Collection Industry News

Home - Collection Industry News
administrator
Legal News

US consumer confidence improves modestly in February after cratering the first month of 2026

The American consumer’s confidence in the US economy improved slightly in February after cratering a month earlier. A measure of Americans’ short-term expectations for their income, business conditions and the job market rose four points to 72, remaining well below…
Educational News

Some student loan borrowers are getting Navient settlement checks — here’s who qualifies

Some student loan borrowers can soon expect a check in the mail, more than a year after the Consumer Financial Protection Bureau reached a $120 million settlement with former federal servicer Navient. The CFPB said Navient steered student loan borrowers away from affordable repayment plans…
Editorial News

Supreme Court Trump tariff decision impact: What to expect as fight for billions in refunds begins

U.S. importers will be facing many hurdles trying to recover billions in tariff costs now that the Supreme Court has ruled President Donald Trump’s International Emergency Economic Powers Act, or IEEPA, tariffs are illegal. Companies large and small may be eligible for refund…
Government News

Government spending lifts global debt to a record $348 trillion in 2025, says IIF

Global debt climbed to a record $348 trillion at the end of 2025, after nearly $29 trillion was added over the year in the fastest yearly build-up since the pandemic surge, a banking trade group reported on Wednesday. The increase…
Bankruptcy News

Spirit Airlines plans to slash flights, fleet in bid to emerge from bankruptcy as early as spring

Spirit Airlines is gearing up to shrink to a tiny version of its former self, focusing on high-demand travel periods and routes as well as expanding premium-class seats in an attempt to survive, according to a new plan it unveiled in U.S.…
Legal News

Nationwide Rise in Debt Collector Harassment Sparks Concern

Protecting Families from Rising Debt Collector Violations Lawrence, United States – February 18, 2026 / Legal Rights Advocates, Inc. / The rise in debt collector harassment across the United States has become a pressing concern for many families struggling with financial challenges. Reports indicate…
Educational News

Student loan delinquency rate jumps to nearly 25% in Trump’s second term, analysis finds

The student loan delinquency rate is surging, new research finds. Nearly 25% of student loan borrowers with a payment due are now behind, compared with around 9% in 2019, during President Donald Trump’s first term, according to a report published Friday by The Century Foundation,…
Editorial News

Housing affordability isn’t just hurting buyers: More homeowners are falling behind on their mortgages

Housing affordability challenges are weighing on not only would-be buyers, but also on a growing share of existing homeowners, new data suggests. Late-stage mortgage delinquencies — those with payments at least 90 days past due — rose 18.6% in December…
Government News

$49 billion in medical debt will be wiped off Americans’ credit reports

Nearly 1 in 5 Americans owe some amount of medical debt, according to the Consumer Financial Protection Bureau. And while paying it back may be a significant burden on its own, it will now have a smaller impact on Americans’ overall financial health. Medical…
Editorial News

Debt Deepens for U.S. Households, Led by Mortgage and Student Loan Stress

Americans ended 2025 with more debt than ever—and more trouble paying it back. New data from the Federal Reserve Bank of New York show household debt climbing to record levels, while delinquency rates have risen to their highest point since…