Debt Collector Complaints Hit Record 387,400 as 77 Million Americans Face Collections; Relief Introduces New Tools to Help Consumers Take Action

Relief Updated features help consumers manage collection activity, reduce unwanted collector contact, identify potential rights issues, and explore legal support options through independent attorneys. Relief App Relief introduces features that help consumers manage collection activity, reduce unwanted contact, and protect rights. MIAMI, June 25, 2026 (GLOBE NEWSWIRE) — Relief, the consumer app that helps people…

Michigan just erased $74 million in medical debt

Saul Loeb and Elaine Cromie / Getty Images More than 70,000 Michiganders are opening their mailboxes this week to find a letter that will change their lives. The letters inform recipients they are among the 71,871 residents who will benefit from Monday’s announcement that the state plans to erase $74 million in medical debt. Must…

Abacus Finance Group Provides Senior Debt Financing to Support Achieve Partners’ Investment in Celito Tech

Abacus Finance Group, a provider of cash flow-based, senior debt for sponsor-led investments in lower middle-market companies, served as senior secured credit facilities administrative agent and sole lender in senior debt financing to support Achieve Partners investment in Celilo Tech. Celito Tech provides tech-enabled solutions delivered through proprietary platforms, accelerators, and standardized delivery models designed specifically…

South Africans ‘sacrificing essentials to keep betting’

The research, conducted in May, surveyed 1,028 South Africans who had gambled online within the previous 30 days. It also analysed 2,569 voice notes collected through the company’s WhatsApp-based research platform. In the South African Gambling Impact Study conducted by Yazi, a South African-founded artificial intelligence-powered consumer research platform, the study found nearly three-quarters of…

Mexican Lender Banorte Raises $1.35 Billion Debt

Mexican financial institution Banorte (GFNORTEO.MX) has successfully secured $1.35 billion in international markets through the sale of hybrid debt. This substantial deal underscores a robust investor appetite for higher-yielding bank paper emanating from Latin America. Banorte, a prominent Mexican lender, provides a comprehensive suite of financial services to individuals and businesses across its home country,…