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10-Minute Weekly Update

Week of August 3rd, 2026

Illinois Student Loan Defaults Rise to Nearly One in Five Borrowers

Nearly one in five federal student loan borrowers in Illinois is now in default, underscoring the financial challenges many borrowers continue to face as pandemic-era repayment protections have ended. According to the latest data from the U.S. Department of Education’s Federal Student Aid office, approximately 295,000 Illinois borrowers are currently in default. That represents 18.4% of the state’s 1.601 million federal student loan borrowers.

New Receivables Podcast Episode - Humanizing Bereavement Recovery

When a customer passes away, receivables becomes more about how your brand shows up for a family in grief. Balancing compliance, operational efficiency, and genuine compassion is a delicate act, but it’s crucial for modern risk and customer care leaders. In our latest episode of the Receivables Podcast, Adam Parks sits down with Nick Cherry of Phillips & Cohen Associates to break down the evolving landscape of deceased account care.

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New Career Path Episode - The Leadership Effect

Join Katalina Dawson as she speaks with Andrew Black, Vice President of Operations at Yrefy, about the habits and mindset behind exceptional leadership. Andrew shares stories from his own career about mentors who changed his path, why accountability starts with leaders, and how empowering employees creates stronger organizations.

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Other featured articles

June TCPA Class Action Filings Dip Slightly as Overall 2026 Cases Remain Elevated
According to the latest figures, June 2026 recorded 250 TCPA filings, including 191 class action lawsuits. During the same month in 2025, there were 257 total filings and 202 class action filings. The June totals represent 11 fewer TCPA class actions than the previous year.