90-Day Clock Starts for 7M Borrowers as SAVE Plan Ends, With Default Wave Looming
The largest restructuring of federal student loan repayment in a generation began July 1, with nearly 7 million borrowers who...
Utility Bills Are Becoming a Bigger Collection Risk as Heat, Rates Squeeze Consumers
Utility affordability is moving from a seasonal hardship issue to a year-round consumer finance problem, with implications for creditors, collectors,...
Judge Denies MTD Where CRA Used the Same Furnisher to “Verify” Its Own Data
A District Court judge in Massachusetts has denied a defendant's motion to dismiss a Fair Credit Reporting Act lawsuit accusing...
Judge Rules Time-Barred Collection Suit Violated FDCPA, Rejects Related Licensing Claim
A District Court judge in New Jersey has partly sided with a consumer in a Fair Debt Collection Practices Act...
Daily Digest – July 7. Is ‘Stop’ a Cease Request? Class Action Alleges it is; FTC Debt Collection Complaints More Than Doubled in 2025, With Nearly Half Flagged as Abusive or Harassing
Is 'Stop' a Cease Request? Class Action Alleges it is A collection operation is facing a class action in Florida...
FTC Debt Collection Complaints More Than Doubled in 2025, With Nearly Half Flagged as Abusive or Harassing
Debt collection complaints filed with the Federal Trade Commission more than doubled in 2025, jumping 114% to 471,142 reports from...
DOGE Shuts Down as Scheduled, Leaving Behind Disputed Savings and a Smaller Federal Workforce
The Department of Government Efficiency officially ceased operations on July 4, hitting the sunset date written into the executive order...
Researchers Document First Ransomware Attack Executed by an AI Agent
Security researchers say the era of AI-driven cyberattacks has arrived, and the implications for any company holding sensitive consumer financial...
Klarna Applies for Bank Charter
Klarna, the Swedish fintech best known for its buy now, pay later products, announced yesterday that it has applied to...
Judge Awards Reduced Attorney Fees in FCRA Case
A District Court judge in Maryland has granted in part and denied in part a plaintiff's motion for attorneys' fees...
