Debt collection

The Consumer Financial Protection Bureau is about to issue new rules that will define the future of small dollar and non-prime lending in our nation.

GOP lawmakers and witnesses at a Senate Banking Committee hearing pointedly criticized the Consumer Financial Protection Bureau on Tuesday, setting the stage for a likely contentious hearing with the agency's director later in the week.

ITT Technical Institute exaggerated its job-placement rates by counting "any job graduates got that somehow involved the use of a computer" and misled prospective students about the quality of its programs, according to a lawsuit filed Monday.

A federal judge in Michigan has dismissed a proposed class-action lawsuit accusing debt buyer Encore Capital Group of suing consumers over old debts that were no longer legally enforceable.

Two appeals court judges raised constitutional questions Monday about the structure of the Consumer Financial Protection Bureau in the agency's case alleging that PHH Corp. accepted illegal kickbacks.

Hammond-Henry Hospital in Geneseo, Ill. filed a seven-count lawsuit in Henry County (Ill.) Circuit Court alleging breach of contract by collection agency Allied Business Accounts, doing business as Health Care Billing Services.

The FTC has published a reminder to debt collectors about Fair Debt Collection Practices Act compliance risks created by the use of social media or text messages in connection with debt collection efforts.

The Consumer Financial Protection Bureau has amassed more than $300 million in its consumer relief fund, nearly double the amount from a year earlier - sparking questions about why the fund is so large.

Debt collection complaints topped the Consumer Financial Protection Bureau’s annual list in 2015 with 31% of total complaints, but the number dipped 3.5% to 85,200.

Poplar Bluff, Mo. city officials are looking into hiring a collection agency to pursue more than $200,000 in debt owed by a former internet provider.

Two large national groups want a federal court to force the Department of Education to release documents showing how it oversees private collection agencies and collects student loan debt.

The CFPB has ordered Student Aid Institute Inc., a company accused of preying on student loan borrowers, to shut down, cancel all contracts and stop participating in the industry.

A federal court halted a Chicago-area operation that allegedly threatened consumers to collect phony payday loan debts and provided portfolios of fake debt to other debt collectors. It's the FTC’s first case alleging that practice.

An Iowa man, who battled the Iowa Department of Revenue for three years over taxes he argued collectors never should have demanded he pay, received a $5,000 reimbursement this week from his former employer.

The CFPB's latest monthly report on complaints from consumers focuses on debt collection complaints.

A court ruling that struck down key sections of a Missouri law limiting the ability of cities to profit from court fines and traffic tickets will be appealed by Missouri Attorney General Chris Koster.

Bankers are warming up to a program that aims to improve the credit profile of entrepreneurs while giving banks a new way to compete with online lenders.

The Urban Institute has released a report reviewing data from 118 million homeowners and 127 million renters to help understand how mortgages relate to other consumer debts.

The CFPB's annual report to Congress updates the current status of proposed debt collection rules and lists four key themes that emerged from the more than 23,000 comments received after the CFPB’s 2013 debt collection Advanced Notice of Proposed Rulemaking.

Thousands of students who were defrauded by Corinthian Colleges could receive billions in debt forgiveness from the federal government, the U.S. Department of Education announced Friday.