North Dakota banks and credit unions are working with the state-owned Bank of North Dakota to test a dollar-backed digital payment system designed to move money between financial institutions faster and at lower cost than traditional transfers. The initiative, called ...

A federal judge in California has allowed a Telephone Consumer Protection Act lawsuit against a collection agency to proceed on allegations involving prerecorded calls, even though the consumer failed to establish that the company used an automatic telephone dialing system ...

Four major retailers face proposed class action lawsuits in California federal courts alleging their text-message marketing campaigns violated the Telephone Consumer Protection Act, with complaints targeting early-morning solicitations, do-not-call protections and messages allegedly sent after an opt-out request. The separate ...

The Financial Crimes Enforcement Network has identified approximately $270 million in suspicious financial activity potentially tied to federal student aid fraud and referred its findings to federal investigators, the Treasury Department announced Oct. 19. The findings stem from a review ...

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 ...

New data from the Federal Reserve Bank of Philadelphia’s Consumer Credit Explorer (CCE) offer insights into consumer credit conditions in the Federal Reserve’s Third District states: Delaware, New Jersey, and Pennsylvania. This article uses data from the CCE to highlight ...

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 Consumer Financial Protection Bureau is seeking to extend federal approval for a survey that allows consumers to provide feedback after companies respond to their complaints. Creditors, debt collectors and other stakeholders have until December 14, 2026, to comment on ...

Auto lenders are using loan modifications and payment extensions to help delinquent borrowers avoid repossession, seeking to preserve repayment relationships as consumers struggle to keep their vehicles. But the strategy raises a critical question for the credit and collections industry: ...