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 »
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. more »
Complaints against collectors logged in the Consumer Financial Protection Bureaus database rose in June but trailed April's total. more »
An FTC report outlines changes companies need to make to protect consumers from mobile cramming scams.
Since the collapse of the subprime mortgage market, lenders have all but stopped offering loans that sound too good to be true. But that's not the case with subprime automobile loans, which lenders continue to market aggressively to consumers with imperfect credit.
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.
If there's one lesson bankers can take away from the hacking incident at online ticket seller StubHub, it's that they need to educate their customers about the dangers of using the same passwords on multiple sites.
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.
Federal and state regulators announced legal action Wednesday against foreclosure relief defendants that used deceptive marketing tactics to collect illegal fees from struggling homeowners.
A U.S. district court on Monday halted a Buffalo, N.Y.-based collection agency from doing business, froze the operation's assets and appointed a temporary receiver to take over the defendants' business pending trial.