Debt collection

Millennials know less about credit scores than other adult age groups, including which businesses use the scores and who collects information on which the scores are based, according to a new survey.

Sallie Mae's former loan-servicing business, spun off last week into an independent company called Navient, expects to pay up to $170 million to settle two federal investigations.

The San Diego-based debt buyer has actively acquired several international business in the past year.

The Consumer Financial Protection Bureau released a snapshot report reviewing mortgage debt challenges faced by older Americans.

State courts around the country are starting to reform the ways they handle lawsuits over unpaid bills, widening the regulatory overhaul of banks' and third parties' debt-collection practices.

An online operation in the business of finding potential borrowers for mortgage companies will pay a $225,000 civil penalty to settle Federal Trade Commission charges that it deceived people about mortgage terms.

The mortgage delinquency rate for homeowners more than 60 days late declined for the ninth consecutive quarter, according to a new report report.

The Government Accountability Office has asked the Consumer Financial Protection Bureau to improve some of its accounting procedures and internal controls, according to a new report.

Consumer borrowing in March rose by the most in a little more than a year as Americans used credit cards more often while also taking out school and auto loans, the Federal Reserve reported Wednesday.

Two of the largest consumer debt buyers agreed to drop lawsuits against borrowers and pay fines to settle allegations they violated a state's law in pursuing debtors.

An Indianapolis credit union will take a $26 million loss on default-prone loans to ITT Technical Institute students. The college's parent company was recently sued by the Consumer Financial Protection Bureau for predatory lending practices.

The Idaho Supreme Court unanimously ruled recently that medical collection agency Medical Recovery Services cannot ask for attorney's fee that are higher than what patients paid for their care.

Collection agency Transworld Systems will take over collection services for an Indiana city, where officials hope to recoup part of several hundred thousand dollars in liens.

With 10 closed deals in the Accounts Receivables Management and Revenue Cycle Management industries in Q1, the global M&A market is off to a strong start in 2014, according to a new report.

The Texas Attorney General's office reports that a new scam involving people pretending to be investigators with the office has victimized at least 200 people, each who recently applied online for a small loan.

A California man was arrested Friday for allegedly defrauding a bank out of $6.8 million in connection with his debt collection business.

Oregon Attorney General Ellen Rosenblum is warning consumers about bogus collection emails that appear to come from her office.

World Acceptance, a Greenville, S.C.-based finance company that provides subprime consumer loans, submitted documents to the Consumer Financial Protection Bureau as part of a federal investigation into its lending practices.

A college chain fires back at the Consumer Financial Protection Bureau's first public enforcement action against a company in the for-profit college space.

Ontario Systems, a receivables management technology and services provider, announced its Artiva collections solution has been selected by Credence Resource Management (CRM) to drive operations in the U.S. and India.