Saying that taking action against payment processors is an effective way to reach foreign and domestic businesses that scam consumers, the FTC has announced it has settled with two such processors, Nuvei and Humboldt Merchant Services. “Payment processors are crucial ...

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: ...

“The September data shows a clear escalation in business cash flow pressure. Businesses are not just paying a few days later. We’re seeing a growing share of invoices drift into serious delinquency, with one in 10 now more than 60 ...

Consumers have kept the economy moving without a boost in confidence about where it is headed. The Federal Reserve’s October Beige Book, released Wednesday (Oct. 14), found economic activity increased in nine of its 12 districts, but consumer spending showed ...

St. Paul’s beleaguered Summit Brewing Company has received a lifeline. In a brief news release, the brewery said its loans, previously held by BMO Bank, have been acquired by a new lender, which is working with the company on a ...

The Financial Stability Board on Oct. 15 finalized 12 sound practices for responsible artificial intelligence adoption, emphasizing board-level accountability, human oversight, data quality and management of third-party technology risks as financial institutions expand their use of AI. The final report, ...

NORFOLK, Va., Oct. 15, 2026 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loan portfolios, will report its third quarter 2026 results after market close on Thursday, November 5, 2026, followed by a ...

The Consumer Financial Protection Bureau announced Oct. 14 that it will investigate whether major banks violated federal consumer financial laws through debanking practices, following an Office of the Comptroller of the Currency report criticizing restrictions tied to customers’ political or ...

Canada’s reported mortgage application fraud rate is falling, but increasingly sophisticated fake documents may be allowing some fraudulent applications to escape detection, warns Equifax Canada’s Carl Davies. In an interview with Canadian Mortgage Trends, Equifax’s head of fraud and identity ...