The unemployment rate fell to 7.0% in November - the lowest mark since November 2008, as more people said they got jobs and joined the labor force. The U.S. economy added a total of 203,000 jobs in the month. more »
The Office of the Comptroller of the Currency hasn't moved as quickly as it could to address risks posed by large national banks, according to an external review released Thursday. more »
The FTC next year will host a series of seminars to examine the privacy implications of three new areas of technology, including alternative scoring. more »
Financial institution call centers are one of the biggest targets for phone fraudsters, according to a report released by Pindrop Security.
African Americans encounter unique financial strain and are harmed more than other groups from their credit card debt, according to a report from Demos and the NAACP.
Louisiana's new Office of Debt Recovery will open in January and have the authority to revoke licenses from consumers, seize bank accounts and take tax refunds to pay down delinquent accounts.
Overall U.S. foreclosure activity is down 23% year-to-date through October, but foreclosure activity on homes in the $5 million-plus value range is up 61% from the same time period in 2012, according to RealtyTrac.
New York regulators sent subpoenas to 16 online lead generation firms suspected of deceptively marketing illegal payday loans in the state.
Equifax Inc. released a statement after delivering a letter to the U.S. Senate Committee on Banking, Housing, and Urban Affairs, outlining a free-market exchange alternative to the Credit Access and Inclusion Act.
Arrow Global, a Manchester, UK-based buyer of delinquent debt from credit card companies and banks, posted a healthy increase in collections and earnings in the first nine months of 2013.
The Consumer Financial Protection Bureau reported 1,186 complaints against debt collectors in October, according to an analysis of newly published data.
A federal judge dismissed a lawsuit seeking class-action status against collection agency General Collection and law firm Truell Murray & Associates, both based in Grand Island, Neb.