The Consumer Financial Protection Bureau on Thursday unveiled new disclosures for federal student loans that would require servicers to offer borrowers several repayment choices. more »
The latest U.S. Economy in a Snapshot report from the Federal Reserve Bank of New York reveals consumer spending increased slightly in February. more »
Students used to leave college with two artifacts of their first experiments with credit free T-shirts and, for better or worse, a credit file. Today they are leaving without either. more »
Debt-buying giant PRA Group Inc. announced Wednesday the completion of its public tender offer to purchase shares of Warsaw, Poland-based DTP S.A., a mid-size debt buyer and collection agency active in Poland.
The U.S. District Court for the Eastern District of Texas has granted the governments motion for summary judgment against Texas-based collection agency Commercial Recovery Systems Inc. and its president, Timothy Ford.
A federal judge granted the Federal Trade Commissions request for summary judgment in the agencys lawsuit against Amazon Inc., alleging the company billed consumers for unauthorized in-app charges incurred by children.
The Department of Education wants to make student loan payments easier through the launch of a single Web portal for federal student loan borrowers.
The expansion of Medicaid under the Affordable Care Act is reducing medical debt in collections for some low-income consumers, according to a study from the National Bureau of Economic Research (NBER).
The CFPB ordered New Jersey-based collection law firm Pressler and Pressler LLP and debt buyer New Century Financial Services Inc. to stop churning out collection lawsuits allegedly based on nonexistent or flimsy evidence.
The Coalition to Improve Credit Education, a group that will focus on policy issues involving helping consumers understand how they can improve their credit reports and scores, launched this week with the support of more than 20 community development, financial literacy and minority leadership organizations.