Credit and Collection News

October 8, 2026

Block, Parent of Cash App and Square, Faces FTC Probe Over Frozen Accounts

The US Federal Trade Commission is investigating Block Inc. following consumer complaints involving frozen accounts, according to a Bloomberg report published Thursday, bringing fresh regulatory attention to the financial technology company. The reported investigation centers on concerns about customers’ access ...

October 7, 2026

Chicago Ramps Up Debt Collection While Offering Relief To Struggling Residents

CHICAGO — Chicago is stepping up efforts to recover unpaid taxes, fines and fees while expanding access to payment plans and debt relief for financially struggling residents, pursuing a collection strategy that combines tougher enforcement with affordability as a December ...

October 11, 2026

Has Fair Isaac (FICO)’s Vaunted Moat Narrowed?

Fair Isaac Corporation (NYSE:FICO) has declined by over 34% since the end of March, compared to gains of over 42% by the Insider Monkey Billionaire Index. The company has spent decades turning a three-digit number into something far more valuable ...

October 6, 2026

Seniors Card Delinquencies Hit A 15-Year High

Older Americans are showing growing signs of credit stress, with the rate of credit card balances moving into serious delinquency among borrowers age 70 and older reaching its highest level in roughly 15 years. The increase highlights a developing risk ...

October 11, 2026

TCPA DNC Risk Is Suddenly Plummeting—But Court Divisions Keep Compliance Stakes High

Federal court decisions are giving businesses new defenses against Telephone Consumer Protection Act do-not-call lawsuits, challenging whether the law’s protections cover text messages, personal cellphones and even private claims involving the National Do Not Call Registry. But the emerging trend ...

October 12, 2026

As U.S. Medical Debt Burdens Persist, AI Is Poised For A Bigger Role In Collections

Hospitals and healthcare billing companies are using artificial intelligence to decide which patients to contact, how to pursue unpaid balances and when to offer financial assistance. With Americans owing hundreds of billions of dollars in medical debt, those tools could ...

Understanding Vehicle Repossession Laws: What You Need to Know in 2024 - Autoraiders

October 12, 2026

Colorado-Bonded Repossessor Named in $2.5 Million Vehicle Theft and Towing Investigation

Denver grand jury indicts 12 people on 187 counts; a towing business identified in the case reportedly appears on Colorado’s bonded repossessor registry. DENVER — A Colorado towing business registered as a bonded repossessor has been identified in a sweeping ...

October 8, 2026

Washington, D.C., Bans Medical Debt Reporting, Expands Collection Restrictions

New law prohibits providers and collectors from furnishing medical debt to credit bureaus while adding financial-assistance requirements, collection waiting periods and limits on recovery practices. Washington, D.C., has enacted a ban on reporting medical debt to consumer reporting agencies as ...

October 8, 2026

OCC Assesses $350 Million Civil Money Penalty Against American Express

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced a cease-and-desist order and a $350 million civil money penalty against American Express National Bank, Sandy, Utah (bank), for deficiencies in the bank’s Bank Secrecy Act (BSA) and anti-money laundering ...

October 8, 2026

CFPB Asks Seventh Circuit To Affirm $43M Judgment Against Student-Loan Debt-Relief Telemarketer

On September 24, the CFPB urged the U.S. Court of Appeals for the 7th Circuit to affirm a district court judgment of more than $43 million against a defunct student-loan debt-relief telemarketer and its operator, arguing that the operator’s arguments ...

The exchange for the debt economy

October 12, 2026 Headline News

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The exchange for the debt economy

Block, Parent of Cash App and Square, Faces FTC Probe Over Frozen Accounts

Chicago Ramps Up Debt Collection While Offering Relief To Struggling Residents

Has Fair Isaac (FICO)’s Vaunted Moat Narrowed?

Seniors Card Delinquencies Hit A 15-Year High

TCPA DNC Risk Is Suddenly Plummeting—But Court Divisions Keep Compliance Stakes High

As U.S. Medical Debt Burdens Persist, AI Is Poised For A Bigger Role In Collections

Colorado-Bonded Repossessor Named in $2.5 Million Vehicle Theft and Towing Investigation

Washington, D.C., Bans Medical Debt Reporting, Expands Collection Restrictions

OCC Assesses $350 Million Civil Money Penalty Against American Express

CFPB Asks Seventh Circuit To Affirm $43M Judgment Against Student-Loan Debt-Relief Telemarketer

CFPB’s 2025 Fair Lending Report Chronicles Major Shift In Fair Lending Examination, Supervision, And Enforcement

As U.S. Medical Debt Burdens Persist, AI Is Poised For A Bigger Role In Collections

OpenAI, Twilio Face TCPA Claims Over AI-Powered Marketing Calls

CFPB’s 2025 Fair Lending Report Chronicles Major Shift In Fair Lending Examination, Supervision, And Enforcement

As U.S. Medical Debt Burdens Persist, AI Is Poised For A Bigger Role In Collections

OpenAI, Twilio Face TCPA Claims Over AI-Powered Marketing Calls

Nickson v. TrueAccord Corp.: Vendor Proof Defeats ATDS Claim

California Sets New Licensing Rules For Small Business Financing

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