Debt collection

The Consumer Financial Protection Bureau said Wednesday it is seeking comment on a so-called "safe student account scorecard" that colleges could use to see how banks structure the fees, features and "sales tactics" of financial products to students before forming a partnership.

A ruling by the Sixth Circuit Court of Appeals on Tuesday reversed a trial court's dismissal of a Fair Debt Collection Practices Act claim in Buchanan v. Northland Group Inc.

Cream Group Inc., which operates as Oro Marketing, and its mastermind Sami Charchian have agreed to a permanent ban on telemarketing to settle FTC charges that they targeted Spanish-speaking women with false promises that they could make money reselling brand-name goods, such as Gucci and Ralph Lauren.

Pennsylvania defense attorney Nancy Raynor, sanctioned nearly $1 million when a defense expert made a prohibited remark about smoking during a lung cancer-related malpractice case, is now being told it's time to pay up.

The agency appears to be on the verge of reining in lawsuits that have cost banks hundreds of millions of dollars in recent years.

A state ethics commission has hired two collection agencies to pursue nearly a half million dollars in late fees resulting from elected and appointed officials missing or ignoring deadlines for submitting financial disclosure forms.

The gap between high income and middle- and lower-income families' wealth is growing as the economy recovers from the economic downturn, according to a study.

United Kingdom-based collection agency 1st Credit Ltd. could be sold by private equity firm Bridgepoint, according to a recent report.

JPMorgan Chase and Bank of America plan to start offering FICO scores they have on customers to them for free, according to a statement released Monday by the White House.

U.S. auto lending is still booming, but those in the industry are not smiling as widely as you might expect.

Complaints about debt collection are growing among service members. There are now more than 11,000 complaints from service members, veterans and military families since the CFPB began accepting them 18 months ago.

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A San Diego-based debt collector has agreed to pay $675,000 in civil penalties and give up $18 million won in court fights against 4,500 consumers, New York Attorney General Eric Schneiderman said Friday.

Debt-buying giant Encore Capital Group Inc. agreed Friday to settle claims that it used improper collection strategies in New York, including obtaining judgments against consumers for debts that were too old to collect.

More than 1,000 North Carolina residents have reported receiving collection calls from an electronic message system that claims to be from the Internal Revenue Service.

Revolving consumer credit, which is mostly made up of credit card loans, fell in November by the largest amount in a year, according to a report Thursday from the Federal Reserve Board.

Charlotte, N.C.-area hospitals have started offering multiyear interest-free payment plans to help reduce the number of outstanding bills as consumers pay more out-of-pocket medical costs.

A phony debt collection scam in Colorado has state regulators warning residents to be aware of callers pretending to be law enforcement or government agency officials.

The sharp nationwide drop in gas prices is allowing more U.S. consumers to stay current on their debts, according to a new report from the American Bankers Association.

U.S. Sen. Elizabeth Warren, D-Mass., plans in 2015 to continue her focus on student loan debt and the potential long-term problems it poses to the economy despite now facing a Republican-controlled Congress.