A federal court has shut down a mobile phone cramming scheme that piled more than $100 million in charges on consumers mobile phone bills without permission. more »
Lindorff Espana, part of Oslo, Norway-based collections and credit giant Lindorff, has purchased the debt recovery unit of Spain's Banco Sabadell for $218 million, the companies announced this week. more »
Federal and state regulators have obtained $92 million in debt relief from Colfax Capital Corp. and Culver Capital LLC, collectively known as Rome Finance, for service members and others harmed by a predatory lending scheme. more »
WASHINGTON An in-depth look by the Consumer Financial Protection Bureau into its consumer complaint database has yielded some surprising insights, including a relative lack of grievances against payday lenders and that most consumers appear satisfied by companies' response.
A study released Tuesday found that the share of Americans in collections has remained steady even as the U.S. pares down the size of its credit card debt.
Complaints against collectors logged in the Consumer Financial Protection Bureaus database rose in June but trailed April's total.
An FTC report outlines changes companies need to make to protect consumers from mobile cramming scams.
Several scams - including one involving debt collecting - are circulating in Pennsylvania.
Ohio Attorney General Mike DeWine countered criticism of alleged favoritism in the state's debt collection program by announcing his office had a record year in collecting money owed to the state.
Collection agency Bounceback Inc., based in Kansas City, Mo., is accused in a federal lawsuit of "renting" county prosecutor seals to threaten people with jail time if they did not pay their debts.
A Government Accountability Office report on medical credit cards and related products follows a request from lawmakers who have expressed concerns about medical debt and predatory lending against people with no insurance or not enough insurance.