Debt collection

U.S. District Judge Thomas M. Durkin denied requests for a new trial made by collection agency/mortgage servicer Residential Credit Solutions after it was ordered to pay $2 million to a woman who fought a foreclosure action brought by the firm.

Wyndham Hotels and Resorts agreed Wednesday to settle FTC charges that the company’s security practices unfairly exposed the payment card information of hundreds of thousands of consumers to hackers in three separate data breaches.

TransUnion predicts that the consumer lending market will have fully recovered by the end of next year from both the mortgage crisis and the recession that concluded more than six years ago.

A coalition of consumer groups wants the Consumer Financial Protection Bureau to investigate what it calls T-Mobile’s misleading advertisements and abusive debt collection practices.

Debt buyer PRA Group announced that Brad Embree was named to the 2015 Virginia Legal Elite, an annual list of top lawyers in Virginia as voted on by peers.

TransUnion Healthcare announced that its eScan healthcare service has identified more than $1 billion in insurance payments and helped hospitals recover more than $500 million in payments for unpaid medical services in the last three years.

Two recent Justice Department settlements, one with a large nonbank mortgage lender and the other with a small one, speak volumes about how much Federal Housing Administration lending has changed.

Outstanding consumer credit, a reflection of all debt besides mortgages, rose $15.98 billion or at a 5.5% annual rate in October, the Federal Reserve said Monday.

WASHINGTON — The Consumer Financial Protection Bureau is seeking $1.85 million in fines and restitution from EOS CCA, a Norwell, Mass., debt collection firm accused of holding on to a tainted AT&T portfolio of old cellphone bills.

A Massachusetts collection agency and debt buyer is the target of a federal complaint filed Monday by the Consumer Financial Protection Bureau. The agency is accused of reporting and collecting on old cellphone debts disputed by consumers.

The financial outlook for nonprofit healthcare facilities in the U.S. has improved enough that the hospital industry should be able to ward off upcoming shifts in government payments and moves by employers to coordinate care toward outpatient services, according to a report from Fitch Ratings.

The healthcare industry will be a target for data breaches next year because of the high value of medical records sold on the black market and the ongoing transition to electronic medical records, according to a new forecast.

Missouri Attorney General Chris Koster proposed reforms Thursday to stop debt collection practices that he believes unfairly target minority and low-income residents.

An estimated 1,300 former students of defunct for-profit Corinthian Colleges Inc. will have their federal student loans canceled by the U.S. Department of Education after it found students were tricked into taking on the loans, according to a government report released Thursday.

The CFPB took action Thursday against a nationwide credit reporting company and its owner for allegedly illegally obtaining consumer credit reports.

There are still significant problems in the credit card market despite a 2009 reform law that curtailed billions of dollars in unexpected fees, the Consumer Financial Protection Bureau said in a report Thursday.

The operators of a business directory scam allegedly sent collection warnings demanding more than $2,000 for unwanted listings and posed as a third-party collection agency.

The lead plaintiff in a class-action lawsuit filed against Macy’s in New York City accuses the retailer of "coercive collection practice" against minority customers.

An Indiana-based online test preparation company, sued this year by attorneys general in Indiana and New York, terminated employees and told them the firm is going "dormant." One of the firm's major creditors is accusing the company of fraud.

Banks are losing auto-finance market share to captive lenders and finance companies, according to a new report from the credit bureau Experian.