Debt collection

A federal appeals court decision Friday allows a lawsuit involving interest rates in debt collection cases to move forward as a class action.

Some potential corporate customers of the nation's largest banks have recently received surprising responses to their loan applications: come back to us later when you've cleaned up your act.

Federal courts in New York and Georgia halted three debt collection operations that allegedly violated federal law by tricking and threatening consumers via emails, text messages and phone calls.

A payment processor and telemarketer Hal E. Smith must pay more than $1.7 million to settle charges of running a deceptive robocall credit card scheme.

The three major credit bureaus agreed Wednesday to pay more than $6 million to 31 states to cover the cost of a three-year investigation into credit reporting errors.

The credit card delinquency rate remained steady in the first quarter while the average credit card balance per borrower fell, according to a new report.

Ohio Attorney General Mike DeWine filed a lawsuit Tuesday against a debt collection operation accused of threatening, harassing and misleading consumers.

Eleven major mortgage lenders agreed Monday to maintain and monitor vacant properties in the state of New York where the loans are delinquent and the homes are abandoned - otherwise referred to as “zombie” properties.

The Consumer Financial Protection Bureau on Tuesday cited PayPal for illegally signing up consumers for online credit, the agency announced.

The U.S. Supreme Court announced Monday it will take on Campbell-Ewald Co. v. Gomez, where it will be presented with two key issues involving offers of judgment and the TCPA.

The mortgage delinquency rate fell in the first quarter, marking the 13th consecutive quarterly drop.

WASHINGTON — The Education Department's plan to tighten restrictions on deals between banks and universities sparked a fierce debate Friday over whether such rules are long overdue or a significant overreach.

Interactive Intelligence Group Inc., a global provider of collaboration, communications and customer engagement software and cloud services, has released Interaction Collector for Student Loans.

European private equity firm Permira has agreed to buy German debt collection agency GFKL from Advent, the companies said Monday.

Debt buyer PRA Group announced Monday it will expand into the German debt purchase market.

A proposal issued Friday by the Department of Education would tighten rules on the types of deal that colleges can enter into with banks to disburse federally guaranteed loans to students.

A $10.2 million settlement of a class action involving JPMorgan Chase has stoked the interest of banking industry and consumer groups in new rules for placing robo-calls.

The FTC has settled a case against an operation that allegedly used deception and threats to convince people to pay debts they did not owe.

A Jackson County, Mo. jury awarded a woman $251,000 in damages and assessed $82 million in punitive damages against the collection agency that sued her for a debt she said was not hers.

Banks and consumer groups are both eagerly awaiting an FCC decision about whether to loosen federal restrictions on robo-calling consumers. A $10.2 million settlement announced this week involving JPMorgan Chase brought the issue back to the forefront.