Regulators in New York plan to crack down on high-interest loans made to military service members by closing a critical loophole. more »
The Federal Reserve Bank of Philadelphia published a paper examining the impact of state collection laws on the ability of third-party collectors to collect on accounts. more »
Last year Regions Financial considered a deal to provide financing to the consumer lender GreenSky Credit. But a key obstacle was satisfying the concerns of C. Matthew Lusco. more »
Residential mortgage loans in active foreclosure that are at least two years delinquent experienced large gains in the last seven months, according to a new report.
A New York City law regulating collections doesnt have more power than the state's authority to regulate the industry, the New York Court of Appeals ruled Tuesday.
More than a year after a collection operation settled charges of extorting payments, the Federal Trade Commission is mailing nearly 95,000 checks totaling approximately $4 million to consumers who lost money in the scam.
WASHINGTON Three of the nation's largest indirect auto lenders are poised to limit discretionary pricing for dealers after regulators accused them of allowing partners to mark up loans at higher rates to minorities, according to confidential documents.
Credit Protection Association LP has won a jury verdict in a case involving both the Telephone Consumer Protection Act and Fair Debt Collection Practices Act.
The issue of "credit invisibility" has attracted a great deal of attention in recent months. The Consumer Financial Protection Bureau released in May a study finding that 26 million Americans do not have a credit history, and another 18 million are unscorable because their histories are too limited.
A federal district court temporarily halted an Orlando, Fla.-based operation for credit card robocall campaigns dating to 2011.
The CFPB updated database includes more than 7,700 consumer narratives of problems faced when dealing with financial companies - including collection agencies and credit card issuers. More than half of consumers who have complained since March chose to share details.