Debt collection

A group of small business owners are accusing the Consumer Financial Protection Bureau of plans to dismantle the payday lending industry through proposed new rules.

A Texas law that takes effect Tuesday is designed to help patients negotiate lower bills from hospital-based doctors who aren't in their health insurer's provider network.

As banks await an expansion of data they must give regulators to capture mortgage lending patterns, pressure is building on the Consumer Financial Protection Bureau to advance similar requirements for small-business lending.

A decision by the U.S. bankruptcy court in Delaware to approve Corinthian Colleges' liquidation plan ultimately could mean hundreds of thousands of students won’t have to repay their loans.

A Mississippi businessman, indicted in connection with bribes paid in exchange for prison contracts, made $198,000 between 2012 and 2014 as a lobbyist for the state’s payday loan and check cashing industries.

In recent online focus groups, Federal Reserve researchers presented 44 small-business owners with basic information about a loan and asked them to estimate the interest rate. The business owners' responses were telling.

RCB Investimentos, a master servicing platform for non-performing loans in Brazil, has announced a partnership with Norfolk, Va.-based debt-buying giant PRA Group.

The Sixth Circuit Court of Appeals has ruled that a debtor providing a cell phone number to a creditor has consented to receiving calls and thus the creditor doesn't violate the TCPA by making repeated, automated calls to that number seeking payment.

ACA International is raising concerns over the FTC's effort to encourage technology that will reroute some legitimate and valuable telephone calls.

Debt collection remains the top reported issue in the CFPB's complaint database and the number of complaints about the credit reporting industry rose sharply.

Community banks must pay more attention to their clients' problems, needs and desires. Unfortunately, too many small banks have embraced a one-size-fits all marketing model.

A proposal from city council members in Arlington, Texas would impose stronger restrictions on payday and auto title lenders, including limiting where and in what type of buildings they can do business.

Subprime consumers are being offered more credit cards but delinquency rates remain low, according to the latest TransUnion Industry Insights Report.

The CFPB is considering suing Navient Corp., the largest student loan company in the U.S., for allegedly cheating borrowers. Navient officials disclosed Monday in a Securities and Exchange Commission filing.

For proof that events in emerging markets can influence capital markets in the rest of the world, one need only look at the developments of the last few weeks.

A Kentucky town has filed for bankruptcy, the result of a contract dispute with a local company. It became the first municipality to file for bankruptcy since Detroit did so two years ago.

A Kentucky town has filed for bankruptcy, the result of a contract dispute with a local company. It became the first municipality to file for bankruptcy since Detroit did so two years ago.

A Jackson, Miss. city council member has floated a plan to have local police collect millions of dollars in overdue water bills.

The CFPB and the New York Department of Financial Services filed a lawsuit in federal court against two companies, Pension Funding LLC and Pension Income LLC, and three of the companies’ individual managers for allegedly deceiving consumers about the costs and risks of their pension advance loans.

Eighteen marketers that allegedly cheated U.S. and Canadian consumers out of more than $7 million are banned from selling business or work-at-home opportunities under court orders obtained by the Federal Trade Commission.