The collection agency violated the law by sending a collection letter that could have identified the debtor. more »
Fannie Mae plans to sell its Washington, D.C., headquarters building within the next three years as it consolidates several office sites into a single location, the mortgage finance company announced Thursday. more »
If third-party vendor risk management is becoming an overwhelming chore for your bank, perhaps you're interpreting the most recent guidance from the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. too literally. more »
The median price of a residential home sold in July soared from a year ago but there are warning signs.
New York Attorney General Eric T. Schneiderman's office filed a lawsuit Wednesday against four companies and their principals for operating a fraudulent loan modification scam.
National Association of Retail Collection Attorneys President Joann Needleman has been appointed to serve on the Consumer Financial Protection Bureaus Consumer Protection Advisory Board.
Corinthian Colleges Inc., the troubled for-profit higher-education company that will be closing operations under a deal with the U.S. Education Department, is now involved in settlement talks concerning alleged illegal debt collections.
The company will pay more than $6 million in relief to consumers and a $1 million penalty if the proposed enforcement is approved.
Health care systems have long looked for new ways to collect patient accounts, particularly as deductibles rise and patients find it more difficult to pay outstanding balances.
A new report from TransUnion indicates consumers are doing a better job of making timely payments even as lenders extend credit more often to people with troubled credit histories.
A former Minnesota debt collector was sentenced to 15 years in federal prison.