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Court Allows for Class Action Against Collection Giant
A federal appeals court decision Friday allows a lawsuit involving interest rates in debt collection cases to move forward as a class action.  more »
The proposed $19 million settlement to cover financial institutions' losses from the Target data breach in 2013 has failed, and financial institutions believe public data security fears provide a strong hand in future talks. more »
A payment processor and telemarketer Hal E. Smith must pay more than $1.7 million to settle charges of running a deceptive robocall credit card scheme. more »
The credit card delinquency rate remained steady in the first quarter while the average credit card balance per borrower fell, according to a new report. more »
A Jackson County, Mo. jury awarded a woman $251,000 in damages and assessed $82 million in punitive damages against the collection agency that sued her for a debt she said was not hers. more »
U.S. consumers borrowed more in the first quarter to pay for education and automobiles but their overall debt burden remained mostly flat, according to a report from the Federal Reserve Bank of New York. more »
Consumers increased their borrowing in March by the largest amount in nearly a year as borrowing on credit cards rebounded after two months of declines. more »
Debt-buying giant Encore Capital Group reports first-quarter gains, including in portfolio purchasing and recoveries. more »
Debt-buying giant PRA Group on Wednesday reported strong first-quarter gains. more »
A new study shows nearly half of consumers have checked their credit score in the past year, a sign that access to scores is getting easier for consumers. more »
A measure of consumer credit defaults released Thursday by S&P Dow Jones and Experian shows a slight downward movement. more »
The Consumer Financial Protection Bureau issued a final rule Wednesday aimed at improving the way that companies submit consumer credit card agreements to the Bureau. more »
Bloomberg News
MasterCard Inc. and Target Corp. are in talks about a settlement in which the retailer would pay banks about $20 million for costs they incurred in its 2013 data breach, a person familiar with the matter said. more »

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