A U.S. district court in Miami has temporarily shut down a fraudulent debt collection operation that deceived thousands of Spanish-speaking consumers nationwide and attempted to collect money they didn't owe. more »
Soaring student loan delinquencies and the aftershocks of the 2008 economic downturn have kept people in the Millennial generation from being able to buy their own home, Housing and Urban Development Secretary Julián Castro said during a recent speech. more »
A group of defendants will pay approximately $10 million to the Federal Trade Commission to settle charges that they operated a massive scam. more »
Equifax Inc. reported third-quarter profit jumped 11% as revenue increased 7%, with earnings excluding items slightly above a July projection.
Mounting regulatory and political problems may prevent Ocwen Financial from completing its purchase of $39 billion in mortgage-servicing rights from Wells Fargo.
Timberline Financial, a New York debt relief company, announces that Teresa Dodson, senior vice president, will moderate a panel discussion next week of accounts receivable management industry executives on the topic of improving the liquidation of Cease and Desist collection accounts.
DBA International has announced the first certified collection law firm under its expanded certification program.
Consumer credit default ranks showed an uptick in September, according to the S&P/Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults.
Complaints against the collection industry logged with the Consumer Financial Protection Bureau dropped last month.
Immigrant reform advocates want an Arizona judge to block two laws that have been the legal foundation for raids on businesses and the arrest of immigrant workers using stolen or fake IDs to get jobs. Supporters of the laws say ID theft victims can run into many problems as a result, including obtaining loans.
Consumer litigation against debt collectors jumped in September after an August slowdown.
A New York federal judge erred in ruling a collection agency did not violate the Telephone Consumer Protection Act, an appeals court ruled Thursday.