Debt collection

The Basel Committee on Banking Supervision published criteria to help investors assess the risk of asset-backed securities seven months after it set tougher capital rules on the products.

The Consumer Financial Protection Bureau, citing illegal student loan and debt collection practices, on Wednesday fined Discover Bank $18.5 million.

The U.S. Department of Defense on Tuesday issued the final Military Lending Act (MLA) rule to protect service members from predatory credit practices and grow their financial protections.

ACA International recognized 18 members' outstanding accomplishments in the credit and collection industry at an awards ceremony this week at the 2015 Convention & Expo in Boston.

The FTC asserted Tuesday that LifeLock violated a 2010 settlement with the agency and 35 state attorneys general by continuing to make deceptive claims about its identity theft protection services and by failing to take steps required to protect its users’ data.

WASHINGTON — There were no birthday cakes or celebratory singing. Instead, the anniversary of the Dodd-Frank Act on Tuesday was commemorated with what the law does best: engender constant debate.

WASHINGTON — Citigroup is facing $770 million in charges after two federal regulators said the megabank engaged in deceptive marketing and unfair billing practices related to its credit card add-on products.

Consumer credit default data through the end of June showed increases in first mortgage, second mortgage and composite default rates.

Two separate lawsuits accusing Wells Fargo & Co. of engaging in predatory lending and violating the federal Fair Housing Act have been dismissed.

Ashley Madison, an online extramarital dating service that claims to protect users' privacy and security, has had its customer database compromised.