Credit and Collection News

November 11, 2026

Audit Finds CFPB Security Weaknesses Put Consumer And Financial Institution Data At Risk

The Consumer Financial Protection Bureau’s information security program remained ineffective for a second consecutive year, according to a federal watchdog audit that identified overdue vulnerability fixes, incomplete data inventories and potentially unsecured equipment at former regional offices. The findings raise ...

November 8, 2026

Elizabeth Warren expected to lead Senate banking committee in January

Sen. Elizabeth Warren is expected to become chair of the Senate Committee on Banking, Housing and Urban Affairs when Democrats take control of Congress in January, giving the Massachusetts Democrat expanded authority to investigate financial institutions and advance legislation affecting ...

November 8, 2026

CFPB Narrows Supervision And Enforcement, Closes 86% Of Outstanding Supervisory Actions

Debt collection and credit reporting remain priorities as the bureau cuts scheduled examinations and emphasizes measurable consumer harm and voluntary remediation. The Consumer Financial Protection Bureau is substantially narrowing its supervisory and enforcement activity, closing most of its outstanding supervisory ...

November 9, 2026

AI-Driven Tech Layoffs Could Trigger a 1.6 Million Job Recession

When Meta began laying off 8,000 people in May, it felt like an omen. Meta, the parent company of Facebook, Instagram and WhatsApp, had seen several high-profile failures, from the death of the metaverse to its multibillion-dollar court setbacks. The ...

Squaretalk and Key IVR Highlight Partnership for More Efficient Debt Recovery

November 10, 2026

Squaretalk and Key IVR Strengthen Partnership to Support Debt Collection Firms

Squaretalk and Key IVR Highlight Partnership for More Efficient Debt Recovery Together, Squaretalk and Key IVR make settling a debt easier: customers respond on the channel they prefer and pay securely in the same interaction, with compliance built in at ...

November 12, 2026

HSBC Explores Risk Transfer Deals Involving $7 Billion in Corporate Loans

HSBC Holdings is working on two significant risk transfer transactions tied to approximately $7 billion in corporate loans in the United States and Asia-Pacific, a move that would shift a portion of potential credit losses to investors while helping the ...

November 9, 2026

U.S. Regulators Helped Set Global Banking Rules, Drawing Concerns

Why It Matters Three U.S. banking agencies took an active part in developing international banking standards from 2010 through 2025, according to a new report by the U.S. Government Accountability Office (GAO). Along with other standard-setting bodies, the Federal ...

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November 12, 2026

FDIC Flagged 63 Problem Banks as Credit Losses and Interest-Rate Pressures Mounted

Editorial note: The figure of 63 banks comes from the FDIC’s first-quarter 2024 report, released May 29, 2024—not a new warning. The agency identified “problem banks” but did not predict that all 63 would fail. The article below reflects that ...

November 10, 2026

OCC Shifts Examiners to Handle Surge in Bank-Charter Applications

The Office of the Comptroller of the Currency is reassigning bank examiners to review a surge in bank-charter applications, stretching staffing resources as the agency promotes new entrants into the banking system, according to a Nov. 10 Bloomberg report. The ...

November 8, 2026

Vancouver Payment Processor Agrees to $600K Settlement Over Alleged Hidden Fees, Deceptive Contracts

Vancouver, Washington-based Riverside Payments has agreed to a proposed $600,000 settlement with the Federal Trade Commission and Washington state to resolve allegations that it misled small businesses about processing costs, concealed fees and made contracts difficult to cancel despite promises ...

The exchange for the debt economy

Treasury Moves To Hire Student-Loan Collectors After Six-Year Hiatus

November 12, 2026 Headline News

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April 14, 2027

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Audit Finds CFPB Security Weaknesses Put Consumer And Financial Institution Data At Risk

Elizabeth Warren expected to lead Senate banking committee in January

CFPB Narrows Supervision And Enforcement, Closes 86% Of Outstanding Supervisory Actions

AI-Driven Tech Layoffs Could Trigger a 1.6 Million Job Recession

Squaretalk and Key IVR Strengthen Partnership to Support Debt Collection Firms

HSBC Explores Risk Transfer Deals Involving $7 Billion in Corporate Loans

U.S. Regulators Helped Set Global Banking Rules, Drawing Concerns

FDIC Flagged 63 Problem Banks as Credit Losses and Interest-Rate Pressures Mounted

OCC Shifts Examiners to Handle Surge in Bank-Charter Applications

Vancouver Payment Processor Agrees to $600K Settlement Over Alleged Hidden Fees, Deceptive Contracts

Treasury Moves To Hire Student-Loan Collectors After Six-Year Hiatus

Family Dollar Reaches $63 Million Settlement With FTC, 17 States Over Customer Overcharges

FDIC Flagged 63 Problem Banks as Credit Losses and Interest-Rate Pressures Mounted

Treasury Moves To Hire Student-Loan Collectors After Six-Year Hiatus

Family Dollar Reaches $63 Million Settlement With FTC, 17 States Over Customer Overcharges

FDIC Flagged 63 Problem Banks as Credit Losses and Interest-Rate Pressures Mounted

Microsoft Outlook, Teams Outage Disrupts Business Communications, Raises Concerns for Credit and Collections

Guardian Report Outlines How Trump CFPB Gave ‘Corporate Pardons’ to Companies Accused of Illegally Ripping Off Consumers

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