Two operations that allegedly ran student loan debt relief schemes are being targeted by the FTC and regulators in Florida while defendants in a similar action brought earlier this year agreed to a ban. more »
A Maryland jury delivered a verdict and $38 million judgment against a collection agency in a class-action lawsuit. It is the largest judgment against a collection agency in the state's history. more »
"They're trying to collect data without subjecting the methodology of that collection to public comment," said Jonathan Thessin, a senior counsel at the ABA's Center for Regulatory Compliance.
While the CFPB has not set specific deadlines to issue proposals on debt collection, analysts expect so-called pre-rulemaking activities - typically a report or a small-business review panel - to occur this summer. more »
Two Ohio law firms did not use illegal tactics when they mailed debt collection letters on stationery bearing the name of Ohios attorney general, according to a unanimous Supreme Court ruling Monday. more »
Defunct online lender Integrity Advance has filed a lawsuit accusing the Consumer Financial Protection Bureau of launching an enforcement action against the company without the legal authority to do so. more »
A debt collection agency will pay civil penalties and be required to adopt new procedures to settle Federal Trade Commission charges that it violated requirements of the Fair Credit Reporting Act. more »