The amount of people with loans transferred to collection agencies or debt management has more than doubled in the fiscal year ending in September. more »
One week after the city of Peoria, Ill. issued an edict that $1.8 million in delinquent parking fines were being sent to a state-run collections program, city officials are reporting strong early returns. more »
The industry won a small victory this month when the House voted to nullify Consumer Financial Protection Bureau guidance that had led to recent auto lender settlements, but the real battle over the bill and its potential impact is just beginning. more »
While the CFPB's latest monthly complaint report highlights bank account and service complaints, debt collection ranked as the top category.
Two Ohio auto dealers agreed Tuesday to settle Federal Trade Commission charges that they tricked consumers with advertisements touting low monthly care lease payments while not disclosing important terms of the offers - including credit score requirements.
A landmark FCC ruling in July clarified a chaotic and confusing set of TCPA rules and assumptions concerning the legalities of autodialers, revoking consent to contact and what penalties would come from not obeying the rules.
The Consumer Financial Protection Bureau has updated its regulatory agenda and now expects pre-rule activities for debt collection to last through February 2016.
A TransUnion analysis has found that credit card loyalty remains intact despite enticing offers and higher spend during the holiday shopping season.
Equifax Inc. is acquiring the largest provider of credit reporting in Australia and New Zealand for $2.5 billion.
Banks continued to report strong profits in the third quarter, but the Federal Deposit Insurance Corp. on Tuesday highlighted a definite warning sign it sees in bank portfolios: riskier loans.