Debt collection

FICO and TransUnion announced Monday a renewed multi-year agreement to provide FICO scores to the U.S. banking community.

Brevard County, Fla. officials reported this week plans to write off $6.6 million for emergency medical service transports to area hospitals from the budget year ended Sept. 30, 2013.

The Consumer Financial Protection Bureau can learn a lot from the Centennial State.

Wells Fargo Bank will pay $4 million for credit card-related violations uncovered by a New York Department of Financial Services examination of the bank's former affiliate, according to New York officials.

A group of Utah-based defendants claiming to be legal experts in loan modifications have settled Federal Trade Commission charges that they broke the law by conning consumers into paying hefty fees for apparently worthless debt relief services.

Two former Sallie Mae executives have started a new student loan financing company.

Most families are on financially unsteady ground even as the national economy appears to be recovering from the recession, according to a new analysis.

A new report on zombie foreclosures found that as of the end of January, 142,462 homes actively in the foreclosure process had been vacated by the homeowners before the bank repossessed the property, accounting for 25% of all active foreclosures.

A subprime credit card company in Delaware will pay nearly $3 million in refunds and penalties for allegedly charging fees that the Consumer Financial Protection Bureau says violated federal law.

ACA International, DBA International and the National Association of Retail Collection Attorneys are part of a coalition requesting that a key federal regulator address issues related to updating the Telephone Consumer Protection Act.

WASHINGTON — The Consumer Financial Protection Bureau is seeking to permanently ban a credit provider in Texas from offering any services because of allegations that it ran a "sham credit card" business.

New York Attorney General Eric T. Schneiderman issued an alert Wednesday based on ongoing complaints from consumers reporting being contacted by scammers posing as an attorney from the AG's office.

Bank of America plans to lay off 202 employees in a loan servicing unit in Norfolk, Va. because of the ongoing decline in the number of delinquent mortgages, the company said Tuesday.

The Consumer Financial Protection Bureau and the U.S. Department of Education announced Tuesday more than $480 million in forgiveness for borrowers who took out Corinthian College’s high-cost private student loans.

Two defendants who took part in an alleged multi-million dollar telemarketing fraud targeting seniors, a scam that included withdrawing money from their accounts without authorization, agreed Tuesday to settle Federal Trade Commission charges.

WASHINGTON — The acquirer of a for-profit college chain sued by the Consumer Financial Protection Bureau will forgive over $480 million in student debt under a deal announced Tuesday.

Bank of America is poised to exit its student loan portfolio, as banks reduce their red-tape-heavy assets and redeploy cash to create loan growth elsewhere.

U.S. small businesses took out more loans in December, according to a lending study released Tuesday.

A California federal judge has approved a $2.75 million settlement with USCB Inc., an accounts receivable management firm, to end allegations that the company violated the Telephone Consumer Protection Act and the Fair Debt Collection Practices Act.

The U.S. Court of Appeals for the Eighth Circuit has reversed a District of Nebraska’s order granting class certification to a lawsuit, Powers v. Credit Management Services (CMS) Inc.