Subprime auto loan delinquencies have risen to levels that are higher than before the financial crisis and arenít rising at the same pace as loans to others, Citigroup analysts wrote in a report, without citing specific issuers.
Soaring student loans and the reluctance of Millennials to own houses and cars threaten to define the entire generation and put them behind - as a whole - throughout their lives, a chief economist at Equifax said.
Prosecutors in California settled a consumer fraud case with Debt Free Associates LLC and are now urging eligible clients to seek the refunds they are owed, Monterey County (Calif.) District Attorney Dean Flippo said.
A federal court complaint against AT&T Mobility LLC charges that the company misled millions of its smartphone customers by charging them for unlimited data plans while reducing their data speeds, in some cases by nearly 90%.
Regulatory policies need to be both rational and consistent in order to work efficiently. Conflicting regulatory requirements lead to paralysis, and irrational regulatory requirements lead to waste and unnecessary costs.
Fannie Mae reached a $170 million lawsuit settlement Friday to resolve allegations that it defrauded shareholders by making misleading statements about its risk management, mortgage exposure and overall finances.
The Sixth Circuit Court of Appeals reversed a lower court decision Friday, ruling debt buyer Portfolio Recovery Associates violated the Fair Debt Collection Practices Act when it sought to collect interest charges on a credit card debt.