Debt collection

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.

A group of defendants will pay approximately $10 million to the Federal Trade Commission to settle charges that they operated a massive scam.

Overall consumer credit default rates showed an uptick in September

Complaints against the collection industry logged with the Consumer Financial Protection Bureau dropped last month.

The biggest fear cited by nearly 1,400 people who were polled is that they won't have enough money to pay the monthly bills.

Immigrant reform advocates want an Arizona judge to block two laws that have been the legal foundation for raids on businesses and the arrest of immigrant workers using stolen or fake IDs to get jobs. Supporters of the laws say ID theft victims can run into many problems as a result, including obtaining loans.

Northland Group Inc., based in Minneapolis, recently acquired the collection business of Accounts Receivable Management Inc.

A U.S. district court has stopped a group of marketers in California and Nevada from conducting business using "free" trial offers and tricking consumers into disclosing their credit and debit card information.

Consumer litigation against debt collectors jumped in September after an August slowdown.

Community Health Systems Inc., a Franklin, Tenn.-based for-profit hospital operator, faces a lawsuit as a result of a large data theft that left patient information of an estimated 4.5 million people at risk.

A New York federal judge erred in ruling a collection agency did not violate the Telephone Consumer Protection Act, an appeals court ruled Thursday.