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A group of defendants will pay approximately $10 million to the Federal Trade Commission to settle charges that they operated a massive scam.
October 22 -
Overall consumer credit default rates showed an uptick in September
October 22 -
Complaints against the collection industry logged with the Consumer Financial Protection Bureau dropped last month.
October 22 -
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.
October 21 -
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.
October 21 -
Northland Group Inc., based in Minneapolis, recently acquired the collection business of Accounts Receivable Management Inc.
October 21 -
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.
October 20 -
Consumer litigation against debt collectors jumped in September after an August slowdown.
October 20 -
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.
October 17 -
A New York federal judge erred in ruling a collection agency did not violate the Telephone Consumer Protection Act, an appeals court ruled Thursday.
October 17 -
Foreclosure filings increased in the third quarter but were down on a monthly basis, according to RealtyTracs latest Foreclosure Market Report.
October 16 -
Minnesota Attorney General Lori Swanson's office on Wednesday sued Texas-based Apex Merchant Group LLC for using "bait and switch" tactics against small businesses.
October 16 -
Legal and Debt Recovery, an Orange, Calif.-based collection agency, and the agency's legal counsel, D. Scott Carruthers, have been issued a cease-and-desist order by the Idaho Department of Finance.
October 15 -
Kirit Patel, the owner of a company that purported to be a collection agency, has pleaded guilty to four counts of mail fraud and wire fraud after allegedly bilking consumers out of more than $5 million.
October 15 -
ACA International, the largest trade group for the credit and collection industry, issued a statement Tuesday regarding the regulation of debt collection attorneys litigation activities.
October 14 -
Aaron's Inc., the nation's second-largest chain of rent-to-own appliance and furniture stores, will pay $28.4 million to settle allegations it installed spy software on rental computers.
October 14 -
More than 1,000 people jailed in Spokane County, Wash. for failing to pay court-ordered fines in the past six years will benefit from a class-action lawsuit settlement valued at $350,000.
October 10 -
DBA International announced Wednesday it is accepting applications from collection law firms and third-party collection agencies that wish to earn the association's professional certification designation.
October 9 -
Nearly 800,000 Home Equity Lines of Credit were originated nationwide in a recent 12-month period, the highest mark since the 12 months ending June 2009, according to a new report.
October 9 -
Pennsylvania-based collection agency Commonwealth Financial Systems Inc. owes more than $2 million to the state's Department of Revenue.
October 9