Debt collection

South Dakota officials are hoping the state legislature grants authority for the creation of a state office for debt collection, a proposal supporters believe could help bring in additional recoveries of up to $34 million in the next five years.

The Consumer Financial Protection Bureau will continue its work to ensure credit reports are fair and freely given to consumers, agency director Richard Cordray said Thursday.

More than 50 million consumers now have free and regular access to their credit scores through their monthly credit card statements or online, the Consumer Financial Protection Bureau reported Thursday.

It's taken about three years of experimenting, but Thomas Bloetscher says Regions Bank has started to crack the code on lending to people with scant credit histories.

Legislation to create an independent inspector general at the Consumer Financial Protection Bureau is circulating again.

Pennsylvania government agencies are not allowed to release someone's home address under the Right-to-Know Law without first making the person aware their address has been requested - thus giving them a chance to fight it, a state court ruled this week.

Consumers Union launched a campaign Wednesday asking the largest telephone companies to offer customers free tools to block robocalls.

New data reveals that mortgage delinquency rates have declined to 3.29% at the end of Q4 2014 among all age groups. This shift marks a 14% drop year-over-year from 3.84% in Q4 2013.

Americans increased their borrowing in the final three months of 2014 and, in a troubling sign, are wrestling more with student and auto loans, according to a study released Tuesday by the Federal Reserve Bank of New York.

ConServe, a Fairport, N.Y.-based accounts receivable management company, has promoted several employees to managerial positions and hired new personnel.

Consumer credit default data through January shows a slight upward move in default rates from lows experienced last year, according to Tuesday’s report by S&P Dow Jones Indices and Experian.

Massachusetts Attorney General Maura Healey has asked the Department of Education to forgive the school loans of hundreds of students from the state enrolled at Corinthian Colleges Inc., a for-profit company investigated by federal authorities for practices that left many students deeply in debt.

WASHINGTON — Bankers, technology CEOs and President Obama are throwing everything they have at countering the threat of cyber attacks, but based on a White House summit Friday on the issue, it's far from clear that it will be enough.

Three mortgage companies are facing regulatory action from the Consumer Financial Protection Bureau for misleading consumers with advertisements implying U.S. government approval of their products.

A lender has agreed to pay Pennsylvania consumers $8 million in restitution as part of a settlement to resolve claims it illegally provided loans.

The city of Eugene, Oregon has hired collection law firm Linebarger Goggan Blair & Sampson, based in Austin, Texas, to help collect past due parking fines.

Foreclosure filings - default notices, scheduled auctions and bank repossessions - were reported on 119,888 U.S. properties in January, an increase of 5% from the previous month but still down 4% from a year ago, reports RealtyTrac, a company that tracks housing data.

Two new defendants have been named in a Federal Trade Commission case against a phony debt relief and credit repair scheme that allegedly deceived consumers about non-existent federal programs to pay off their bills and fix poor credit.

Ohio Attorney General Mike DeWine filed a lawsuit Wednesday against a Buffalo, N.Y., collection agency accused of impersonating regional government agencies and sheriff’s deputies attempting to collect debts.

An estimated 77 million Americans have a debt in collections, or about 35% of consumers with credit files or data reported to a major credit bureau, according to a joint study, which noted that the positive impact of collections is expected to increase.