Debt collection

The Colorado attorney general's office has sued a retailer for violations of lending and consumer protection laws. The action comes six months after the company agreed to a multimillion-dollar CFPB fine for alleged faulty collection tactics.

Banks hurt by the Target data breach two years ago will not be able to block a settlement they consider unfair, a judge ruled Thursday.

A Vermont consumer protection bill that would regulate the rent-to-own industry and temporarily ban lawsuit loan companies from operating in the state passed in the Vermont House on Friday.

An appeals court ruled Friday that the use of official letterhead from Ohio Attorney General Mike DeWine’s office is a violation of the Fair Debt Collection Practices Act.

Consumers increased their borrowing in March by the largest amount in nearly a year as borrowing on credit cards rebounded after two months of declines.

Debt-buying giant Encore Capital Group reports first-quarter gains, including in portfolio purchasing and recoveries.

Bank of America pops up in Friday's news for several reasons, including an article revealing the bank and JPMorgan Chase agreed to scrape debts discharged in bankruptcy from consumers' credit reports within the next three months. The move comes in response to a set of lawsuits.

New York Attorney General Eric T. Schneiderman announced Thursday the introduction of a newly expanded Abandoned Property Neighborhood Relief Act, legislation aimed at curbing the number of abandoned foreclosed homes, also known as zombie foreclosures.

Debt-buying giant PRA Group on Wednesday reported strong first-quarter gains.

Collection agency J.E. Robert Co. Inc., also called JER Revenue Services, faces a lawsuit that charges that firm with inflating attorney fees owed by residents in New York who were late on their water and sewer bills.

WASHINGTON — More than 26 million consumers are effectively "credit invisible" because they have no credit record and another 19 million are "unscored" because they have an insufficient or stale credit history, according to a report released Tuesday by the Consumer Financial Protection Bureau.

A new study shows nearly half of consumers have checked their credit score in the past year, a sign that access to scores is getting easier for consumers.

A new analysis of college debt levels details how an income-based student loan repayment system could help borrowers.

The newly introduced child support payment bill would change federal law in a way that advocates believe would make it more difficult for parents to hide assets ahead of credit checks.

Two House Financial Services Committee members introduced a bipartisan bill late last week that is designed to give lenders breathing room when new disclosure rules go into effect on Aug. 1.

Debt settlement company Morgan Drexen Inc. filed for Chapter 7 bankruptcy liquidation Friday, shortly before a U.S. appeals court threw out the company's earlier constitutional challenge to the Consumer Financial Protection Bureau.

Business groups in North Carolina are backing a bill pending in the state’s House that would lift restrictions the legislature passed in 2009 to protect people from abusive collections.

Joann Needleman, current president of the National Association of Retail Collection Attorneys, has joined national law firm Clark Hill PLC.

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including a case for the CFPB's debt collection regulations and the dangers of "real-time" transaction monitoring.

Complaints filed with the CFPB against collection agencies jumped in March while district court numbers revealed an uptick in lawsuits