Illinois Amends Collection Agency Act
Illinois has amended provisions of the Illinois Collection Agency Act, including removing language about debt collectors and raising the maximum civil penalty for unlicensed practices.  more »
The Consumer Financial Protection Bureau has ordered Springstone Financial LLC to provide $700,000 in relief to victims of allegedly deceptive credit enrollment tactics. more »
An auto loan company that allegedly offered illegal loans to Oregon residents is being sued by the state's attorney general. more »
The operation is charged with illegally selling loan applicants’ financial information to a scam operation that took millions of dollars by debiting consumers' bank accounts and charging credit cards without consent. more »
Arkansas regulators won a $194,500 default judgment against a company that failed to respond to a federal lawsuit alleging violations of consumer protection laws, Arkansas Attorney General Leslie Rutledge said Tuesday. more »
In Mexico, debt collection harassment complaints have more than tripled in the first half of this year compared to the same period a year ago. more »
A New York City law designed to prevent collection law firms from engaging in abusive practices does not infringe on the state's authority to regulate the profession, according to a ruling this week. more »
A payday lender that allegedly collected money illegally faces a lawsuit filed Tuesday in federal court by the Consumer Financial Protection Bureau. more »
The appearance of consumers’ account numbers on the outside of envelopes containing letters from collection agencies does not violate the FDCPA, two New York federal judges ruled in separate cases. more »
One of the nation's largest non-profit colleges is facing an FTC investigation for allegedly deceptive marketing practices. more »
A Texas small bank is "not a mere outside asserting a constitutional objection" to the CFPB, a circuit court ruled.
WASHINGTON — Two years after a legal challenge to the Consumer Financial Protection Bureau's constitutionality was dismissed by a federal court, the case is unexpectedly back from the dead. more »
A lawsuit filed by Virginia Attorney General Mark Herring against B&B Pawnbrokers Inc. in Spotsylvania, Va. alleges the business has been making illegal, unlicensed motor vehicle title loans and charging excessive fees for them. more »
The Consumer Financial Protection Bureau, citing illegal student loan and debt collection practices, on Wednesday fined Discover Bank $18.5 million. 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.