Multistate agreement requires $634 million in debt cancellation, creates a $60 million restitution fund and imposes new underwriting, collections and dealer-oversight requirements. Credit Acceptance Corp. will cancel an estimated $634 million in auto-loan debt under a sweeping settlement with 40 ...

Court filings in Virginia and other states show that medical providers continue to use lawsuits, garnishments and liens to pursue unpaid balances—despite expanding state protections, hospital financial-assistance requirements and growing scrutiny of medical-debt collection practices. Unpaid medical bills continue to ...

An automated debt collection mechanism has been launched in Ukraine, enabling the identification of debtors’ bank accounts and e-wallets. State-owned banks have already connected to the system, and all banks in the country are expected to join by October. The ...

The FCC is poised to reshape its recently adopted TCPA consent-revocation framework, giving creditors, collection agencies and other high-volume callers more flexibility to preserve wanted informational communications after a consumer opts out of a particular call or text category. The ...

Ruling finds CFPB leadership could not use the Federal Reserve’s interest expenses as a basis to stop requesting funds for the agency. A federal judge in Oregon has rejected the legal theory used by former Consumer Financial Protection Bureau Acting ...

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 ...

South Korean court data highlight a widening generational divide in financial distress, with implications for creditors, collectors and policymakers confronting an aging debtor population. By Credit and Collection News Staff A sharp increase in bankruptcy filings among older South Koreans, ...

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), ...

On Sept. 9, 2026, the Federal Communications Commission released a draft Report and Order and Further Notice of Proposed Rulemaking  that would, if adopted, substantially revise its consent and opt-out requirements for calls and texts, which the draft references collectively ...