A decision by the U.S. bankruptcy court in Delaware to approve Corinthian Colleges' liquidation plan ultimately could mean hundreds of thousands of students wont have to repay their loans. more »
A Mississippi businessman, indicted in connection with bribes paid in exchange for prison contracts, made $198,000 between 2012 and 2014 as a lobbyist for the states payday loan and check cashing industries. more »
In recent online focus groups, Federal Reserve researchers presented 44 small-business owners with basic information about a loan and asked them to estimate the interest rate. The business owners' responses were telling. more »
RCB Investimentos, a master servicing platform for non-performing loans in Brazil, has announced a partnership with Norfolk, Va.-based debt-buying giant PRA Group.
The Sixth Circuit Court of Appeals has ruled that a debtor providing a cell phone number to a creditor has consented to receiving calls and thus the creditor doesn't violate the TCPA by making repeated, automated calls to that number seeking payment.
ACA International is raising concerns over the FTC's effort to encourage technology that will reroute some legitimate and valuable telephone calls.
Subprime consumers are being offered more credit cards but delinquency rates remain low, according to the latest TransUnion Industry Insights Report.
The CFPB is considering suing Navient Corp., the largest student loan company in the U.S., for allegedly cheating borrowers. Navient officials disclosed Monday in a Securities and Exchange Commission filing.
Debt collection remains the top reported issue in the CFPB's complaint database and the number of complaints about the credit reporting industry rose sharply.
A proposal from city council members in Arlington, Texas would impose stronger restrictions on payday and auto title lenders, including limiting where and in what type of buildings they can do business.