Debt collection

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.

A municipal tax collection agency in Ohio has confirmed it lost personal data for an estimated 50,000 people who filed tax forms with the agency.

Associated Banc-Corp in Green Bay, Wis., will increase its fourth-quarter allowance for loan losses by $13 million to compensate for potential late payments or defaults on loans in its energy portfolio.

Overall consumer borrowing grew from October to November but decelerated to the slowest pace since January as Americans took out fewer loans for big-ticket items such as cars and education.

The FTC and the State of Florida on Friday charged a payment processing business with credit card laundering and illegally assisting and facilitating a nationwide debt relief telemarketing scheme that allegedly bilked millions of dollars from consumers.

Macy’s has announced plans to consolidate four credit and customer service center facilities into three, resulting in 4,800 job cuts for the Cincinnati-based retail giant.

Both consumers with health insurance and those lacking any coverage are reporting problems paying medical bills, according to a survey by the Kaiser Family Foundation and The New York Times.

While it searches for a permanent deputy director, the Consumer Financial Protection Bureau has named David Silberman to serve as its acting No. 2 starting next week.

A number of community banks, eager to make inroads with underbanked clients, are looking to offer employer-sponsored payroll loans.

The FTC on Thursday announced it has stopped illegal debt collection tactics of several debt collection operations. The crackdown includes four cases highlighted in Collections & Credit Risk. The FTC issued a statement about the cases to point out the success of Operation Collection Protection.

Most U.S. states have established student loan forgiveness programs that are often offered to public service employees to help borrowers who have federal aid or don’t qualify for Department of Education programs.