Aggressive debt collection tactics like frequent phone calls and legal threats do not recover distressed loans; structured refinancing and extended payment terms actually keep households paying. When money runs short, eight out of ten borrowers report severe financial strain, yet ...

The artificial intelligence investment boom is helping power the U.S. economy, but its absence would not necessarily push the country into a recession, according to Chicago Federal Reserve President Austan Goolsbee. The reason: Technology companies are not simply creating new ...

Federal consumer protection lawsuits climbed 31% in 2025 to their highest level in a decade, driven by sharp increases in credit reporting and telephone-related litigation, according to Lex Machina’s 2026 Consumer Protection Litigation Report. The upward trend continued into the ...

The U.S. Department of the Treasury is preparing to hire private debt collection agencies to pursue defaulted federal student loans, potentially opening a significant new pipeline of federal collection work as the Trump administration weighs restarting wage garnishment and federal ...

A New Mexico judge ordered Meta Platforms to pay $25 billion on Oct. 21 for misleading Facebook users about how the company collected, shared and protected their personal information, imposing the largest fine ever against the social media company. Meta ...

California’s Department of Financial Protection and Innovation has ordered American Recovery Service Incorporated to pay a $10,000 penalty after finding that the debt collector reported inaccurate, incomplete and unsupported information in its 2024 Debt Collection Annual Report. The consent order, ...

Federal regulators have sued California ticket broker REPS & Company Inc. and three executives, alleging they circumvented online purchasing limits to acquire more than 18.5 million event tickets and generate at least $120.8 million in resale profits. The Department of ...

SACRAMENTO, Calif. — Halloween is bringing more than candy and costumes to SAFE Credit Union branches across the Sacramento region. It's also an opportunity for families to introduce children to banking and build healthy money habits early. Through Oct. 31, ...

On October 22, 2026, the United States District Court for the Eastern District of California issued findings and recommendations in Rios v. Credence Resource Management, LLC, No. 2:26-cv-01801-DAD-CSK (PS), 2026 WL 3168847 (E.D. Cal. Oct. 22, 2026), recommending dismissal of ...