Debt collection

An operation that sent millions of spam text messages to consumers across the U.S. with false promises of gift cards to retailers has settled FTC charges.

The operators of a massive mobile cramming scheme will surrender more than $10 million in assets to settle Federal Trade Commission charges.

DBA International voiced support for the federal enforcement action against the owner of Florida-based debt buyer United Credit Recovery.

A home builder that offers home financing has settled FTC charges that it deceived consumers by advertising low-cost mortgages while hiding fees and not disclosing critical information.

Legislation aimed at allowing student loan borrowers to refinance their debt died in the Senate on Wednesday after it failed to get the required 60 votes needed to advance the bill.

The Ohio Supreme Court on Wednesday ruled that the state's payday lenders can keep making the short-term loans, reversing a judgment from the Ninth District (Ohio) Court of Appeals.

A lawsuit filed by marijuana activists in Denver District Court claims that collecting pot taxes violates the Fifth Amendment of the U.S. Constitution.

A payment processing company has settled charges that it helped facilitate a credit card interest rate reduction scam that bilked tens of thousands of consumers out of nearly $10 million.

A former U.S. Bank employee, believed to be the man suspected of taking bribes from a Florida-based debt buyer, is currently awaiting sentencing for taking kickbacks in another case.

ACA International responded to criticism of a proposal that would allow private collection agencies to recover unpaid taxes owed to the Internal Revenue Service.

A total of 14 M&A transactions involving health care revenue cycle vendors were completed in the 12 months ended March 31 for a combined $310 million in deal value, according to a report.

Leonard G. Potillo III, the owner of Florida-based debt buyer United Credit Recovery LLC, was arrested Monday and charged with bribing a U.S. Bank official to get inside information on the sale of debt portfolios.

A Missouri collection agency plans to lay off 108 workers, according to a Worker Adjustment and Retraining Notification (WARN) notice filed with the state.

A bill to improve access to credit and qualified mortgages for low and moderate income borrowers, while protecting consumers from bad loans, passed Monday in the U.S. House.

President Obama on Monday proposed two plans designed to ease the burden of student loan debt for potentially millions of Americans.

Demand for credit in Western Canada has increased for four consecutive quarters, while activity in the Eastern provinces continues to slow, according to Equifax Canada's Q1 National Consumer Credit Trends Report.

A Southern Illinois town has hired a third-party collection agency to pursue unpaid city fees and fines ranging from criminal offenses to traffic offenses.

Consumers increased their borrowing in April, with growth in credit card debt rising at the fastest pace in more than a dozen years.

A report on foreclosures in Los Angeles indicates penalties folded into a foreclosure registry program established in 2010, a program intended to scare property owners into maintaining houses, were never collected.

The Federal Reserve's April report on consumer borrowing, to be released late in the day Friday, is expected to show borrowing rose by $15.6 billion in April.