Quantcast
Credit Card Collection Case Resolved
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.  more »
A federal district court temporarily halted an Orlando, Fla.-based operation for credit card robocall campaigns dating to 2011. more »
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. more »
U.S. v. Adrian Rubin, filed recently in federal court in Pennsylvania, ought to be required reading for anyone studying the history of online payday lending. more »
A California collection agency and debt buyer settled a five-year-old lawsuit and will forgive more than $600,000 in consumer debt. The company did not admit any wrongdoing. more »
Mark Parsells, executive chairman and CEO, Global Debt Registry
Global Debt Registry announced that its Account Extinguishment Report is available for free to consumers on its consumer website Debt Lookup. The firm calls it "a solution for protecting consumers from attempts to collect on settled, cancelled or closed accounts." more »
U.S. consumers are on pace to tally another $55.8 billion in credit card debt this year, despite paying off $34.7 billion in card debt during the first quarter, according to a study. more »
Bloomberg News
American Express Co. President Ed Gilligan died Friday morning after becoming ill on a flight to New York. more »
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 »

Email Newsletters

Get the Payments Update and the Morning Scan when you sign up for a free trial.

Already a subscriber? Log in here
Please note you must now log in with your email address and password.