Debt collection

The Federal Trade Commission is taking action against two auto dealer groups, operating in five states with more than two dozen retail stores, for civil penalties for violating FTC administrative orders prohibiting them from deceptively advertising the cost of buying or leasing a car.

Two credit-reporting companies say that a jump in lending to borrowers with poor credit has helped lead to a growing number of Americans falling behind on their car payments.

The payday loan industry in South Dakota is warning about possible far-reaching problems if a coalition seeking to ban such lending in the state succeeds.

An estimated 43 million people carry delinquent medical debt on their credit reports and medical bills account for nearly half of all overdue debt on the reports, according to a study released Thursday by the Consumer Financial Protection Bureau.

Two companies that allegedly ran scams promising debt relief for student loan borrowers are named in separate enforcement orders announced Thursday by the Consumer Financial Protection Bureau.

WASHINGTON — The Consumer Financial Protection Bureau is calling on the biggest credit reporting agencies to submit reports regularly on how they handle consumer disputes, and produce lists that name the furnishers and industries which have the most complaints.

Thirteen U.S. senators, led by Sen. Elizabeth Warren, D-Mass., sent a letter to the Department of Education this week calling for it to use its authority to discharge federal student loans for students who attend colleges that break the law.

A report from the Department of Health and Human Services outlines the affordable options for consumers who use the Health Insurance Marketplace, including detailing savings on premiums for returning consumers who renew or change their insurance plans.

The national mortgage delinquency rate will be 2.51% in 2015, the lowest mark since the start of the recession in the third quarter of 2007, according to a TransUnion forecast.

The Consumer Financial Protection Bureau has released its semi-annual report to Congress. The report includes a review of the complaint process and collection industry rules.

The Consumer Financial Protection Bureau published a notice last week in the Federal Register proposing a boarding form to streamline how company information is collected.

Texas-based collection agency Dyck O’Neal reportedly has filed an estimated 240 deficiency judgment lawsuits in Palm Beach County, Fla. this year, hoping to collect the mortgage debt that remains after foreclosures are processed.

The Federal Trade Commission has approved an order resolving allegations that Google Inc. unfairly billed consumers millions of dollars for in-app charges incurred by children without their parents’ consent.

ECMC Group's plans to acquire 56 campuses from Corinthian Colleges, a deal that would create the largest nonprofit career-college system in the U.S., has met criticism from lawmakers in a letter sent to the Department of Education.

More borrowers are falling behind on their car payments and the total amount of outstanding debt is reaching new high marks, according to Experian's latest report.

Encore Capital Group Inc., a San Diego-based debt buying firm, announced it is providing $124,000 in scholarships to students at 43 community colleges across the U.S., as part of its new national program, the Encore Capital Group Scholarship Fund.

Premier Consulting Group settled CFPB charges on Thursday, a month after another debt settlement firm's case closed with a nine-year prison sentence for its owner.

Daily spending among middle- and lower-income Americans, those with annual household incomes of less than $90,000 a year, increased to $79 in November from $76 in October, according to a new Gallup poll.

A class-action lawsuit filed in California accuses CorrectiveSolutions of unfairly collecting debts by paying district attorneys to use their letterheads and seals.

New York Gov. Andrew Cuomo has approved several new rules for debt collectors, including an extended period for consumers to dispute a collection attempt.