Debt collection

Washington State Attorney General Bob Ferguson filed a lawsuit Thursday accusing a Florida-based company and its owners of charging students illegal fees for debt relief services.

The Consumer Financial Protection Bureau reached an $85,000 settlement Wednesday with a former Wells Fargo mortgage loan officer.

Academics are challenging the Consumer Financial Protection Bureau's study of auto title loans, calling the findings inconsistent with state data.

The city has launched a feasibility study to determine if it is worthwhile to sell some of the debt to a third party.

The CFPB has handled approximately 143,700 complaints about credit reporting - including wrong information on reports and problems have errors resolved - since October 2012.

TCF Financial in Wayzata, Minn., is hoping a new product line aimed at the underbanked will also breathe new life into its once-bustling branches.

A lawsuit filed Tuesday in U.S. District Court in Santa Ana, Calif., targets the collection system used on several toll roads operated by the state’s Transportation Corridor Agencies.

Consumers applying for a new mortgage are on average two to three times more likely to open a new auto loan or credit card account over the next 12 months, according to a new TransUnion study. Many of these consumers open these accounts as soon as one month after their existing mortgage payoff.

Overall household debt rises while consumer repayment rates improve, according to the Federal Reserve Bank of New York's latest Household Debt and Credit report.

Two operations that allegedly ran student loan debt relief schemes are being targeted by the FTC and regulators in Florida while defendants in a similar action brought earlier this year agreed to a ban.