in medical debt is being erased in NJ 🔰NJ and non-profit Undue bought more past-due debt 🔰Follows $100M debt forgiveness in August TRENTON – About 77,000 New Jersey individuals and families will have some or all of their ...

October 16, 2024

Many Americans Are Car Poor From Their Auto Loans

Many Americans are car poor from their auto loans. Here’s why.© Washington Post illustration; iStock Many Americans are car poor. A recent Edmunds report found a disturbing trend: An increasing number of consumers with auto loans had negative equity, meaning ...

October 15, 2024

Credit unions’ urgent warning to members of potential data breach

One of Ireland's largest credit unions has sent a security alert to its members - with the possibility that others may soon follow as it emerges they use a commonly employed third-party service. Ballincollig Credit Union fired off an email ...

October 16, 2024

Harris plan to give forgivable loans to black men would collide with Constitution

Vice President Kamala Harris’s proposal to provide fully forgivable loans to black entrepreneurs would likely be challenged in court as unconstitutional. This week, Harris proposed giving a million loans, forgivable up to $20,000, to “black entrepreneurs and others who have ...

Mortgage default rates among households have increased, according to the Bank of England’s Credit Conditions Survey

October 10, 2024

Mortgage default rates rise with households ‘still struggling’

Mortgage default rates among households have increased, according to the Bank of England’s Credit Conditions Survey© PA Archive/PA Images Asurvey of lenders indicates that household mortgage default rates have risen in recent months and are anticipated to increase further in ...

October 12, 2024

Local woman will serve federal prison time for debt collection scheme

BUFFALO — A Niagara Falls woman has been sentenced to just under two years in federal prison for her role in a scheme involving what prosecutors have called “fraudulent debt collection companies” operating out of the Falls, Grand Island and ...

October 12, 2024

Mortgage default rates rise

Latest Bank of England of England data has reported that lenders have seen mortgage defaults rose in the three months to the end of September and are expected to do so again in the last three months of 2024. The recent ...