Collection Industry News

Home - Collection Industry News
administrator
Editorial News

Fidelity says 2026 retirees may spend $185,500 on healthcare. One category may push those costs higher

A 65-year-old who retires in 2026 may spend an average of $185,500 on health and medical expenses in retirement, according to a new estimate from Fidelity Investments — a price tag that the research shows is unexpectedly high for many retirees. The figure is…
Bankruptcy News

Wall Street banks point to resilient US consumer as loan growth picks up

July 15 (Reuters) – Wall Street’s largest banks struck a reassuring tone on U.S. consumer health, citing steady spending, rising loan balances and healthy credit quality that suggest households remain resilient despite growing economic uncertainty. The U.S. consumer is on…
Legal News

CNBC and New York Stock Exchange Extend Longstanding Partnership

Englewood Cliffs, N.J. & New York, N.Y., July 22, 2026 — CNBC and the New York Stock Exchange (NYSE), today announced the renewal of their longstanding partnership, marking more than 30 years of collaboration at the intersection of global markets and…
Editorial News

More states try to give patients relief from medical debt

Many Americans are struggling to afford healthcare. Legislators in at least six states this year have approved measures related to patient medical debt, according to a report on legislative policy trends released Wednesday by United States of Care, a nonpartisan think…
Educational News

As Defaults on Student Loans Surge, Millions Are Trying to Get Their Lives Back on Track

According to an Associated Press analysis, more than 4.2 million people across the country defaulted on student loans between April 2025 and March 2026 Life after college did not go as Ashley Dreahn planned. After starting out as a teacher,…
Government News

Treasury yields move lower as traders weigh U.S.-Iran tensions

Treasurys fell on Thursday after the previous session’s yield spike as traders weighed new economic data and sought to look beyond the renewed hostilities in the Middle East. The key 10-year U.S. Treasury note yield — the main benchmark for mortgage borrowing, auto loans…
Editorial News

Treasury yields fall as traders react to encouraging inflation data

Treasury yields fell on Wednesday as traders weighed another tamer-than-expected inflation report. The yield on the 10-year Treasury note — the main benchmark for mortgages, auto loans and credit card debt — was 3 basis points lower at 4.555%. The yield on the 2-year…
Legal News

Consumers turn to buy now, pay later for essential expenses — with growing risks

Buy now, pay later services have been on the rise as more consumers look to short-term installment financing options to help them manage the rising costs of daily necessities, not just pay for discretionary purchases.  BNPL providers originated nearly $157 billion in consumer credit…
Bankruptcy News

U.S. Treasury yields rise as Wall Street monitors Middle East tensions

U.S. Treasury yields moved higher on Monday as Wall Street monitors the latest developments amid escalating tensions in the Middle East. The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — rose more than 5…
Educational News

Public Service Loan Forgiveness has new rules — 3 changes borrowers should know about

While federal courts have blocked the Trump administration’s efforts to curb eligibility for Public Service Loan Forgiveness, other recent changes still impact borrowers’ ability to benefit from the program. For example, a new repayment plan doesn’t qualify for PSLF, and many parent…