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Two senior GOP lawmakers are warning regulators against preferential treatment for housing advocates and nonprofits in sales of nonperforming, government-guaranteed mortgages.
March 24 -
VantageScore Solutions announced Thursday the availability of a new white paper analyzing consumer score migration over time and how lenders can use these migrations to optimize decisioning.
March 24 -
The Consumer Financial Protection Bureau on Wednesday issued an advisory for banks and credit unions on how to prevent and respond to elder abuse.
March 23 -
A year ago, the U.S. Department of Education announced it would be severing ties with five private collection agencies. All of them are currently doing work for the government agency.
March 23 -
The Consumer Financial Protection Bureau has implemented a new rule that broadens the ability of lenders in rural and underserved areas to originate qualified mortgages.
March 23 -
The CFPB released an annual report Tuesday that revealed service members have been submitting debt collection complaints at nearly twice the rate of non-military consumers.
March 22 -
West Virginia Attorney General Patrick Morriseys office has reached a $19.7 million settlement with Cavalry Portfolio Services in a six-year-old case where the debt collection firm faced accusations of pursuing debts in West Virginia without a license to do so.
March 22 -
The Consumer Financial Protection Bureau faces a tough balancing act as it seeks to issue a proposal to rein in high-cost payday loans.
March 22 -
The Federal Trade Commission cautioned the collection industry to avoid buying, selling or collecting any alleged payday loan debt portfolios serviced by AMG Services.
March 22 -
A red light camera company is settling a lawsuit with thousands of drivers in New Mexico. The drivers claimed the company and its collection agency hassled them non-stop after voters in the city canceled the program in 2011 and the cameras were removed.
March 21