Debt collection

Lawmakers have introduced the Medical Debt Relief Act, designed to remove settled and paid medical debts from consumer credit reports, in the Senate and House.

The delinquency rate on first-lien mortgage loans on 1-4 unit residential properties fell at a seasonally adjusted rate of 4.77% in the fourth quarter ended Dec. 31. It marked the lowest level since Q3 2009.

The Lenawee County (Mich.) Prosecutor’s Office began collecting delinquent bills at the start of the year from people who have spent time in the county’s jail. The county faced delinquent bills over the years that totaled more than $20 million.

The Federal Trade Commission, as a result of a federal court ruling, may attempt to collect up to $3.2 million from marketers who lied about their finances to the FTC when they agreed to settle deceptive advertising charges in 2014.

PRA Group's fourth-quarter financial results reported Thursday showed drops in both revenue and income and mixed news for cash collections.

The Sixth Circuit recently upheld an Ohio federal court's decision to throw out a Telephone Consumer Protection Act suit brought by two hospital patients.

Professional race car driver Scott Tucker has pleaded not guilty in New York to charges in a payday lending scam.

Debt held by consumers in the U.S. as they age is rising, according to an analysis by the Federal Reserve Bank of New York.

Dublin, Ala., an unincorporated borough in Montgomery County, is reviewing whether to hire a collection agency to pursue nearly $100,000 in overdue water, sewer and trash accounts.

The Federal Trade Commission has charged a debt relief operation with falsely representing to financially distressed homeowners and student loan borrowers that it would help get their mortgages and student loans modified.

The Consumer Financial Protection Bureau on Tuesday hit Citigroup with $8 million in fines and restitution for allegedly selling credit card debt with inflated interest rates and failing to send consumer payments to debt buyers.

Violations of state and local debt collection statutes aren’t violations of the Fair Debt Collection Practices Act, the U.S. Court of Appeals for the Second Circuit ruled Monday.

A TransUnion analysis found that prior evictions and rental-related collection records are highly predictive of future evictions.

Taiwan-based computer hardware maker ASUSTeK Computer Inc. agreed to settle FTC charges that critical security flaws in its routers put the home networks of hundreds of thousands of consumers at risk.

A bill passed by the Wisconsin state legislature last week alters consumer law to ease regulations for debt collectors.

A recent story published by media in Houston stated that a Texas man had been arrested for failing to pay his student loan debts. In fact, the man, Paul Aker, was arrested for failing to appear in court.

Many consumers expecting a tax refund this year will use it to pay down debt or save the money, according to the National Retail Federation’s annual Tax Returns Survey.

The Consumer Financial Protection Bureau's use of enforcement actions to try and make broad changes to the auto lending market is fragmenting the industry further and potentially limiting a consumer's ability to negotiate for a lower interest rate.

Wisconsin lawmakers are reviewing a plan to send Milwaukee County’s debt to the state’s Department of Revenue for collection.

An estimated 6,200 accounts at Western Missouri Medical Center in Warrensburg, Mo. were inadvertently sent to a collection agency because of a computer glitch.