Recent Industry News

New Analysis of VantageScore 4.0 Mortgage Credit Score Validates Superior Performance

VantageScore August 12

Judge Grants Part of CRA’s MTD FCRA Case Over Loan Mod Reporting

AccountsRecovery.net August 12

Caller authentication updates would reduce fraud, consumer harm

America’s Credit Unions August 12

Wisconsin Appeals Court Affirms Judgment for CU

AccountsRecovery.net August 12

Judge Dismisses FDCPA Suit Against Servicer, CEO Over Statements Sent to Ex-Spouse

AccountsRecovery.net August 12

How Distressed Are Consumers? Reconciling Diverging Credit Card Delinquency Measures

Federal Reserve Bank of New York August 11

Attorney General James Sues Trump Administration to Protect Valuable Interest Payments to Homeowners

Office of the New York State Attorney General August 11

NYC Publishes Long-Awaited SHIELD Rule FAQs, Clarifying Scope Ahead of January Effective Date

AccountsRecovery.net August 11

Judge Tosses FCRA Suit, Orders Plaintiff’s Counsel to Explain Frivolous Arguments

AccountsRecovery.net August 11

TRID review triggers battle over refi rescission rules

National Mortgage News August 11

Louisiana bank agrees to FDIC consent order over credit quality

Banking Dive August 11

$30 AI Fraud Kits Are Letting Criminals Walk Right Past Facial Recognition

CU Today August 11

Mortgage Credit Availability Rises To Highest Level Since 2022

CU Today August 11

Student Loan Delinquencies Fall Sharply Across Most States As Repayment Stabilizes

CU Today August 11

Judge Rules Refusal to Pay Sent to One Collector Doesn’t Bind the Next One

AccountsRecovery.net August 11

FinCEN Permanently Ends Beneficial Ownership Reporting Requirements for Millions of Small Business Owners

Financial Crimes Enforcement Network August 11

Collector Facing Rosenthal Act, TCPA Suit Over Alleged Early-Morning Autodialed Calls

AccountsRecovery.net August 11

FTC Stops Sprawling Credit Repair Scheme that Scammed Consumers Out of Nearly $200 Million

Federal Trade Commission August 10

Senate confirms Crews to serve on NCUA board

America’s Credit Unions August 10

Lawsuit Challenging CFPB’s Revised ECOA Rule Moves Forward Under Lengthy Summary Judgment Schedule

Consumer Finance Monitor August 10

Fed updates BIC program as part of discount window modernization

ABA Banking Journal August 10

Method Financial CEO Says Lenders Spot Borrower Financial Distress Too Late

PYMNTS August 10

Report: Federal Home Loan Banks supported $8.4B in community lending in 2025

ABA Banking Journal August 10

FedNow extension wins support

Banking Dive August 10

FTC Ditches ‘Disparate Impact’

Federal Trade Commission August 7

Judge Denies MTD in FCRA Case Over Delinquency Reported After Lease Was Paid Off

AccountsRecovery.net August 7

Daily Digest – August 7. Deleted, Then Reinserted: Settled Debt Leads to FCRA, FDCPA Suit Against Collector, CRA; Deleted, Then Reinserted: Settled Debt Leads to FCRA, FDCPA Suit Against Collector, CRA

AccountsRecovery.net August 7

Judge Recommends MSJ for Collector in FDCPA Case Over Cease-Communication Request

AccountsRecovery.net August 7

One Call Center Left: Inside PRA Group’s Q2 Transformation

AccountsRecovery.net August 7

CDFI Fund Eases Rural Certification Standard, Lowering Threshold To 60%

CU Today August 7

The Real Cyber Threat Isn’t AI Attacks. It’s Your Employees Believing a Fake Voice

AccountsRecovery.net August 7

Consumer Credit - G.19

Board of Governors of the Federal Reserve System August 7

More Americans Have Access to Credit While Debt Growth Has Moderated

TransUnion August 6

CFPB Sends New Section 1033 “Open Banking” Proposal to OIRA for Review

Consumer Finance Monitor August 6

Building on States’ Medical Debt Protections: Closing Gaps in Standards, Access, and Enforcement

The Commonwealth Fund August 6

Attorney General Bonta Urges Federal Government to Protect Consumers, Deny Opportunity Financial Merger

California Department of Justice August 6

African Diaspora Federal Credit Union Closes

National Credit Union Administration August 6

Pennymac rolls out VA partial claim option ahead of November deadline

HousingWire August 6

FDIC Announces New Review Process for Deposit Insurance Applications

Federal Deposit Insurance Corporation August 5

FDIC Launches New Office of Supervisory Appeals

FDIC August 4

UBS to Pay $125M in AML Penalties

Banking Dive August 3

Has the Proportion of Subprime Credit Card Accounts that Revolve their Balances Changed from 2015 to 2024?

Consumer Bankers Association August 3

Joint Trades Letter on Promoting Access to Mortgage Credit

American Bankers Association August 3

ABA, Associations Give Recommendations for Improving Home Appraisal Regulations

ABA Banking Journal August 3

Paoletta Takes Over As Acting CFPB Director After Vought’s Term Expires

CUToday.info August 3

How Privatization of Student Lending Creates Opportunity — and Risk

The Financial Brand August 3

Equifax, Experian, Synchrony, Midland Sued Over Credit Report Errors

Top Class Actions August 3

Equifax Notices Multiple Subprime Trends Within Outstanding Portfolio & Originations

Auto Remarketing August 3

New York Advances Buy-Now-Pay Later Regulation With Some Significant Changes

JD Supra August 3

FDIC Publishes June Enforcement Actions

FDIC July 31

Chime to Cut 10% of Total Workforce on AI-Driven Efficiencies

Reuters July 31

Fed Proposes to Modernize Mutual Bank Regulations

ABA Banking Journal July 31

Major League Merger Would Unite 458 Credit Unions Across 5 States, D.C.

