The Consumer Financial Protection Bureau is suing a Texas-based company, Union Workers Credit Services, for allegedly deceiving consumers into paying fees to sign up for a sham credit card. more »
WASHINGTON - One day a mobile phone giant, the next day a furniture store catering to military service members. more »
Thirteen St. Louis suburbs are named in a civil lawsuit filed Thursday by Missouri Attorney General Chris Koster's office for alleged predatory traffic ticketing. more »
The Texas Attorney General's office is investigating an alleged identity theft ring where the callers sometimes are claiming to be collecting on behalf of a government agency.
The Federal Trade Commission and Consumer Financial Protection Bureau hosted a Debt Collection and the Latino Community Roundtable in October to examine how collection and credit reporting impact Latino consumers - particularly those with Limited English Proficiency (LEP).
One of the defendants behind a massive landline cramming operation that placed more than $70 million in unauthorized charges on consumers phone bills has agreed to settle Federal Trade Commission charges against him.
The U.S. credit card industry continues its slow rebound from the financial crisis. In the second quarter, the number of open accounts rose by 24 million from a year earlier, while purchase volumes also increased significantly, according to a new report issued Wednesday by the American Bankers Association.
An audit of Cheyney University in Pennsylvania found the school's financial status has deteriorated in the past five years, partly because of failed collection efforts. Bad debt increased 348% since 2010.
TransUnions annual auto loan forecast calls for auto loan debt to continue to rise to $18,244 at the end of 2015. This would mark 19 consecutive quarters of increases.
The Securities Exchange Commission charged the co-owners of Buffalo, N.Y.-based Reliance Financial Advisors with fraud for allegedly misleading clients about risks associated with a hedge fund managed by a former debt collector.
On Friday, May 4, 2012, I ended my career at the National Federation of CDCUs. I attended a White House conference on cooperatives, flew back to New York that evening and locked the door behind me. On Monday, May 7, I reported to work as Assistant Director of the Consumer Financial Protection Bureau.
An estimated 43 million people carry delinquent medical debt on their credit reports and medical bills account for nearly half of all overdue debt on the reports, according to a study released Thursday by the Consumer Financial Protection Bureau.