Recent Industry News

Trump’s student-loan expert said he was “not aware” of a repayment glitch in a lawsuit to restore affordable bills

Business Insider August 19

State-level CRA bill halted in California

America’s Credit Unions August 19

Judge Denies MSJ in FCRA Case Over Issues with Declaration

AccountsRecovery.net August 18

Mortgage critical defect rate rises to 1.71% in Q1 2026

HousingWire August 18

Lennar Mortgage discloses data security incident

HousingWire August 18

Some student-loan borrowers are losing credit toward a key forgiveness program for public servants

Business Insider August 18

Credit-Score Choice Is Becoming Part of the Mortgage Sales Pitch

National Mortgage Professional August 18

‘No One Home’ At NCUA As Agency Awaits Crews Swearing-In

CU Today August 18

Updates would bring more consistency, transparency to CAMELS

America’s Credit Unions August 18

UAD and Forms Redesign: Updated FAQs

Fannie Mae August 18

Securitized prime auto net losses rise

Auto Finance News August 18

Judge Denies Motions to Dismiss FDCPA, Bankruptcy Stay Claims

AccountsRecovery.net August 18

Supporting updated derivatives, hedging accounting standards

America’s Credit Unions August 18

Treasury Seeks Public Comment on GENIUS Act Proposed Rulemaking

U.S. Department of the Treasury August 17

Bill Payment Firm Doxo to Pay $2.1 Million to Settle FTC Allegations It Deceived Consumers and Charged Them Add-On Fees

Federal Trade Commission August 17

Judge Voices Doubts But Won’t Dismiss Consumer’s FCRA Damages Claim

AccountsRecovery.net August 17

AFSA subprime loan performance index falls to -41.4

Auto Finance News August 17

Engaging policymakers on credit union AI priorities

America’s Credit Unions August 17

Judge Lets FDCPA Claim Proceed Against Collector Over Disputed Cellphone Debt

AccountsRecovery.net August 17

World Liberty nabs conditional OCC charter

Banking Dive August 17

Increased sales, stable loan standards help industry performance (Big Wheels)

Auto Finance News August 17

OCC returns Zerohash’s charter application

Banking Dive August 17

The CFPB to Cease Discretionary Publication of Complaint Narratives and Visualizations

Consumer Financial Protection Bureau August 14

Amazon Agrees to $2.25 Million Settlement and Injunction to Resolve Alleged Violations of the Fair Credit Reporting Act

U.S. Department of Justice August 14

EXCLUSIVE: 5.31% of auto loan applications had first-party fraud in H1

Auto Finance News August 14

$95M Jackson Area FCU Case Turns Criminal: Charges ‘Will Be Filed Shortly’ Against Former CEO

CU Today August 14

AG’s first-ever Data Privacy Report identifies policy priorities and recommendations

Washington Attorney General August 14

Accounting: Bank Accounting Advisory Series Updated

Office of the Comptroller of the Currency August 14

House bill offers investment authority flexibility for credit unions

America’s Credit Unions August 14

Custodia gets a hand from lawmakers, trade groups at high court

Banking Dive August 14

Collector Facing FCRA, FDCPA Suit Over Alleged Reporting on Recalled, Settled Account

AccountsRecovery.net August 14

Judge Trims, But Doesn’t Fully Dismiss, FCRA Suit Over Retained Dispute Notation

AccountsRecovery.net August 13

Utah-Based Mortgage Company Must Pay $825,000 for Failing to Protect Californians’ Personal Information

California Department of Financial Protection and Innovation August 13

Mortgage delinquencies eased in Q2, still higher than 2025

HousingWire August 13

Sezzle pivots to national bank charter

Banking Dive August 13

Financial Stress Deepens Divide among U.S. Credit Card Customers

J.D. Power August 13

Assistant Attorney General Colin M. McDonald Issues Memorandum on the National Fraud Enforcement Division’s Enforcement Priorities

U.S. Department of Justice August 13

DCUC Urges CFPB To Cut Mortgage Red Tape, Give Credit Unions Greater Flexibility

CU Today August 13

Attorney General James Sues Trump Administration to Block Illegal Seizure of Millions of Drivers’ Personal Data

New York Attorney General August 13

Dealer-lender loyalty shifts from rates to execution

Auto Finance News August 13

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