Debt collection

Ontario Systems has been honored with the 2014 When Work Works Award for its use of effective workplace strategies to increase business and employee success.

The income gap between wealthy and average consumers in the U.S. is growing while overall debt held by consumers dropped, according to the Federal Reserve's September survey on consumer finances.

A class-action settlement resolving claims that Bank of America violated the Telephone Consumer Protection Act received a federal district court's final approval - with some changes. The dollar amount, while large, is less than half of a recent record case involving Capital One.

While the average debt among Canadians increased when compared to the same quarter last year, the national delinquency rate reached its lowest level since 2008.

Wells Fargo Bank plans to lay off 115 call center employees at a facility in Roanoke County, Va. as a result of reductions in delinquencies and foreclosures, according to a spokeswoman.

The settlement requires Google to change certain billing practices and refund consumers at least $19 million.

A record number of consumers took out loans to buy cars in the second quarter, fueled by people purchasing used vehicles, according to data from Experian Plc.

Balances on new cards are still below levels reported before the 2008 recession, despite an increase in open accounts.

The federal government should stop paying private collection agencies to pursue defaulted student loans, according to a report released Wednesday.

New York financial regulators filed a lawsuit Tuesday against a bank that allegedly denied access to mortgage loans to predominately African-American neighborhoods in Buffalo, N.Y.

The collection agency violated the law by sending a collection letter that could have identified the debtor.

Fannie Mae plans to sell its Washington, D.C., headquarters building within the next three years as it consolidates several office sites into a single location, the mortgage finance company announced Thursday.

National Association of Retail Collection Attorney’s President Joann Needleman has been appointed to serve on the Consumer Financial Protection Bureau’s Consumer Protection Advisory Board.

China Huarong Asset Management is tentatively set to go public later this year.

The Federal Trade Commission announced Thursday the winners of its "Zapping Rachel" robocall contest held earlier this month at the DEF CON 22 hacking conference.

The median price of a residential home sold in July soared from a year ago but there are warning signs.

New York Attorney General Eric T. Schneiderman's office filed a lawsuit Wednesday against four companies and their principals for operating a fraudulent loan modification scam.

Inc. magazine has ranked Autoscribe Corp., based in Gaithersburg, Md., on its 33rd annual Inc. 500|5000 list, a ranking of the nation's fastest-growing private companies. Autoscribe is an affiliate member of ACA International.

Corinthian Colleges Inc., the troubled for-profit higher-education company that will be closing operations under a deal with the U.S. Education Department, is now involved in settlement talks concerning alleged illegal debt collections.

Consumers indicated in August that they are more optimistic about the state of the economy even as they show concerns about the prospects for wage growth, according to the The Conference Board.