Reid Hoffman’s sweeping claim highlights how data-center construction, chips and software investment are supporting growth—but it also sharpens questions about concentrated credit exposure, project financing and the durability of the AI spending cycle. By Credit and Collection News Staff LinkedIn ...

A federal court in Maine has ruled that a mortgage debt buyer can be held vicariously liable under the Fair Debt Collection Practices Act for allegedly misleading collection and foreclosure communications sent by its loan servicer. A federal judge in ...

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 ...

Small businesses carrying between roughly $3.4 million and $7.5 million in debt could regain access to a faster, less costly route to Chapter 11 reorganization under legislation now awaiting President Donald Trump’s signature. For creditors and collection professionals, the change ...

As Prime Day promotions encourage consumers to split purchases into smaller installments, consumer advocates and regulators are urging shoppers to look beyond the “pay-in-four” pitch and consider the consequences of missed payments, repeat borrowing and reduced return protections. Buy now, ...

The Federal Deposit Insurance Corp. has ended the independent monitorship established to oversee workplace-culture reforms following a 2024 investigation that found pervasive failures to protect employees from sexual harassment, discrimination and other misconduct. The agency said the work now shifts ...

The Federal Communications Commission has adopted a final order that substantially reshapes how callers and text senders must process revocations of consent under the Telephone Consumer Protection Act. For collection agencies, creditors and servicers, the order replaces the impending “revoke-all” ...

SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) today announced it penalized The Kickin' Crab, LLC and The Kickin' Crab, Inc. for violating the California Franchise Investment Law (FIL) and misleading small business entrepreneurs. It is the ...

California debt collection licensees should now treat the annual DFPI assessment as both an immediate payment obligation and a broader reporting-control test. The invoice amount is driven in part by the licensee’s previously reported California Net Proceeds, making this a ...