Debt collection

Fallout from the Consumer Financial Protection Bureau’s proposed rules governing payday loans are starting to be felt with payday lending operations across the U.S.

The Iowa Court of Appeals has ruled that Capital One Bank (USA) didn’t violate an Iowa debt collection law by pursuing debt without registering with the state as a debt collector.

PRA Group announced Monday that Michelle Link, the company’s chief human resources officer, has been named to Human Resource Executive magazine’s 2015 HR Honor Roll.

A report from The Commonwealth Fund indicates consumers are reporting problems affording healthcare as a result of high premiums while the perception of the difficulty also influences care decisions.

It sounded like a sales pitch from the bubble years - "Subprime: The New Normal." But an account executive at the Atlanta mortgage lender Angel Oak Home Loans sought to draw a clear distinction between subprime products pitched today and the infamous stated-income loans of yore.

The amount of people with loans transferred to collection agencies or debt management has more than doubled in the fiscal year ending in September.

One week after the city of Peoria, Ill. issued an edict that $1.8 million in delinquent parking fines were being sent to a state-run collections program, city officials are reporting strong early returns.

The industry won a small victory this month when the House voted to nullify Consumer Financial Protection Bureau guidance that had led to recent auto lender settlements, but the real battle over the bill and its potential impact is just beginning.

Banks continued to report strong profits in the third quarter, but the Federal Deposit Insurance Corp. on Tuesday highlighted a definite warning sign it sees in bank portfolios: riskier loans.

While the CFPB's latest monthly complaint report highlights bank account and service complaints, debt collection ranked as the top category.

TransUnion and Ontario Systems announced Tuesday a collaboration to offer collection agencies TransUnion's new CreditVision recovery model.

Two online lenders associated with Indian tribes have won the dismissal of a lawsuit that alleged the companies were operating in violation of Maryland law.

Two Ohio auto dealers agreed Tuesday to settle Federal Trade Commission charges that they tricked consumers with advertisements touting low monthly care lease payments while not disclosing important terms of the offers - including credit score requirements.

A TransUnion analysis has found that credit card loyalty remains intact despite enticing offers and higher spend during the holiday shopping season.

The Consumer Financial Protection Bureau has updated its regulatory agenda and now expects pre-rule activities for debt collection to last through February 2016.

Authoritative phone data intelligence can greatly help when it comes to TCPA compliance.

Ohio consumers searching for small-dollar loans each year end up with more than $502 million in fees, according to a new report.

A landmark FCC ruling in July clarified a chaotic and confusing set of TCPA rules and assumptions concerning the legalities of autodialers, revoking consent to contact and what penalties would come from not obeying the rules.

Equifax Inc. is acquiring the largest provider of credit reporting in Australia and New Zealand for $2.5 billion.

Embattled online lender CashCall has paid nearly $2 million in restitution and fines for allegedly deceiving and overcharging borrowers, California's Department of Business Oversight announced.