Debt collection

The powerful, well-tuned U.S. economy is picking up speed rapidly, with much of the power under our hood yet to be fully engaged, according to the latest report on small business credit trends from Experian and Moody's Analytics. The road to a full recovery, however, remains long.

More than half of B2B receivables 90 days or more overdue were written off in the U.S., Canada, Mexico and Brazil, according to a survey.

A debt collection operation that used fake names and threatened consumers into paying debts they often did not owe can no longer perform any collection work under a settlement with the Federal Trade Commission.

Kentucky State Sen. Reggie Thomas, D-Lexington, pre-filed a bill with the Kentucky General Assembly to cap the amount of interest charged by payday loan lenders.

CBE Companies has been named one of Iowa's Top Workplaces, based on surveys conducted by WorkplaceDynamics, a research firm focused on organizational health and employee engagement.

An appeals court chose not to revisit a ruling that a collection agency violated the Fair Debt Collection Practices Act when it sent a collection letter revealing a debtor's account number through the envelope's address window. The agency now can either let the decision stand or try taking the case to the Supreme Court.

Rental applicants, especially those applying for less expensive units, are seeing improvements in their credit risk, according to TransUnion.

House Republicans are criticizing plans by the Consumer Financial Protection Bureau to regulate more auto lenders.

Two companies allegedly violated the FTC Act and grossed more than $11 million through a diploma mill scheme, according to a complaint.

Collection company USCB Inc. agreed to pay $2.75 million to settle a Telephone Consumer Protection Act class action lawsuit.

City officials hope to soon devise a plan that will help recover the money, including presumably out-of-statute debts.

Consumer default rates rose slightly in August, reversing a downward trend, according to the latest S&P/Experian Consumer Credit Default Indices.

Sen. Elizabeth Warren (D-Mass.) promised Wednesday to keep pushing for student loan legislation after a bill allowing borrowers to refinance their debts failed to come up for a vote this week.

Two federal regulators announced lawsuits on Wednesday against two separate payday lending operations.

Several key statistics tracked carefully by collection agencies and creditors surprisingly dropped in August, including lawsuits and complaints filed with the Consumer Financial Protection Bureau.

New York Attorney General Eric Schneiderman on Tuesday announced the arrest of five people, including three bank tellers, for taking part in an identity theft ring.

Tucker, Albin and Associates Inc. earned a spot on the latest Inc. 5000 list published by Inc. magazine. The list honors growing privately held U.S. companies.

The state of New York's court system announced new rules Tuesday designed to ban collecting debts that consumers already have paid off, did not incur or where the six-year statute of limitations has expired.

The ability to stop using credit cards and pay cash for purchases can be a sign of financial stability as it proves a person’s lifestyle is in line with their income, according to an industry association. Not surprisingly, many people are in the danger zone.

The House of Representatives approved an update to the Truth in Caller ID Act of 2009 that protects consumers from receiving calls and text messages on cell phones from a phone number that is deliberately falsified.