Debt collection

The CFPB filed a lawsuit Wednesday charging a check casher and payday lending company of tricking and trapping customers at its 43 stores in Mississippi and at locations in Louisiana and Alabama.

Debt-buying giant Encore Capital Group Inc. reported first quarter earnings of $25.7 million.

Navient has been recognized as a 2020 Women on Boards Winning "W" Company for the second consecutive year. The national award is presented to companies with at least 20% women on their board of directors.

Defunct online lender Integrity Advance has filed a lawsuit accusing the Consumer Financial Protection Bureau of launching an enforcement action against the company without the legal authority to do so.

The steady stream of bad news continues for online marketplace lenders.

U.S. consumers who lost money to a Canada-based debt and mortgage relief scam will receive nearly $1.87 million.

A debt collection agency will pay civil penalties and be required to adopt new procedures to settle Federal Trade Commission charges that it violated the requirements of the Fair Credit Reporting Act.

At least three U.S. banks are preparing to go to market with new small-dollar installment loan products in a move that could potentially disrupt the payday lending industry.

The FCC released a Notice of Proposed Rulemaking on Friday concerning the use of modern dialing technologies when contacting consumers on cell phones about student loan debts, mortgages, taxes and other debts owed to or guaranteed by the government.

U.S. consumers sharply increased their use of credit cards in March, pushing up total borrowing at the fastest pace in 15 years.