Debt collection

A court-appointed trustee will operate an Indiana collection agency after it failed Tuesday to get a time extension to devise a refinancing plan to pay off its creditors.

Ontario Systems, a leading receivables management technology and services provider, has announced Chief Compliance Officer Rozanne Andersen will present at the 18th annual National Collections & Operational Risk Conference in Miami next week.

Collectors and compliance officers are listed among the top jobs to have in business in U.S. News and World Report's 2014 list of the 100 Best Jobs in America.

Two federal investigations into General Electric Co.'s credit card business are underway to determine if the unit violated consumer finance laws.

A payday lending bill in Idaho, designed to dictate how much payday lenders can give borrowers, won passage in the state's House of Representatives on Monday by the slimmest of margins.

House Financial Services Committee Chairman Jeb Hensarling (R-Texas) is calling on Consumer Financial Protection Bureau Director Richard Cordray to end the bureau’s closed-door meeting policy for its four advisory councils.

JPMorgan Chase illegally won thousands of default judgments in credit card collection lawsuits by robosigning affidavits, according to a class action lawsuit filed in the U.S. District Court for the Southern District of Florida.

Credit card debt declined in January but borrowing for student and auto loans increased, leading to an uptick in non-revolving credit, according to data from the Federal Reserve's G.19 report.

Aaron's Inc., a national rent-to-own retailer, settled Federal Trade Commission charges that it played a "direct and vital role" in its franchisees’ installation and use of software on rental computers that secretly monitored consumers, including taking webcam pictures of consumers in their homes.

While the Department of Education has developed tools for overseeing collection agencies that it works with to find borrowers and explain repayment options, key weaknesses have limited its ability to properly monitor agency performance, according to a Government Accountability Office report on federal student loans.

ACA International has filed comments with the Federal Communications Commission in support of United Healthcare Services Inc.'s petition seeking to address mobile phone number reassignment issues under the Telephone Consumer Protection Act.

The DBA International Board of Directors and Certification Council have adopted version 2.0 of its Debt Buyer Certification Program.

The defendants behind the operation allegedly misrepresented their background and authority, disclosed debts to third parties and threatened consumers with arrest and other legal consequences.

Illinois taxpayers had to fund more than $318 million in interest payments in fiscal year 2013 to vendors who weren't paid as a result of the state's ongoing cash flow woes.

The United Kingdom's Financial Conduct Authority (FCA) will conduct an in-depth review of debt collection practices of payday lenders when it takes on responsibilities for regulating consumer credit markets on April 1.

Total foreclosure filings were reported on 112,498 U.S. properties in February, a 10 percent drop from January and down 27 percent from February 2013, according to RealtyTrac, an Irvine, Calif., data firm. The total is the lowest monthly figure since December 2006.

The Consumer Financial Protection Bureau and Federal Trade Commission jointly filed an amicus brief in the U.S. Court of Appeals for the Sixth Circuit, arguing that a federal district court wrongly dismissed a consumer’s class action complaint against collection agency Northland Group Inc.

The Federal Trade Commission settled a complaint against a Massachusetts-based home security company that illegally called millions of consumers on the FTC’s National Do Not Call Registry to pitch home security systems.

Allstate has elected Siddharth Mehta, former CEO at TransUnion, to its board of directors.

Liberty Pawnshop & Gold LLC in Fredericksburg, Va., charged with making 54 vehicle title loans between August 2011 and February 2013 without having a valid license, reached a settlement Tuesday with the Virginia attorney general's office.