Debt collection

Expert Global Solutions, the holding firm for collections giant NCO Financial, is selling part of its accounts receivable management business to a private equity firm. Financial details of the pending deal were not disclosed.

The FTC and CFPB will co-host a roundtable in October to examine how debt collection issues affect Latino consumers, especially those who have limited English proficiency.

Debt buyer Portfolio Recovery Associates has acquired Aktiv Kapital AS, a Norway-based accounts receivable management company, in one of the largest deals in accounts receivable management history. The combined companies will be called PRA Group.

Frederick J. Hanna & Associates responded to a lawsuit filed Monday by the Consumer Financial Protection Bureau.

The number of U.S. homes using only wireless telephones is growing, with two in every five households (41%) in the second half of 2013 reporting relying solely on cell phones, according to a National Health Interview Survey.

The CFPB filed a lawsuit Monday against Georgia-based Frederick J. Hanna & Associates and its three principal partners for operating a collection lawsuit mill that uses illegal tactics.

Illinois Attorney General Lisa Madigan filed lawsuits Monday against two student loan servicers, alleging the unlicensed companies imposed illegal fees on delinquent student loan borrowers and deceptively marketed debt solutions.

Brownsville, Texas is getting close to joining 18 other cities in Texas in passing a law regulating payday and auto title lenders, city officials report.

Citigroup, the third-largest U.S. bank by assets, will pay roughly $7 billion in fines and consumer relief to settle an investigation into risky subprime mortgages and resolve government claims that it misled investors about the quality of mortgage-backed bonds sold before the 2008 financial crisis.

In Pennsylvania, Montgomery County officials report they have collected more than $1.2 million in just 10 months in delinquent court fees and fines dating to 1986.

The Consumer Financial Protection Bureau is concerned that some mortgage brokers may be shifting to the "mini-correspondent" lender model under the mistaken belief that identifying themselves as such will automatically exempt them from consumer protection rules affecting broker compensation.

Consumer spending slowed in June, but remained strong in several sectors, according to First Data Corp., a global payment technology and services firm.

The operators of the scheme the falsely promised to help consumers get loans, but instead used personal financial data to take money from bank accounts without consent, have settled FTC charges.

Amazon.com is accused in a lawsuit filed Thursday of billing customers millions of dollars in charges racked up unknowingly by children.

The percentage of U.S. consumers who are late on their loan payments remained at near-record lows in the first quarter, according to a new report by the American Bankers Association.

The Texas-based lender, charged with various illegal debt collection tactics, has responded to the action.

Australian financial authorities have updated a publication that is partly geared to ensuring collection activity is handled in keeping with the country's consumer protection laws.

A debt collection telephone scam in West Virginia is targeting consumers by summoning them to court over unpaid credit card accounts - debt that in most cases apparently does not exist.

Overall U.S. consumer borrowing, including credit card borrowing, increased in May - primarily the result of Americans taking out more loans to buy cars.

The Consumer Financial Protection Bureau on Tuesday clarified that when a borrower dies, the name of the borrower’s heir generally may be added to the mortgage without triggering its' Ability-to-Repay rule.