Debt collection

PRA Group, an accounts receivable management firm formerly known as Portfolio Recovery Associates, reported second quarter financial results.

Columbia Ultimate, an expert in technology and integrated solutions for the collection industry, has announced the addition of a Consumer Financial Protection Bureau session to its upcoming 2014 Art of Success conference.

Community Health Systems, a for-profit hospital operator, will pay the federal government to resolve allegations that it submitted false claims for short-stay admissions.

Municipal Collections of America will recover outstanding parking ticket fines and unpaid civil penalties for red-light violations in Tuscaloosa, Ala. under a contract city council members approved this week.

Third-party debt collectors recovered $55.2 billion last year for creditor and government clients, returning to them an estimated $45 billion.

The operator of a massive mobile cramming scheme agreed to surrender more than $1.2 million in assets to settle FTC charges. The assets include several bank accounts, two luxury cars, shares in a number of startup companies and multiple luxury watches.

New OCC guidelines for the sale of consumer debt detail the steps banks must take before selling charged-off consumer loans, including making banks responsible for performing due diligence on debt buyers before a sale.

Nearly one in four U.S. banks reported they eased mortgage-lending standards for borrowers with strong credit during the second quarter.

The Dallas Women’s Foundation has awarded $3.1 million in grants to 98 nonprofits, including Consumer Credit Counseling Services of Greater Dallas, which received $120,000 a year for three years.

Several hundred thousand dollars in loans have gone uncollected by the small-business lending arm of the Boston Redevelopment Authority, with more than half of its loans seriously delinquent, according to an internal audit.

City officials in Tuscaloosa, Ala. are reviewing whether to hire an outside debt collection agency to pursue outstanding parking ticket fines and penalties from stop light violations.

Seven defendants were charged Friday with illegally processing credit card payments on behalf of a massive Internet scam that allegedly bilked millions of dollars from consumers by repeatedly charging them for "trial" memberships they never ordered.

There were 49,000 completed foreclosures nationally in June, down from 54,000 in June 2013, a decrease of 9.9%, according to CoreLogic's latest National Foreclosure Report.

A study released Tuesday found that the share of Americans in collections has remained steady even as the U.S. pares down the size of its credit card debt.

A federal court has imposed a $26.9 million judgment against the operator of a work-at-home scheme who lied about his financial assets in an effort to hide them from the Federal Trade Commission when he agreed to a settlement with the agency in 2010.

Capital One and three collection agencies will pay $75 million to settle Telephone Consumer Protection Act class-action claims. It's the largest cash settlement in the TCPA's history.

A federal court has shut down a mobile phone cramming scheme that piled more than $100 million in charges on consumers’ mobile phone bills without permission.

Lindorff Espana, part of Oslo, Norway-based collections and credit giant Lindorff, has purchased the debt recovery unit of Spain's Banco Sabadell for $218 million, the companies announced this week.

Federal and state regulators have obtained $92 million in debt relief from Colfax Capital Corp. and Culver Capital LLC, collectively known as Rome Finance, for service members and others harmed by a predatory lending scheme.

Several scams - including one involving debt collecting - are circulating in Pennsylvania.