Debt collection

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.

The Federal Trade Commission and the New York Attorney General’s office gave presentations on collection issues, existing laws and the enforcement of fair practices.

Equifax Inc. announced Monday that it’s working with Credit Builders Alliance to help Americans who are considered to be “credit invisible.”

Community Bank in Pasadena, Calif., has completed a debt restructuring that will reduce second-quarter profit, but will improve its cost of funds and margins and increase yearly income.

A study of the top five U.S. auto insurers found an average 49% difference in premium costs for someone with an excellent credit score compared with someone with no credit history.

Global Debt Registry announced that its Account Extinguishment Report is available for free to consumers on its consumer website Debt Lookup. The firm calls it "a solution for protecting consumers from attempts to collect on settled, cancelled or closed accounts."

A watchdog group is proposing a ballot measure that would impose a cap on interest rates charged by the lenders.

A city of Los Angeles lawsuit accusing Wells Fargo & Co. of opening bank accounts without customers' permission in order to reach sales quotas should be heard in federal court, according to the bank.

Town officials in Manchester, Conn. have hired a collection agency to pursue people who are delinquent on their motor vehicle taxes.

The Consumer Bankers Association praised banks' discipline on managing credit quality for student loans after a report showed a drop in delinquencies.

An analysis by the National Center for Health Statistics shows that the number of Americans experiencing problems paying their medical bills fell between 2011 and mid-2014.