Debt collection

CFPB Director Richard Cordray testified before a U.S. Senate committee Thursday and was questioned about the bureau’s recent report stating service members complaints are nearly twice as likely to be about debt collection compared with the general population.

A New York man who claimed a collection agency and law firm illegally garnished his wages under a state court default judgment cannot pursue federal claims against the firms, according to a ruling Thursday.

U.S. household borrowing climbed in February compared with January, supported by financing for automobiles and college education.

Sen. Jeff Merkley, D-Ore., and nine other Democrats are attempting to block a go-around they say payday lenders use to avoid complying with state laws.

A proposed class-action lawsuit accusing collection agency LVNV Funding and law firm Eltman Eltman & Cooper of abusive collection practices can proceed, a federal judge has ruled.

Rising home values continue to provide consumers with a strong incentive to keep up with their home-equity loan payments.

The Alabama Senate has voted in favor of legislation that would extend payday loan repayment periods to six months.

The ringleader of an identity theft scam that stole more than $457,000 from bank customers in New York will serve between 10 and 20 years in prison following his conviction on 15 counts - including grand larceny charges.

The FTC has closed the book on a fraudulent debt collection scheme that processed payments for payday loan debts they didn’t owe.

Officials in Pittsylvania County, Va. are seeking proposals from firms to provide collections and billing services for the county's medical transport system.