NORFOLK, Va. — PRA Group Inc. has priced a private offering of $400 million in aggregate principal amount of 8.500% senior notes due 2033, with proceeds slated primarily to refinance outstanding borrowings under the debt buyer’s North American revolving credit ...

By Credit and Collection News Staff MIAMI BEACH, Fla. — Citi and Bank of America emerged as major winners at Global Finance magazine’s 2026 Treasury and Cash Management Awards ceremony, held alongside the Sibos conference in Miami Beach, underscoring how ...

American Express says its cards are now accepted at more than 190 million merchant locations worldwide, adding about 20 million locations this year as the company works to close a long-standing international acceptance gap with Visa and Mastercard. Acceptance outside ...

By: Credit & Collection News Staff California’s oldest continuously family-owned winery has entered Chapter 11 bankruptcy protection, seeking to restructure approximately $39 million in liabilities, preserve operations and secure a new investor after a debt-fueled expansion collided with post-pandemic weakness in ...

Six regional U.S. banks have failed in 2026, the most recent being Nano Banc on September 25th. That is the highest count of any year this decade, three times the two failures recorded in each of 2024 and 2025. By ...

Truist’s retreat from near-prime auto is the latest indication that large lenders are reassessing risk, profitability and capital demands in a segment dealers have long relied on to move vehicles to credit-challenged consumers. Major lenders are pulling back from non-prime ...

The Federal Communications Commission has unanimously approved significant revisions to its Telephone Consumer Protection Act consent-revocation rules, delivering key changes sought by ACA International and a coalition that included the American Bankers Association and the National Consumer Law Center. The ...

A federal judge ruled that former CFPB Acting Director Russell Vought violated statutory mandates by refusing to request operational funding from the Federal Reserve, siding with a coalition of 22 state attorneys general. In a ruling on the Consumer Financial ...

IRVINE, Calif., Sept. 25, 2026 /PRNewswire/ -- Sunwest Bank has acquired Nano Banc of Irvine, California in an FDIC-assisted acquisition. The Federal Deposit Insurance Corporation (FDIC) accepted receivership of Nano Banc from the Department of Financial Protection and Innovation (DFPI), ...