Credit and Collection News

October 19, 2026

FinCEN Flags $270 Million In Suspicious Activity Linked To Student Aid Fraud

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 ...

October 19, 2026

OCC Report Finds Debanking at Nine Major US Banks

The Office of the Comptroller of the Currency (OCC) has found that nine major US banks restricted access to financial services based on customers’ political or religious views and lawful business activities. The report, published on October 14, examined close ...

October 22, 2026

Wells Fargo Names Santos Consumer Banking Chief, Gives Van Beurden Full-Time AI Role

Wells Fargo has named Kleber Santos sole CEO of Consumer Banking and Lending, while Saul Van Beurden will focus exclusively on leading artificial intelligence across the company, separating responsibilities the executives had shared since last year. The changes, announced Oct ...

October 25, 2026

FTC is mailing over 65,000 checks after Walmart failed to stop money-transfer scammers

The Federal Trade Commission is mailing more than $9.8 million in refund checks to 65,022 consumers following a settlement over allegations that Walmart failed to prevent scammers from exploiting its money-transfer services. The agency announced the payments Oct. 15. The ...

October 22, 2026

FTC Warns of Scam Calls Threatening to Deactivate Consumers’ Phone Numbers

Scammers posing as Federal Trade Commission officials are threatening to deactivate consumers’ phone numbers, then steering them into a fake police investigation designed to steal personal information and money, the agency warned in an Oct. 22 consumer alert. The scheme ...

October 25, 2026

New York Court Upholds Foreclosure Dismissal After Fannie Mae Waited Three Years To Seek Default Judgment

Ruling highlights the consequences of missing New York’s deadline for pursuing judgment against a defendant who fails to answer a complaint. A New York appeals court has unanimously upheld the dismissal of a Fannie Mae foreclosure action after the mortgage ...

October 20, 2026

CFPB Seeks OMB Approval to Continue Post-Complaint Consumer Feedback Survey

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 ...

October 22, 2026

Gayla Huber Appointed to CFPB Consumer Advisory Board Following Kansas City Fed Nomination

Gayla Huber, president and founding partner of IntegriShield, has been appointed to the Consumer Financial Protection Bureau’s Consumer Advisory Board following a recommendation from the president of the Federal Reserve Bank of Kansas City, according to an Oct. 22 announcement ...

October 25, 2026

U.S. Economy Defies Odds as Consumer Spending Remains Strong

U.S. consumers continue to support economic growth despite persistent inflation and pressure on household budgets, but the latest figures carry a warning for lenders and collectors: strong spending does not necessarily mean stronger household finances. Retail and food services sales ...

Loan advertisement flyers scattered on a street in Seoul. Yonhap News - Seoul Economic Daily Finance News from South Korea

October 20, 2026

Debt Collection Outsourcing Jumps 7.6 Trillion Won in Korea

Loan advertisement flyers scattered on a street in Seoul. Yonhap News The volume of debt that South Korean financial firms hand over to outside collection agencies rose by more than 7.6 trillion won ($5.3 billion) over the past year, with ...

The exchange for the debt economy

NYC Energy Compliance 2026: Local Laws 97, 87, 88, and 84

October 25, 2026 Headline News

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The exchange for the debt economy

FinCEN Flags $270 Million In Suspicious Activity Linked To Student Aid Fraud

OCC Report Finds Debanking at Nine Major US Banks

Wells Fargo Names Santos Consumer Banking Chief, Gives Van Beurden Full-Time AI Role

FTC is mailing over 65,000 checks after Walmart failed to stop money-transfer scammers

FTC Warns of Scam Calls Threatening to Deactivate Consumers’ Phone Numbers

New York Court Upholds Foreclosure Dismissal After Fannie Mae Waited Three Years To Seek Default Judgment

CFPB Seeks OMB Approval to Continue Post-Complaint Consumer Feedback Survey

Gayla Huber Appointed to CFPB Consumer Advisory Board Following Kansas City Fed Nomination

U.S. Economy Defies Odds as Consumer Spending Remains Strong

Debt Collection Outsourcing Jumps 7.6 Trillion Won in Korea

NYC’s Proposed POWER Act Could Expand Private Lawsuits Against Creditors And Collectors

Illinois Court Requires Concrete Harm for Standing

California Court Recommends Dismissal Of Three TCPA Claims Against Debt Collector

NYC’s Proposed POWER Act Could Expand Private Lawsuits Against Creditors And Collectors

Illinois Court Requires Concrete Harm for Standing

California Court Recommends Dismissal Of Three TCPA Claims Against Debt Collector

21st Century ROAD To Housing Act Brings New Mortgage, Banking And Borrower Counseling Provisions

U.S. Home Repossessions Jump 42% As Foreclosure Activity Climbs

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