CUToday.info July 31

California DFPI Appeals Trial Court Decision Rejecting Its “True Lender” Theory in OppFi Case

Consumer Finance Monitor July 31

Fed Proposes to Update Rules on Lending to Bank Insiders

ABA Banking Journal July 31

What Earnings Calls Reveal About AI and the Future of Collections

ACA International July 31

Vote to Confirm Crews Still Outstanding

America’s Credit Unions July 31

7th Circ. Backs Experian in Credit Report, Debt Discharge Suit

Law360 July 31

FDIC Board Approves Proposal to Amend Regulations Regarding Lending Limits for Bank Insiders

FDIC July 31

Community Bank Leverage Ratio Framework

FDIC July 30

Banking Associations Unite to Fight Oregon Rate Cap Law

PYMNTS July 30

Which Debt Payments Do Borrowers Prioritize? Evidence from 2025–2026 Consumer Survey Data

Federal Reserve Bank of Philadelphia July 30

ABA Ex Parte Letter re: Meeting with Chairman Carr’s Staff on ‘Revoke All’ Rule

American Bankers Association July 29

Credit Union Loans Increased 0.12% in May

America’s Credit Unions July 29

Submit Mortgage Regulatory Relief Recommendations to CFPB

America’s Credit Unions July 29

SoFi Cross-Selling Grows as Existing Members Drive 51% of New Products

PYMNTS July 29

Oregon Says BNPL Providers Need State Lending Licenses

PYMNTS July 29

FixMyReports.com Launches DIY Credit Dispute Platform Putting Consumers in Control

PRLog July 27

CFPB acting director defends downsizing, calls for structural reform in House, Senate hearings

Orrick, Herrington & Sutcliffe LLP July 27

Deputy Director Mark Paoletta’s Remarks to the Financial Literacy and Education Commission

Consumer Financial Protection Bureau July 27

Why Banks Could Lose Their Edge in Personal Loans — and How to Keep It

The Financial Brand July 27

Oregon Proposes Guidance Requiring Nonbank BNPL Providers and Service Providers to Obtain State Lending Licenses

Consumer Finance Monitor July 27

Federal Reserve is likely to hold interest rates steady. Here’s what that means for consumers

CNBC July 27

The Credit Unions Leaving Everyone Else Behind Are Doing These 3 Things

CU Today July 27

Report: U.S. Credit Card Debt Expected To Climb $100 Billion in 2026

CU Today July 26

FCRA § 1681s-2(b): Forfeiture of “Reasonable Investigation” Challenges and When a Furnisher’s Investigation Is “Beyond Question” at Summary Judgment

CaseMine July 26

TransUnion (TRU) Flags A Surge In Auto Loan Fraud Losses

Simply Wall St. July 26

Card Delinquencies Creep Up as Consumers Rely More on Credit

PYMNTS July 26

Student Loan Shakeup Could Send Millions Looking For New Lenders

CU Today July 26

America's Credit Unions Urges FinCEN To End Annual 314(b) Renewal Requirement

CU Today July 24

CFPB Director nominee Brian Johnson won’t endorse eliminating the CFPB

Consumer Finance Monitor July 24

Homeowner Satisfaction with Mortgage Servicers Improves as Financial Pressures Mount

JD Power July 23

House Approves Relaxed Regulations for Community Banks

PYMNTS July 23

Is a “Private CFPB” Emerging? Or Is a New Consumer Protection Ecosystem Taking Shape?

Consumer Finance Monitor July 22

$2.2M Equifax credit reporting class action settlement

Top Class Actions July 22

Bank of America Says Data Quality Fuels AI Success

PYMNTS July 22

Washington credit union to buy Oregon bank

Banking Dive July 22

The world's top fintech companies: 2026

CNBC July 22

Synchrony CFO Sees Consumers Spending Through Inflation Pressure

PYMNTS July 21

Apple Teams With Klarna on Device Lease-To-Own Program

PYMNTS July 21

Capital One Tests Moving Credit Cards to Discover Network

PYMNTS July 21

Early AI Gains Prompt Equifax to Double Savings Forecast to $150 Million

PYMNTS July 21

Samsung Debuts 1st US Credit Card in Answer to Apple

PYMNTS July 21

Student Loan Forgiveness Scammer Permanently Banned from Debt Relief Industry and Telemarketing

Federal Trade Commission July 21

CFPB nominee Johnson agrees to Capital One recusal

Banking Dive July 21

California's DROP Platform: A Turning Point for Consumer Privacy and Data Broker Compliance

LinkedIn July 21

Equifax sees downbeat annual revenue amid tough mortgage market

Reuters July 21

Calling for additional regulatory relief for CUs in advance of House vote

America's Credit Unions July 21

Hassan v. Santander: Furnisher Liable for Unreasonable FCRA Investigation

ACA International July 21

Senate Banking Panel Vets CFPB Pick Amid Records Fight

Legis1 July 21