Debt collection

National consumer credit default rates fell in March to the lowest post-recession rate, according to data released Tuesday.

Canadian payday loan provider Cash Store Financial Services Inc. is seeking protection from creditors as it faces liquidity woes resulting from the suspension of its right to offer loans in the province of Ontario.

The Social Security Administration announced Monday the suspension of a program to collect more than 10-year-old taxpayers' debts by seizing tax refunds.

The Minnesota-based agency agreed to pay a civil penalty in North Carolina to refund processing fees customers in the state submitted along with monthly payments.

Navient, a company formed from Sallie Mae, will launch next month and take over Sallie Mae's loan management and asset recovery business.

The odds are stacked against anyone who uses the telephone to make a living. Before you get a word in, people are quoting bits and pieces of anti-collection propaganda - and they often are misinformed.

A South Dakota-based payday lending operation settles charges after using tribal affiliation to illegally garnish wages.

An Indiana man allegedly charged $170,000 in personal expenses to his company credit card before a supervisor discovered the wrongdoing.

One of the largest UK debt buyers is adding jobs and moving into offices that will accommodate more than 1,000 people.

Discover Financial Service agreed to an $8.7 million settlement of a class-action lawsuit filed in 2012.

Debt buyer Encore Capital Group Inc. has earned DBA International's industry certification. The program was launched last year and all DBA members are required to meet the standards by 2016.

Illinois Attorney General Lisa Madigan has sued four online payday lenders and a loan lead generator promoted by talk show host Montel Williams.

Two companies that operated as consumer-reporting agencies settled charges on Wednesday that they violated the Fair Credit Reporting Act.

A debt settlement company and its owner on Tuesday pleaded guilty in federal court to mail and wire fraud charges. Money bilked from 1,200 people helped pay nightclub expenses, luxury car leases and credit card bills.

Risk is again emerging as a concern in the consumer credit sector as the economic recovery moves into its fifth year, according to a survey of bank risk professionals.

A large U.S.-based public debt buyer announced Monday it raised its credit facility to prepare for one of the largest acquisitions in accounts receivable management industry history.

Kaulkin Ginsberg announces that its spring semester research fellows program, in conjunction with the University of Maryland, College Park’s Department of Economics undergraduate studies program, is underway.

Debt buyer Portfolio Recovery Associates UK expects future growth will create up to 400 jobs in the next three years, adding to its current 300 employees at the company's office in Kilmarnock, Scotland.

Consumers cut back on their credit card use for the second straight month in February but increased borrowing on student loans and auto loans by the largest amount in a year.

Legislation in Louisiana aimed at making payday loans cheaper for borrowers failed Monday in a House committee.