Debt collection

Victoria’s Secret faces a class-action lawsuit over allegations that the retailer violated the Telephone Consumer Protection Act by sending a customer 97 text messages in a single day.

First-mortgage originations for subprime borrowers showed steady growth last year from January to October, with more than 312,000 new mortgages originated, totaling $50.7 billion, according to data from the latest Equifax National Consumer Credit Trends Report.

Washington Attorney General Bob Ferguson has requested legislation that would create a program allowing Washington drivers to set up payment plans to pay traffic-based fines. The program aims to reduce the number of people in the state with suspended driver’s licenses, lower court costs and boost local revenue.

The Shareholders Foundation Inc. announced that a lawsuit is pending in South Carolina on behalf of certain buyers of shares of World Acceptance Corp. over the company's alleged violations of laws concerning securities.

It's easier than ever for consumers to take out personal loans to pay down high-cost debt or fund big-ticket purchases, and two new studies show that they are taking full advantage of their options.

The U.S. House of Representatives this week likely will consider legislation to end Operation Choke Point, sponsored by U.S. Rep. Blaine Luetkemeyer (R-Mo.).

Wisconsin lawmakers are reviewing a plan to allow employees of licensed debt collection companies to work from home.

Prospect Medical Group, a California-based hospital chain, is one of the first healthcare providers sued since the FCC clarified TCPA language last July concerning auto-dialing cell phones, consent to call and calling wrong numbers.

The CFPB has released its latest monthly consumer complaint snapshot, highlighting consumer complaints in December about financial services such as collections, debt settlement and credit repair.

Identity theft victims for the first time can go online and get a free ID theft recovery plan to help them in alerting credit bureaus and law enforcement.

Police in Texas are helping collect delinquent court fines by using license plate scanners and credit card readers that allow them to take payments on the spot, with the vehicle data collected and stored by a private company.

Discover Financial Services reported a slowdown in growth in its credit card business but vowed to take steps to reverse the trend.

DeVry Education Group responded Wednesday to a complaint filed by the Federal Trade Commission alleging that consumers were deceived about the chances of students finding jobs in their areas of study.

The FTC has filed suit against the operators of DeVry University, alleging that DeVry’s advertisements deceived consumers about the likelihood students would find jobs in their fields of study and would earn more than those graduating with bachelor's degrees from other institutions.

TransUnion’s first-ever personal loan forecast found that both secured and unsecured loans will see balance increases and stable delinquencies this year. The strong performance is expected as the popularity for the products continues to rise among prime consumers.

Navient, a loan management, servicing and asset recovery company that services approximately $300 billion in student loans, released fourth-quarter and full-year financial results that reveal total delinquency rates are at the lowest levels in a decade.

RealtyTrac on Wednesday released its Year-End 2015 U.S. Home Equity & Underwater Report, which shows that there were 6.4 million U.S. properties seriously underwater - where the combined loan amount secured by the property is at least 25% higher than the property’s estimated market value.

A racketeering lawsuit against Sherman Financial Group, one of the country's largest debt buyers, can't move forward as a class action, a federal judge in Indianapolis has ruled.

A federal appeals court will hear the case of mortgage lender PHH Corp. v. CFPB on April 12, a case the collection industry will be closely watching.

Discover Financial Services is making an aggressive new bid for consumers who can't qualify for a traditional credit card.