Debt collection

U.S. v. Adrian Rubin, filed recently in federal court in Pennsylvania, ought to be required reading for anyone studying the history of online payday lending.

CashPoint will forgive more than $2.36 million in consumer loan debt after reaching a settlement Tuesday with the West Virginia Attorney General’s office over alleged illegal collection practices.

Companies offering loan assistance and credit improvement services, and their owner, agreed Monday to settle charges brought by regulators in Maryland.

WASHINGTON — A House Financial Services subcommittee will hold a hearing Thursday on employee allegations of discrimination and retaliation at the Consumer Financial Protection Bureau.

The Consumer Financial Protection Bureau released letters Monday asking major search engines Google, Yahoo and Bing to work with state and federal regulators to crack down on scammers targeting student loan debtors.

A national publication on Monday published an article with strategies for consumers dealing with debt collectors. Collections & Credit Risk encourages readers to tell us what you think of the story as well as the mainstream media's recent overall portrayal of the collection industry.

A judge ordered a Michigan hospital to pay more than $2.7 million as a result of a lawsuit involving plaintiffs who loaned the hospital money.

A lawsuit filed by Indiana’s attorney general accuses a test preparation company of deceptive practices. Unlike a separate New York lawsuit filed against the firm this month, the complaint does not name an affiliate collection agency.

Since the start of the Consumer Financial Protection Bureau, the debt collection industry has lived in a box of great unknowns.

Ally Financial and Ally Bank is starting to pay back $80 million to minority borrowers that the federal government found were victims of discrimination as a result of the companies’ indirect auto lending business.

The Consumer Financial Protection Bureau has fined a medical debt collector and ordered the company to provide financial relief to consumers for mishandling credit-reporting disputes.

The Consumer Financial Protection Bureau has fined a medical debt collector and ordered the company to provide financial relief to consumers for mishandling credit-reporting disputes.

The banking industry, which wanted curbs on costly lawsuits over unwanted robo-calls to consumers, was dealt a rebuke Thursday by the Federal Communications Commission.

The Federal Communications Commission rejected requests by banks and other companies that would have curbed lawsuits over unwanted phone calls to consumers.

The CFPB on Wednesday sued an auto loan firm for aggressive debt collection tactics against service members.

The settlement by the California agency and debt buyer forgives more than $600,000 in consumer debt. The company did not admit any wrongdoing.

More than 1.5 million home buyers negatively impacted by the financial crisis could re-enter the mortgage market in the next three years, according to a study that also looked at how big of an impact the mortgage crisis had on consumer credit scores.

Six months after rolling out new collection rules requiring collectors to - among several measures - produce loan documents or a court judgment upon request, New York regulators on Tuesday released more guidance.

The decline in foreclosures and short sales is one of the best signs of how much progress the housing recovery has made. But it's also contributing to a dearth of housing inventory that's constricting the market.

Borrowers who signed up for home equity lines of credit during the real estate price surge were 30 or more days late on $1.8 billion in outstanding balances four months after principal payments began, according to credit reporting firm Equifax.