Collections & Credit Risk

Risk & Analytics

• Credit Repair Company Reaches Financial Settlement With FTC

  Collections & Credit Risk | March 4

  A Chicago-based credit repair company and its owner/president agreed to settle Federal Trade Commission charges filed as part of "Operation Clean Sweep."

• Consumer Bankruptcy Filings Jump In February

  Collections & Credit Risk | March 4

  In another sign the economic recovery is slow-going, consumer bankruptcy filings surged 14% in February compared with a year earlier, according to a report by the American Bankruptcy Institute.

• Ohio Collection Agency Settles FTC Charges

  Collections & Credit Risk | March 3

  Credit Bureau Collection Services will pay a $1.1 million civil fine to resolve charges that it violated federal collection and credit laws, Federal Trade Commission officials said today.

• Lawyer In Loan Modification Scheme Charged With Bank Fraud

  Collections & Credit Risk | March 2

  A Washington, D.C. lawyer, accused late last year of collecting more than $1.2 million from homeowners with false promises to arrange loan modifications, has been charged with bank fraud.

• Are Regulators Playing Fair With The Collection Industry?

  Collections & Credit Risk | March 1

  As state attorneys general pursue a growing number of cases against debt collectors and creditors, many in the collection industry quietly wonder whether they’re getting a fair shake.

• Small Businesses See Challenges

  American Banker | February 26

  Small business owners do not expect any major improvement in the economy in the next few months, according to data from Discover Financial Services.