Debt collection

Prosecutors in California settled a consumer fraud case with Debt Free Associates LLC and are now urging eligible clients to seek the refunds they are owed, Monterey County (Calif.) District Attorney Dean Flippo said.

Subprime auto loan delinquencies have risen to levels that are higher than before the financial crisis and aren’t rising at the same pace as loans to others, Citigroup analysts wrote in a report, without citing specific issuers.

Soaring student loans and the reluctance of Millennials to own houses and cars threaten to define the entire generation and put them behind - as a whole - throughout their lives, a chief economist at Equifax said.

The Office of the Comptroller of the Currency on Tuesday cleared up a key part of a recent bulletin issued on consumer debt sale arrangements between third parties.

A federal court complaint against AT&T Mobility LLC charges that the company misled millions of its smartphone customers by charging them for unlimited data plans while reducing their data speeds, in some cases by nearly 90%.

The Consumer Financial Protection Bureau issued a report Tuesday highlighting illegal actions uncovered from supervising the student loan servicing market.

Americans pay three times more in medical debt to collection agencies than they pay for credit card and bank debt combined, according to a study by NerdWallet Health.

Overall, U.S. residential properties - including single-family homes, condominiums and townhouses - sold at an estimated annual pace of 4.4 million in September.

A company that sold credit and debit card payment processing services has agreed to settle Federal Trade Commission charges that it used deception and unsubstantiated claims.

The Sixth Circuit Court of Appeals reversed a lower court decision Friday, ruling debt buyer Portfolio Recovery Associates violated the Fair Debt Collection Practices Act when it sought to collect interest charges on a credit card debt.

Fannie Mae reached a $170 million lawsuit settlement Friday to resolve allegations that it defrauded shareholders by making misleading statements about its risk management, mortgage exposure and overall finances.

The Conference Board Leading Economic Index (LEI) for the U.S. suggests an outlook for a better employment picture and future income growth.

A defendant in a deceptive mortgage and debt relief enforcement case must pay a previously suspended $515,000 court judgment after authorities learned he hid assets.

Indiana Attorney General Greg Zoeller has proposed legislation aimed at preventing some of the most common complaints from residents in the state, including debt collection and consumer fraud.

The Pennsylvania Attorney General's office has charged three people allegedly involved in a counterfeit credit card operation that stole tens of thousands of dollars by using fake credit cards with matching driver's licenses to make purchases and cash advances across the state.

A U.S. district court in Miami has temporarily shut down a fraudulent debt collection operation that deceived thousands of Spanish-speaking consumers nationwide and attempted to collect money they didn't owe.

Soaring student loan delinquencies and the aftershocks of the 2008 economic downturn have kept people in the Millennial generation from being able to buy their own home, Housing and Urban Development Secretary Julián Castro said during a recent speech.

Equifax Inc. reported third-quarter profit jumped 11% as revenue increased 7%, with earnings excluding items slightly above a July projection.

Timberline Financial, a New York debt relief company, announces that Teresa Dodson, senior vice president, will moderate a panel discussion next week of accounts receivable management industry executives on the topic of improving the liquidation of “Cease and Desist” collection accounts.

DBA International has announced the first certified collection law firm under its expanded certification program.