Debt collection

Equifax Inc. economists take an in-depth look at the highly publicized notion that subprime auto lending is creating the next bubble.

A new report from TransUnion indicates consumers are doing a better job of making timely payments even as lenders extend credit more often to people with troubled credit histories.

The company will pay more than $6 million in relief to consumers and a $1 million penalty if the proposed enforcement is approved.

Health care systems have long looked for new ways to collect patient accounts, particularly as deductibles rise and patients find it more difficult to pay outstanding balances.

Legislation aimed at allowing student loan borrowers to refinance their debt will return to the Senate floor for a second vote next month.

Goldman Sachs is in the final stages of negotiating $1.1 billion settlement with the Federal Housing Finance Agency, according to a news report Friday.

The Federal Trade Commission has asked a federal court to shut down a debt relief and credit repair scam that falsely claimed the federal government funded the program and that it was endorsed by President Obama.

Inc. magazine has ranked Fairport, N.Y.-based collection agency ConServe on its 33rd annual Inc. 500|5000 list, a ranking of the nation's fastest-growing private companies.

The Consumer Financial Protection Bureau and Federal Trade Commission filed an amicus brief in the case of Hernandez v. Williams, Zinman & Parham, which concerns the interpretation and enforcement of the Fair Debt Collection Practices Act.

A former Minnesota debt collector was sentenced Wednesday to 15 years in federal prison.

Stoneleigh Recovery Associates, based in Lombard, Ill., has acquired R&B Collections Inc. of Roswell, Ga. in a deal funded through a mix of cash on hand and new debt.

A nursing home located in New Rochelle, N.Y. will pay $2.2 million to settle allegations that the business and its owner submitted more than 62,000 inflated claims to the New York State Medicaid Program.

The errors - attributed to software purchased by a vendor - resulted in inaccurate customer credit information being reported to the credit bureaus. The CFPB warns that blaming vendors for technical snafus is not acceptable.

A candidate for the Massachusetts Attorney General's office and consumer advocates are calling for a halt to a new state program that uses automated calls to collect undeserved unemployment benefits.

July marks a milestone month for complaints against debt collectors filed with the Consumer Financial Protection Bureau. On the statutory front, TCPA and FCRA lawsuits are both ahead of the year-ago pace.

Credit Karma must establish security programs to address risks during the development of applications and must undergo security reviews for 20 years under a settlement of Federal Trade Commission charges.

Default rates fell slightly in July to the lowest mark in more than 10 years, according to the S&P/Experian Consumer Credit Default Indices released Tuesday.

Falling property prices in the city triggered $1 billion of bad loans as buyers abandoned homes and stopped making mortgage payments, according to the country's Economy & Nation Weekly.

AB Acquisition LLC, an Idaho-based company that owns and operates several supermarket chains, reported confirmed that customers' credit and debit card data may have been compromised in a data breach.

Americans are spending more in 2014 compared to a year ago, apparently driven by Baby Boomers - although that generation is not necessarily spending for the things they want, according to a recent Gallup poll.