Debt collection

John McNamara, chief marketing officer at LiveVox Inc. and a former chairman and speaker for key Collections & Credit Risk conferences, will be leaving LiveVox to take a role with the Consumer Financial Protection Bureau.

Dollar collections dropped and the amount of credit extended also slipped. Accounts placed for collection fell as well, a sign more creditors are falling too far behind to ignore, sparking more collection activity.

The U.S. Supreme Court declined Monday to hear an appeal from Equifax Inc. involving what it considered an adverse tax ruling in Mississippi.

A U.S. District Court has dismissed a class-action lawsuit citing Telephone Consumer Protection Act violations related to a series of autodialed collection calls made by a hospital provider to an individual's cell phone.

The city council in Victorville, Calif. has passed a 45-day moratorium on permits for payday lenders as it explores the risks the short-term loan businesses pose to the city's low-income population.

Zombie foreclosures tend to erode local government tax revenue and have been commonly cited by local officials nationwide as a key reason for rising tax delinquencies prompting the increased use of third-party collection agencies.

A new report reveals that an estimated 12 million Americans choose payday loans each day to avoid outcomes like long-term debt but that the average loan requires a repayment of more than $400 in two weeks, when the average borrower can only afford $50.

The Account Control Technology Foundation, a non-profit, charitable foundation established by the founders of Account Control Technology Inc., has announced the 50 winners of its college scholarships for 2014.

A community-banking organization on Wednesday told a House Agriculture Committee subcommittee that credit is plentiful for America’s farmers and ranchers and is being provided at rates near historically low levels.

While 96% of parents still see the value of a college education, 85% are very or somewhat worried that student loan debt will affect their child’s ability to buy a home, car or other large purchase after college.

NEW YORK - Attorney General Eric T. Schneiderman's office on Thursday announced the arrest of Sonia Vertucci, 42, of New Rochelle, N.Y., for falsely promising a range of services to predominately immigrant clients and collecting more than $38,000 in cash payments.

A Houston collection agency and its president and sole shareholder agreed to a federal court order and $4 million penalty for bullying consumers into paying debts and unnecessary fees.

Massena (N.Y.) Memorial Hospital board of managers approved a plan to write off more than $630,000 in bad debt for April and May.

More than 60 bills that would impact the credit and collection industry were introduced in the past six months and considered during the New York Legislature’s 2014 session that recessed last Friday.

The scams involving home-based businesses included offering payment processing services, credit card terminals and merchant cash advances to small businesses.

A federal judge has frozen the assets of an operation that swindled Spanish-speaking consumers across the U.S. by routinely sending unordered or defective products and then making it difficult, impossible or costly for consumers to obtain relief.

A former employee of the Florida Department of Economic Opportunity won a whistleblower lawsuit against the state. The case involved wrongly reporting residents to collection agencies.

Legal Helpers Debt Resolution LLC has agreed to settle charges it violated West Virginia consumer protection laws by misrepresenting to consumers that its lawyers could offer debt relief in the state.

While rent represents the biggest expense each month for many consumers, the payments rarely are reported to credit bureaus, meaning they don't help people improve their credit scores.

With 23 collection agencies working on the U.S. Department of Education's student loan collection contract, and the overall market for higher education debt booming, at least one private equity giant is considering whether to acquire collection agencies involved in the growing niche.