The House Financial Services Committee has advanced legislation that would further restrict the Consumer Financial Protection Bureau’s involvement in insurance-related matters, reinforcing state insurance regulators’ primary authority over the business of insurance. The proposal is part of a broader Republican-led ...

New York City is inching closer to scrapping its controversial tax lien sale process with the creation of a new body tasked with overhauling the way the city deals with properties that have accumulated large tax debts or have otherwise ...

Ask Alexa to find a U.S.-made tool set and it might tell you it cannot access that information. Change the wording slightly, and suddenly it can. That gap, researchers say, is not a glitch. It is a choice. Sens. Tammy ...

The Consumer Financial Protection Bureau has stopped publishing the narrative portions of consumer complaints and will cease related public visualizations—an important rollback in the public visibility of complaints involving debt collection, credit reporting, payday lending and other consumer-finance markets. The ...

NORFOLK, Va. — PRA Group Inc. announced that Owen James, president of PRA Group Europe, plans to retire from the role effective Dec. 31, 2026. James will remain with the global nonperforming-loan purchaser and servicer in an advisory capacity through ...

WASHINGTON, D.C. — Multiple financial-services industry associations are calling on the full Senate to quickly confirm Brian Johnson as director of the Consumer Financial Protection Bureau after the Senate Banking, Housing and Urban Affairs Committee advanced his nomination in a ...

Digital commerce, subscriptions and delivery are becoming the default pathways for everyday spending—creating new engagement opportunities, but also new payment, affordability and collections considerations. SAN FRANCISCO — Consumers are increasingly choosing to shop, eat, stream entertainment and manage household needs ...

Subprime auto lender Credit Acceptance Corp. has reached consent judgments with New York and 40 other state attorneys general, resolving a 2023 New York lawsuit and a multistate investigation dating to 2020. The agreement combines $75.5 million in payments with ...

The Defense Credit Union Council is urging the Federal Deposit Insurance Corp. to revise its proposed bank-merger rule before finalization, arguing that the framework should not impose a separate or more burdensome standard on credit unions seeking to acquire banks ...