WASHINGTON, D.C. — The District of Columbia’s sweeping Medical Debt Mitigation Amendment Act of 2026 has cleared the District’s legislative process and is projected to take effect Sept. 18, creating a broad prohibition on medical-debt credit reporting while imposing new ...

New federal rules on student loan borrowing and repayment are tightening limits and narrowing options for millions of American borrowers, and the effects will not stop at the campus gate. US student loan balances are widely reported at around 1.6 ...

CBP has awarded collection contracts to private agencies pursuing immigration-related civil debts, and an investigation found one $1.8 million fine rose to roughly $2.4 million after administrative costs and penalties were added. Private debt collectors are playing a growing role ...

WASHINGTON — House Republicans have introduced sweeping legislation that would fundamentally reshape the Consumer Financial Protection Bureau’s funding, enforcement authority, supervision and rulemaking process—changes that could have broad implications for banks, lenders, fintechs, debt collectors and other consumer-finance companies. The ...

A federal court in Minnesota has dismissed a proposed Fair Debt Collection Practices Act class action challenging a collection agency’s use of text-message hyperlinks to deliver debt-validation information. The ruling provides a favorable pleading-stage result for agencies using digital communications, ...

In a recent turn of events, the Office of the Comptroller of the Currency (OCC) has given Revolut a preliminary green light to establish a national bank. This in turn would allow the firm to build and operate its own ...

US Bank filed for foreclosure in May 2023. The homeowner, who handled the appeal herself, raised six arguments: that the bank lacked standing because the assignment chain was defective, including a 2020 transfer she called "fraudulently recorded"; that the bank ...

Federal regulators and 22 state attorneys general have sued Amazon, alleging the e-commerce giant secretly manipulated its advertising-auction systems and overcharged roughly 1.2 million advertisers by more than $20 billion since 2019. Amazon disputes the claims, calling the suit misguided ...

TransUnion is shaking up how it calculates credit scores, expanding its range from 0 to 710 to a maximum of 999.  The credit reference agency says its new system will look at a broader range of information, including how your ...