Debt collection

TransUnion announced Tuesday that it completed the acquisition of Boca Raton, Fla.-based TLO, a risk information and analytics company.

TransUnion's annual auto loan forecast calls for increases in both delinquency and debt levels during 2014.

New York Attorney General Eric T. Schneiderman on Tuesday announced a settlement with Manor Resources LLC, a Delaware company that offered short-term auto title loans, secured by borrowers’ vehicles, at usurious rates of interest.

The Federal Trade Commission is taking action to stop a mobile phone cramming operation that has placed tens of millions of dollars on consumers’ mobile phone bills without their permission.

Colorado regulators resolved a case in which more than 600 state residents were financially harmed by a Texas-based debt settlement company operating illegally in Colorado.

Maryland Attorney General Douglas F. Gansler is alerting residents of the state about scammers trying steal bank account numbers and other personal identifying information.

The defendants in two separate alleged scams have settled charges with the Federal Trade Commission and will be banned from providing mortgage- and debt-relief services.

Credit card delinquency rates are expected to rise nearly 10% from 1.51% in Q4 2013 to 1.66% in Q4 2014, according to TransUnion, which also released mortgage delinquency rate forecasts.

Thousands of consumers scammed by Nevada-based payment processor Automated Electronic Checking (AEC) Inc. will get some of their money back as a result of a lawsuit and settlement reached with the Federal Trade Commission.

Consumer spending growth slowed in November despite strong holiday retail sales on Thanksgiving and the next day, according to First Data Corp., a global payments processing and electronic commerce company.

An online survey revealed that one in 10 people who are married or living together classified their spouse or live-in partner as a "financial bully."

The FTC next year will host a series of seminars to examine the privacy implications of three new areas of technology, including alternative scoring.

African Americans encounter unique financial strain and are harmed more than other groups from their credit card debt, according to a report from Demos and the NAACP.

Louisiana's new Office of Debt Recovery will open in January and have the authority to revoke licenses from consumers, seize bank accounts and take tax refunds to pay down delinquent accounts.

Equifax Inc. released a statement after delivering a letter to the U.S. Senate Committee on Banking, Housing, and Urban Affairs, outlining a free-market exchange alternative to the Credit Access and Inclusion Act.

Overall U.S. foreclosure activity is down 23% year-to-date through October, but foreclosure activity on homes in the $5 million-plus value range is up 61% from the same time period in 2012, according to RealtyTrac.

New York regulators sent subpoenas to 16 online ‘lead generation’ firms suspected of deceptively marketing illegal payday loans in the state.

Arrow Global, a Manchester, UK-based buyer of delinquent debt from credit card companies and banks, posted a healthy increase in collections and earnings in the first nine months of 2013.

Two key players in the I Works scheme that allegedly took more than $275 million from consumers via deceptive trial memberships for bogus government-grant and money-making schemes have agreed to settle Federal Trade Commission charges that they violated federal law.

Both the credit card delinquency rate (the ratio of borrowers 90 days or more delinquent on their general purpose credit cards) and the average credit card debt per borrower dropped on a yearly basis in the third quarter ended September 30, according to credit reporting agency TransUnion.