NEW YORK — Vroom’s indirect auto-finance business is showing signs of a credit-quality shift following the rollout of a redeveloped customer scoring model, with the company pointing to improved loss performance and stronger early results from vintages originated under the ...

Auto-loan performance remains under visible pressure, yet the market has not retreated from credit availability. Instead, lenders are continuing to originate loans—particularly through longer terms, refinancing and a larger subprime presence—while taking a more selective and data-driven approach to managing ...

A federal court in Maryland has concluded that a debt collector’s text message asking a consumer to provide an email address can qualify as a “communication” under the Fair Debt Collection Practices Act—even where the text did not state the ...

The first-of-its-kind AI decisioning layer instantly turns a verified small business application into an accurate decision, inside the institution's own underwriting playbook, clearing manual review queues that stall good businesses and revenue ORLANDO, Fla., Aug. 25, 2026 (GLOBE NEWSWIRE) -- ...

A missed buy now, pay later payment is usually not a one-time inconvenience. In 2026, it can trigger an automated payment retry, a provider late fee, a bank overdraft or nonsufficient-funds charge, loss of access to future BNPL credit, and—if ...

Merger to become effective Sept. 1, strengthening service, financial stability and member opportunities TAMPA and MERRITT ISLAND, Fla.– Launch Credit Union members have approved the proposed merger with Suncoast Credit Union following a 45-day voting period conducted earlier this summer, ...

By Credit and Collection News Staff Meta Platforms has agreed to a sweeping multistate settlement worth up to $17.1 billion, resolving claims that Facebook and Instagram were designed with addictive features that harmed young users and misled the public about ...

WROCLAW, Poland — Polish debt purchaser and servicer KRUK reported a 12% year-over-year decline in second-quarter net profit, despite higher pre-tax earnings, as a materially less favorable income-tax comparison and weakness in Romania weighed on the bottom line. Net profit ...

Treasury Secretary Scott Bessent said the Trump administration expects to announce sanctions against a financial institution by the end of the week, signaling a potentially consequential escalation in Washington’s campaign to isolate Iran from international commerce and finance. The secretary ...