Debt collection

House Financial Services Committee Chairman Jeb Hensarling is trying to stop $80 million in payments given to borrowers as part of a controversial auto loan discrimination settlement with Ally Financial until regulators verify the checks were actually given to minorities.

Debt-buying giant PRA Group Inc.'s stock fell Wednesday to a 52-week low. After opening at $27.60, PRA Group dropped to $26.75. By the closing bell, the company's stock was at $27.72 a share for a loss of 0.89%.

Brad Elbein, a former director of two Federal Trade Commission regional offices, has joined Barron & Newburger, P.C. as Managing Attorney of the firm's new Atlanta office.

A California resident has filed a class-action lawsuit against a Santa Rosa, Calif.-based collection agency, alleging it sent misleading form letters suggesting it was linked with local government.

Defaults, repossessions and auctions were down 3% last year compared with 2014 and down 62% from a peak in 2010, according to a report released today by RealtyTrac.

Overlapping missions and jurisdictions are fueling competition between the Consumer Financial Protection Bureau and the Federal Trade Commission, according to former officials at both agencies.

Idaho Community Action Network (ICAN) on Monday protested what it calls a lack of action by the Consumer Financial Protection Bureau regarding enacting national standards for payday loan operations and ending uncapped loans.

ACA International filed a lawsuit in July to challenge the Federal Communications Commission’s Declaratory Ruling concerning the Telephone Consumer Protection Act. On Friday, in the U.S. Court of Appeals for the D.C. Circuit, the FCC filed its answering brief to the case, titled ACA International, et al. v. FCC and U.S.

Overlapping missions and jurisdictions are fueling competition between the Consumer Financial Protection Bureau and the Federal Trade Commission, according to former officials at both agencies.

A Michigan circuit court judge on Thursday banned Liquidation LLC and eight related companies from collecting on title loans that charge triple-digit interest rates.

Approximately half of more than 40 enforcement issues made public by the Consumer Financial Protection Bureau have alleged violations of the Unfair, Deceptive and Abusive Acts or Practices provision of the Dodd-Frank Act.

The inventory of homes in foreclosure fell in November to the lowest level since November 2007, according to a report from CoreLogic, a global property information company.

The former assistant director of the Consumer Financial Protection Bureau has taken a job as a senior official with the Department of Education.

GC Services LP, a nearly 60-year-old accounts receivable management company, has been sold for undisclosed terms.

Consumers increasingly fell behind on their payments in several loan categories in the third quarter as economic growth cooled.

Officials in Montezuma County, Col. hope a Web-based collection management system will help them collect more than $311,000 in debt owed by current and former inmates.

A large Texas-based debt collection law firm will pay $3.4 million to settle accusations it illegally practiced law in California without having any lawyers in the state.

It took seven years, but the U.S. credit-card business has finally bounced back from its post-crisis hangover.

Unpaid utility bills owed by 680,000 residential electric and gas customers in Pennsylvania totaled $315 million in 2014, according to the state Public Utility Commission (PUC).

City officials in Longview, Texas are planning to review placing restrictions on “credit access” businesses such as title and payday loan outlets. City council officials will discuss the plan on Thursday.