By Credit and Collection News Staff The Federal Trade Commission has reached a proposed $12 million settlement with payment processor Humboldt Merchant Services, alleging that the company knowingly—or consciously avoided knowing—processed payments for more than 1,000 shell merchants used in ...

Google Cloud has unveiled Gemini Enterprise for Financial Services, a new agentic AI platform for financial professionals to automate and secure complex banking and capital markets workflows. It is among the first in a series of specialised, packaged industry solutions ...

Nine Navy Federal Credit Union members have voluntarily dismissed their claims in a proposed mortgage-discrimination class action, ending—for now—a closely watched lawsuit that had survived a key appellate ruling earlier this year. The dismissals remove the named borrowers from the ...

By Credit and Collection News  StaffStudents expecting federal loan funds to cover rent, transportation, food and other living expenses this summer instead faced weeks-long delays as colleges struggled to implement sweeping new federal student-loan rules. The disruption underscores a familiar ...

House Republicans introduced legislation Tuesday to significantly restructure the Consumer Financial Protection Bureau (CFPB), drawing criticism from former bureau officials and consumer advocates. The Consumer Financial Protection Accountability and Reform Act of 2026, H.R. 10184, was introduced by Rep. Andy ...

Mortgage lenders and brokers are being reminded to review their disclosure workflows, vendor controls and borrower-facing materials after the Consumer Financial Protection Bureau released updated guidance tied to its “Your Home Loan Toolkit.” The Consumer Financial Protection Bureau has released ...

HOUSTON - About 15,000 Houston water customers owing a combined $30 million are being targeted in the city's renewed effort to collect past-due utility bills. Despite an earlier statement from Mayor John Whitmire saying disconnections would begin Sept. 8, Houston ...

JACKSON, Miss. — New court filings by the National Credit Union Administration provide a more detailed look at the luxury spending and travel allegedly financed with millions of dollars misappropriated from Jackson Area Federal Credit Union, including an $88,275 Cartier ...

South Africa’s revenue service is stepping up efforts to recover unpaid taxes, with taxpayers facing tougher enforcement measures that can include money being taken directly from their bank accounts. The South African Revenue Service’s undisputed debt collection pool reached R532 ...