Debt collection

The Consumer Financial Protection Bureau and Financial Services Roundtable have launched a public-private initiative to promote effective financial education across the U.S.

The American Civil Liberties Union filed a federal lawsuit Thursday against a judge in Georgia and Judicial Correction Services, claiming the private company's debt collection practices led to poor people being jailed because they couldn't pay.

Two car title lenders settled Federal Trade Commission charges requiring them to stop using deceptive advertising to market title loans. The complaints mark the first time the FTC has taken action against car title lenders.

WASHINGTON — The Consumer Financial Protection Bureau on Thursday proposed a series of regulatory relief measures for small institutions, especially those in rural areas, to help them provide credit while they try to follow the agency's tough mortgage rules.

The National Consumer Law Center wants the Consumer Financial Protection Bureau to ban all out-of-statute debt collections, arguing that the practice of chasing "zombie debts" is unfair, deceptive and abusive.

Debt-buying giant PRA Group, based in Norfolk, Va., has hired Nancy Porter as vice president of corporate communications.

TracFone, the largest prepaid mobile provider in the U.S., will pay $40 million to the Federal Trade Commission to settle charges that it deceived millions of consumers with false promises of unlimited data service.

As regulators continue to scrutinize payday lending and associated products, a California startup thinks it has come up with a unique alternative for offering credit to those with lower credit scores — and some financial institutions are already signing up.

Arizona lawmakers voted Tuesday to expand a program that helps doctors repay their medical school debts if they agree to go where they are needed.

Consumer confidence in January rose to its highest point since before the recession, according to a new report.

Expert Global Solutions Inc., holding company of collection industry giant NCO Financial Systems Inc., has announced a large expansion in Virginia Beach, Va.

WASHINGTON — The Consumer Financial Protection Bureau issued a bulletin Tuesday warning financial institutions about entering into agreements with third parties that share or hide information related to regulatory exams.

The traditional method of measuring mortgage denial rates is fundamentally flawed and can produce mistaken conclusions about access to credit.

In Russia, according to a report from The Moscow Times, an alarming debt collection trend involves collectors seizing household pets from debtors who have defaulted on their loans.

South Dakota's Senate Commerce and Energy Committee was scheduled to hold a hearing Tuesday on a state Revenue Department proposal to open a state debt collection office.

The Supreme Court gave borrowers the path to file a rescission notice without going to court, but experts expect more banks to initiate legal proceedings to stop rescissions they see as frivolous.

Tax-related identity theft was the most common form of identity theft reported to the Federal Trade Commission in 2014, while the number of complaints from consumers about criminals impersonating IRS officials was nearly 24 times more than in 2013.

New legislation filed by U.S. Rep. John K. Delaney (D-Md.) would make student loans dischargeable under bankruptcy. Under existing law, student loan debt cannot be discharged.

The number of Americans buying autos neared a record high last year but a possible downside to the growth is drawing comparisons to the subprime mortgage boom.

WASHINGTON – The Consumer Financial Protection Bureau on Friday announced four appointments to the agency’s leadership team.