DECA Financial Services, an Indiana consumer debt collection firm previously lauded by Inc. magazine as one of the fastest-growing U.S. companies, is now facing serious debt problems of its own. more »
Total outstanding balances of bank and retail-issued cards and home finance increased in January for the third consecutive month, the first time that has happened in more than three years, according to the latest Equifax National Consumer Credit Trends Report. more »
Sellers of big data have a big problem with accuracy, a new report from a consumer advocacy group finds. more »
It's no secret that federal regulators are shining an increasingly harsh light on the collection practices of banks and third-party agencies, forcing many to change the ways in which they interact with delinquent consumers. A video from American Banker, a Collections & Credit Risk sister publication, peaks at the changes underway and how they may trickle down to collection efforts nationwide. CCR encourages your feedback.
The Utah Senate approved payday lending reform on Thursday and will be sent to Gov. Gary Herbert's office for a signature.
Apollo Credit Agency Inc., a collection agency based in Lakewood, Colo., and general manager James Saddoris are facing a lawsuit in Colorado for allegedly failing to pay clients on accounts placed for collection.
ACA International's Research Department reviewed 14,328 complaints received by the Consumer Financial Protection Bureau to determine trends, provide an analysis of the information behind the numbers and share recommendations for improvement.
WASHINGTON Consumers were less eager to seek new mortgage loans for home purchases in the first quarter, according to a Federal Reserve report released Wednesday.
The Federal Trade Commission on Wednesday published its annual summary of collection enforcement activities, stating in has brought or resolved nine collection cases in the past year.
A decline in overall credit risk can be attributed to a national drop in credit card, auto loan and mortgage delinquency rates, which are at near historic lows, according to TransUnion officials.
President Obama sent Congress a $3.9 trillion budget for 2015 that includes increased spending for employment and education - and language giving the Treasury Department the ability to call delinquent consumers on their cell phones using autodialers.
The former owner of a Minnesota collection agency pleaded guilty Monday in Minnesota district court to one felony count each of theft and theft by swindle, according to the Dakota County (Minn.) Attorney's Office.