Debt collection

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.

Heritage Global Inc. has acquired National Loan Exchange Inc. (NLEX), the largest volume broker of charged-off receivables in the U.S. and Canada.

ACA International has filed an amicus curiae brief with the Sixth Circuit Court of Appeals in the case of Buchanan v. Northland Group Inc.

A new study reveals hospitals in 25 states that chose to expand Medicaid under the Affordable Care Act treated fewer uninsured patients and charity cases in the first quarter.

Total outstanding balances and new credit in auto lending reached record highs this year as the sector continues to lead the economic recovery, according to the latest Equifax National Consumer Credit Trends Report.

The Federal Trade Commission has charged an operation that billed consumers up to $10,000 after falsely claiming it would settle debts and repair their credit.

U.S. consumer daily spending jumped in May, fueled by highest three-day average since 2008.

One of the largest jury awards against a credit reporting agency was reduced on appeal and the agency is appealing again.

A payday lending operation affiliated with a Native American tribe is liable for engaging in deceptive practices and violating federal law by failing to disclose loan terms, U.S. District Judge Gloria Navarro in Las Vegas has ruled.

A new law in Connecticut is designed to reduce unsolicited commercial phone intrusions by banning text messages.

The city of Los Angeles accused JPMorgan Chase & Co. of targeting minority borrowers with predatory loans in a lawsuit filed Friday in U.S. District Court.