Debt collection

A survey of working age low- and middle-income households finds that they accrue credit card debt not necessarily because of irresponsible spending habits.

The lawsuit against a former county deputy clerk seeks to recover more than $75,000 in public funds she allegedly misappropriated before being fired.

A national subprime auto lender will pay more than $5.5 million to settle charges that it used illegal tactics to service and collect consumers’ loans.

The largest real estate company in Alabama was ordered by the Consumer Financial Protection Bureau to pay for practices that illegally benefited an affiliated firm.

Americans don't understand their credit scores, specifically the way they are calculated, and are possibly damaging their credit reports as a result, according to a new survey.

With the reduction in payday loans, prompted by a 2009 law, comes a drop in payday loan stores.

Telephone Consumer Protection Act lawsuits in April overtook Fair Credit Reporting Act legislation as the number two largest category behind Fair Debt Collection Practices Act cases.

Philadelphia collected more than $45 million in back property taxes during the first four months of the year and cut the number of tax delinquent properties by an estimated 30,000, 25% down from the previous year, records show.

The FTC wants Congress to consider legislation to make data broker practices more visible to consumers and to give consumers greater control over their information.

The House Financial Services Committee passed three bills last week that could make mortgage lending a little easier.

U.S. consumer credit defaults in April declined from the previous month to 1.1%, falling to the lowest mark since June 2006, according to the S&P/Experian Consumer Credit Default Indices.

A proposed U.S. Senate bill that would send unpaid Internal Revenue Service taxes to private collection agencies would be a money-loser for the tax agency, argues the IRS Oversight Board, a watchdog panel.

The U.S. Department of Education named ConServe, formally known as Continental Service Group Inc., as the top performing private collection agency on the department's contract for the first quarter ending March 31.

A report released Thursday by the Consumer Financial Protection Bureau highlights illegal actions the agency has uncovered from overseeing the collections, consumer reporting and payday lending markets.

Arrow Global, a United Kingdom-based buyer of delinquent debt from credit card companies and banks, reported strong Q1 collections on purchased loan portfolios.

DebtX, on behalf of SEBA Professional Services LLC, will sell a $4.8 billion portfolio of non-performing residential loans in June for the U.S. Department of Housing and Urban Development.

The people behind a Southern California-based debt collection operation also will pay $4 million to settle the case against them.

The case against a South Dakota-based payday lending operation is wrapping up in New York state. The operation claimed to be affiliated with a Native American tribe in an attempt to avoid legal action.

The National Consumer Law Center on Monday sued the U.S. Department of Education as a result of the agency refusing to hand over documents detailing how the federal government awards bonuses to collection agencies it hires to pursue defaulted student loans.

Account Control Technology Holdings Inc. announced Tuesday the acquisition of Convergent Resources Holdings LLC. in a deal that will create a business processing outsourcing firm with more than 3,900 employees and 20 offices.