Debt collection

The Internal Revenue Service’s Automated Collection System lacks key controls for selecting which delinquent tax cases to pursue, according to a new report by the Government Accountability Office.

The banking industry has taken notice of the news that the Federal Deposit Insurance Corp. plans to change the way it assesses banks with less than $10 billion in assets for deposit insurance coverage.

The South Carolina Department of Revenue has announced a plan to help make it easier for state agencies to collect delinquent fees and fines.

Federal regulators have cited F.N.B. Corp. in Pittsburgh for violating rules to protect consumers from unwanted, automated text messages.

A $12.4 million settlement aimed at providing debt forgiveness and cash payments to former Daymar College students ended a legal battle between Kentucky Attorney General Jack Conway’s office and the school.

Consumers continue to have a disciplined approach to spending with their credit cards, according to the American Bankers Association.

West Virginia regulators filed a complaint against a company that owns residential rental properties, alleging the company charged tenants excessive fees in violation of the state’s consumer protection laws and engaged in unlawful debt collections.

The Consumer Financial Protection Bureau is attacking the much-maligned business tactics of the debt collection industry from multiple angles.

The Consumer Financial Protection Bureau is attacking the much-maligned business tactics of the debt collection industry from multiple angles.

The consumer agency, which recently reached a large settlement with JPMorgan Chase over collections practices, turned its focus Wednesday to the country's two largest debt buyers.

The Consumer Financial Protection Bureau took action Wednesday against the nation’s two largest debt buyers and collectors for allegedly using deceptive tactics to collect bad debts.

The Consumer Financial Protection Bureau imposed up to $79 million in penalties and refunds Wednesday in enforcement actions against the country's two largest debt buyers.

Americans had 314 million credit card accounts during the first three months of the year, the highest number since the fourth quarter of 2008, according to a report released Wednesday.

The Council of Better Business Bureaus released data showing that collection agencies received 21,576 complaints from consumers last year, the fifth most complained about financial sector.

Consumer borrowing rose by $19.1 billion in July, pushing the total to a record $3.45 trillion, according to the Federal Reserve.

Prestige Financial Services, a privately held subprime auto lender, is looking to spark growth by offering credit directly to consumers over the Internet.

California’s Court of Appeal has blocked a class-action lawsuit against against collection agency GC Services.

A partnership between collection agency ConServe in Fairport, N.Y. and Rochester Rehabilitation in Rochester, N.Y. is aiming to help employ people with disadvantages.

WASHINGTON — The Justice Department is continuing to find cases of lenders steering minority borrowers into higher-cost loans three years after the agency forced several large banks into landmark settlements cracking down on the practice, according to a top DOJ official.

A mortgage relief services company and its owner agreed Thursday to settle allegations that they illegally charged homeowners an upfront fee for help they promised but never provided.