Student advocates and lawmakers are renewing calls for loan forgiveness after Corinthian Colleges announcement Sunday that it will close its remaining campuses. more »
Debt sales are broken. Brokers, buyers and sellers offer books of debt that may be double- or triple-sold, lack documentation, or even be illegally originated. more »
Abandoned homes in New York City that are stuck in foreclosure proceedings jumped 38% rise in 2014. State officials are pushing for legislation to make banks and mortgage lenders more responsible. more »
The owner of Green Tree Servicing LLC has responded to the settlement announced this week with the Federal Trade Commission and Consumer Financial Protection Bureau.
As a pawnbroker for over 26 years and a former president of the National Pawnbrokers Association, I am alarmed and dismayed by the recent wave of banks terminating their relationships with pawnbrokers.
Hospital patients felt an increased financial burden in 2014 as medical costs rose while revolving credit became less available, according to a new report.
Corinthian Colleges, the for-profit chain of colleges under fire in the last year for leaving students with unsustainable debt levels and lackluster job prospects, announced it's shutting down its remaining 28 campuses effective Monday.
The Federal Trade Commission and the Office of the New York Attorney General will host an event on June 15, in Buffalo, N.Y. to discuss consumer protection issues with the debt collection industry.
In China, a new report from PwC, indicates banks are dealing with a surge in bad loans as a result of slowing economic growth.
Global Debt Registry has signed a deal with credit bureau giant TransUnion to battle faulty collection practices within the $3.3 trillion market for unsecured consumer debt.
A measure of consumer credit defaults released Thursday by S&P Dow Jones and Experian shows a downward trend.