Debt collection

Debt collectors are facing increasing pressure from the CFPB through aggressive regulation by enforcement. In the past few years, the CFPB has entered into consent orders with debt buyers, banks and other lenders. The orders limit debt sales, increase data requirements and forbid various collection practices.

The FTC's annual report on enforcement actions involving the Electronic Fund Transfer Act, the Truth in Lending Act and the Consumer Leasing Act highlights seven new or ongoing cases involving EFTA issues in 2015.

Illinois owes $3 million to the FBI for processing fingerprints and conducting background checks for professional licenses and permits. The debt is old enough that it could be turned over to the federal government's collection agency - the Treasury Department.

Without the Consumer Financial Protection Bureau setting specific debt collection guidelines — including what technology agencies can use — the industry will continue a practice that harms consumers: lawsuits.

U.S. card issuers lose $10.9 billion each year to card fraud, according to research released Tuesday by LexisNexis Risk Solutions.

The Better Business Bureau of Central New England is reporting complaints from consumers about fake debt collection calls that include threats of arrest and wage garnishment if bills are not paid.

The CFPB filed a lawsuit Monday against the payment processer Intercept Corp. and its two top executives for allegedly enabling clients to withdraw millions of dollars' worth of illegal charges from consumer bank accounts.

DBA International released a statement late Monday responding to Sunday's episode of HBO's Last Week Tonight, which focused on the debt-buying industry.

HBO's Last Week Tonight on Sunday took a detailed look at the business of debt collection and debt buying, then forgave nearly $15 million in medical debt.

Two debt buyers have entered into consent judgments with the New York Department of Financial Services for allegedly violating the Fair Debt Collection Practices Act and New York Debt Collection Procedures Law.